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Investors Moving from SF to Silicon Valley

SAN FRANCISCO - The exodus has hit one San Francisco building particularly hard -- the Bank of America building at 555 California St.

By Allison Landa | Updated on August 07, 2000

Bay Area investment bankers are seeking the personal touch.

In order to get closer to the entreprenuers fueling the technology gold rush, bankers are packing up their San Francisco quarters and moving to the Silicon Valley. And the exodus has hit one San Francisco building particularly hard — the Bank of America building at 555 California St. has seen several tenants leave in recent months, and others are rumored to follow.

In February, Banc of America Securities LLC relocated 60 investment bankers to Palo Alto. But 1,500 other employees remained at 555 California, many brokers and researchers among them.

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