SVB Financial Group - Company Profile
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SVB Financial Group (SVB Financial) is a banking and financial holding company that offers commercial and private banking, asset management, and investment solutions. In March 2023, the holding company has ceased to be the parent of Silicon Valley Bank, subsequent to the closure of the latter by the California Department of Financial Protection and Innovation, and FDIC. Amid this crisis, SVB Financial also has filed for bankruptcy. It used to offer a range of deposit services; loans and credit facilities such as equipment loans, asset-based loans, accounts-receivable-based lines of credit, term loans, credit cards, and capital call lines of credit; treasury management, investment products, private wealth management services, and foreign exchange and trade financing solutions. Its non-banking solutions included funds management, private equity investment, and venture capital through its other subsidiaries, primarily to entrepreneurs, venture capital/private equity professionals, investors, corporates, enterprises of all sizes and stages, and individuals through offices in the US, Ireland, Canada, India, Denmark, China, Hong Kong, Israel, and Germany. SVB Financial is headquartered in Santa Clara, California, the US.
SVB Financial Group premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Loans | Merchant Services | SVB |
Debit and Credit Cards | Remote Capture | |
Business and Analysis Checking Accounts | Lockbox | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In September, Silicon Valley Bank launched a new nationwide advertising campaign. |
2023 | Regulatory Approval | In July, the company secured court permission to sell its investment banking arm for US$100 million. |
2023 | Plans/Strategy | In June, the company announced its plans to sell its investment banking division to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. |
Competitor Comparison
Key Parameters | SVB Financial Group | First Citizens BancShares Inc | First Republic Bank | East West Bancorp Inc | PacWest Bancorp |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Menlo Park | Raleigh | San Francisco | Pasadena | Beverly Hills |
State/Province | California | North Carolina | California | California | California |
No. of Employees | 8,553 | 15,715 | 7,213 | 3,206 | 2,438 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Beverly Kay Matthews | Chairman | Executive Board | 2022 | 64 |
Philip C. Cox | Chief Operating Officer | Senior Management | 2019 | 56 |
Kim Olson | Chief Risk Officer | Senior Management | 2023 | 58 |
Laura Cushing | Chief Human Resources Officer | Senior Management | 2022 | 54 |
Michelle A. Draper | Chief Marketing and Strategy Officer | Senior Management | - | 55 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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