Silicon Valley Bancshares of Santa Clara, Calif., plans to sell 1.25 million shares in a secondary offering to raise capital.The $3.7 billion-asset company, which recently entered a memorandum of understanding with the Federal Reserve to boost Tier 1 capital, said a substantial amount of the proceeds would be contributed to its Silicon Valley Bank.

At $35.125 a share, the company's trading price at midday Monday, the offering would generate $44 million.

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