Silicon Valley Bank
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NASDAQ: SIVB S&P 400 Component |
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| Public company | |
| Industry | Financial Services |
| Founded | 1983 |
| Headquarters | Santa Clara, California |
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Area served
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Silicon Valley |
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Key people
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Greg Becker, CEO Roger F. Dunbar, Chairman Michael R. Descheneaux, President |
| Revenue |  US$1.607 billion (2016) |
| US$0.382 billion (2016) |
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| Total assets |  US$44.683 billion (2016) |
| Total equity | US$3.642 billion (2016) |
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Number of employees
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2,311 (2016) |
| Capital ratio | 12.80% (2016) |
| Website | svb.com |
Silicon Valley Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bank. The bank has helped fund more than 30,000 start-ups. SVB is on the list of largest banks in the United States.
The company focuses on lending to technology companies, providing multiple services to venture capital and private equity firms that invest in technology and biotechnology, and also on private banking services for high-net-worth individuals, in its home market in Silicon Valley. In addition to taking deposits and making loans, the bank operates venture capital and private equity divisions that sometimes invest in the firm's commercial banking clients.
The bank is the largest bank in Silicon Valley in terms of deposits, with a 25.9% market share as of June 30, 2016.
The bank operates from 29 offices in the United States and has operations in Hong Kong; Beijing and Shanghai, China; Bangalore, India; Herzliya Pituach, Israel (a wealthy waterfront suburb of Tel Aviv); and London, England.
Silicon Valley Bank (SVB) was founded in 1982; its first office opened in 1983. The bank’s main strategy was collecting deposits from businesses financed through venture capital. It then expanded into banking and financing venture capitalists themselves, and added services aimed at allowing the bank to keep clients as they matured from their startup phase.
In 1988, the bank opened an office in downtown San Jose.
In 1993, the bank's founding CEO, Roger V. Smith, was replaced by John C. Dean; Smith became Vice Chairman of the bank. Smith left in 1994 to launch the Smith Venture Group.
In 2001, the bank acquired merger & acquisition advisor Alliant Partners for $100 million.
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