First Republic Bank, which provides wealth management and private banking services, has expanded with a second Menlo Park, California office to cater for venture capital and private equity clients in Silicon Valley.

As well as specializing in venture capital and private equity, the new office will provide private banking, investment management, trust, and real estate lending services to individuals, businesses, foundations and non-profits.

The two Menlo Park-based offices will work closely with the bank’s other offices in San Francisco, Los Angeles, New York and Boston.

The launch is part of First Republic’s strategy of expanding in Silicon Valley. The bank this month hired Philip Hill from US Trust to work at its San Francisco headquarters in its private wealth management business as portfolio manager and managing director.