Casey, Square 1 Bank’s Founder and CEO, Passes Away

Richard Casey, Square 1 Bank’s founder, chairman and CEO, has passed away, according to a statement Thursday. Services for Casey will be held on Saturday. Square 1 Bank is a commercial bank that exclusively serves the financial needs of the VC community and entrepreneurs.

PRESS RELEASE

The Square 1 family, including the executive team, 169 employees and Board of Directors, extend their condolences to Richard’s wife Susan, his daughter Leigh, his father John and to his wider family.

Richard was a beloved colleague, husband, father, friend and mentor to many. He will be greatly missed by all who knew him.

Richard had immense passion for innovation and the entrepreneurial community. He believed this was the foundation upon which America was built and will continue to prosper. Square 1 Bank was founded in 2005 by Richard and his wife Susan to help entrepreneurs succeed by creating a bank exclusively devoted to the unique needs of startups. Richard’s vision was to build a bank that was quick, flexible, accessible and high-touch, and run by highly-experienced talent who understood the needs of entrepreneurs. Square 1 now has 10 offices throughout the United States and $1.2 billion in assets.

Under the leadership of the bank’s executive team and the Board of Directors, Square 1 Bank’s growth and momentum will continue in the very capable hands of seasoned executives who care as deeply as Richard did about supporting entrepreneurs and furthering innovation.

Bob Keith, Square 1 Bank’s Lead Director, said “Richard was an inspiration to his family, employees and the larger entrepreneur community. We will work tirelessly with the experienced management team that Richard built to honor his legacy and continue to grow an institution that supports entrepreneurs whose efforts drive innovation and economic growth.”

Services will be held Saturday, November 13, 1:00 PM at St. Anthony of Padua Catholic Church in Southern Pines, North Carolina. In lieu of flowers, donations may be made to the Richard J. Casey Foundation whose mission is to promote the entrepreneurial spirit in America; c/o Square 1 Bank, 406 Blackwell Street, Suite 240, Durham, NC 27701.

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1’s expertise, focus and strong capital base provide solid support for its clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. For more information, visit www.square1bank.com.