Silicon Valley Bank is a subsidiary of SVB Financial Group, a leading global financial services company in the United States. Silicon Valley Bank was established in October 1983 and is headquartered in Santa Clara, California. The bank provides commercial banking and financial services to emerging and established companies in the field of technology, life science, venture capital, private equity, and premium wine markets. SVB Financial Group focuses on specialized markets and has extensive knowledge of the business issues and people associated with them.
At present, SVB Financial Group has over 1,400 employees and $19.4 billion in overall assets. The corporation operates branch locations throughout Silicon Valley in Santa Clara, Menlo Park, Pleasanton, and Palo Alto. The company has other regional offices within California including Irvine, San Francisco, San Diego, St. Helena, Santa Rosa, and Sheman Oaks. SVB operates a total of 27 branch offices in the United States and three other International offices. Forbes Magazine ranked SVB Financial as one of the America’s Best Banks, and Fortune considers it as one of the best places to work.
Silicon Valley Bank provides credit and global management services at every stage of business growth. It offers investment services and advisory as well as specialized banking services for startups and venture capital companies. The bank also provides a broad range of financial services and banking products including business checking, money market accounts, multi-currency accounts, receivables, credit cards, trade finance, investment solutions, and a number of online banking services.
The bank employs expert bankers who are specialized in software, hardware, Internet, life sciences, venture capital, cleantech, and premium wine industries. It offers innovative approaches and customized solutions for businesses of all sizes and growth stages. SVB Financial Group serves customers throughout the world and has subsidiaries in the United Kingdom, Israel, China, and India.
|Bank Name||Silicon Valley Bank|
|Year of Establishment||October 17, 1983|
|FDIC Insured Since||October 17, 1983|
|FDIC Certificate No||24735|
|Number of Branches||6 domestic branches|
|Number of ATMs|
|Number of Employees||1,674|
|Number of States Served||2 States|
|Services Offered (Available Accounts)||Business Checking, Money Market Accounts, Multi-Currency Accounts, Receivables, Credit cards, Trade Finance, Investment Solutions.|
|Mobile and Online Banking||Foreign Exchange Transactions, Account Balance Enquiry, Bill Pay, Text Banking, Fund Transfer.|
|Assets (June 30, 2014)||31,640,784|
|Deposits (June 30, 2014)||28,728,405|
|Equity Capital (June 30, 2014)||2,284,663|
|Net Income (June 30, 2014)||67,417|
|Primary Federal Regulator||Federal Reserve Board (FRB)|
|Address||3003 Tasman Drive, Santa Clara, California 95054, County of Santa Clara.|
(Courtesy: FDIC as on June 30, 2014)