SVB Financial Group
SVB Financial Group (SVB or SVBFG) is a financial services holding company headquartered in New York City. The company's main business unit was commercial bank Silicon Valley Bank, until the bank failed in March 2023 after a bank run. The company was a member of the S&P 500 index until March 15, 2023. According to public filings, as of December 31, 2022, SVB Financial Group had 164 subsidiaries.
Former headquarters in Santa Clara | |
| Formerly | Silicon Valley Bancshares (1982–2005) |
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| Company type | Public |
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| Industry | Financial services |
| Founded | April 23, 1982 |
| Founders |
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| Headquarters | , U.S. |
Key people |
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| Revenue | US$7.40 billion (2022) |
| US$1.51 billion (2022) | |
| Total assets | US$211.8 billion (2022) |
| Total equity | US$16.0 billion (2022) |
Number of employees | 8,553 (December 2022) |
| Subsidiaries |
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| Capital ratio | Tier 1 15.4% (2022) |
| Website | www |
| Footnotes / references | |
The company's one subsidiary is SVB Capital, a venture capital and investment management subsidiary of SVBFG. SVB Capital manages $9.5 billion in funds of both clients and the bank that was invested in venture capital funds.
Until March 2023, the company also included Silicon Valley Bank and SVB Private, a private banking service affiliated with Silicon Valley Bank that, along with its affiliates SVB Investment Services and SVB Wealth, offered client services especially catered to private equity and high-net-worth individuals. Both Silicon Valley Bank and SVB Private were placed in receivership and sold to First Citizens Bank. SVB Securities was sold to its management in July 2023 and renamed Leerink Partners.