SVB Financial Group was a financial services holding company and the former parent of Silicon Valley Bank, which served technology, life sciences, venture capital, private equity and other innovation-focused businesses. Through its subsidiaries, the group provided commercial banking, lending, treasury management, investment banking, private banking and wealth management services.
The company’s principal banking subsidiary, Silicon Valley Bank, operated primarily in the United States and maintained relationships with companies, investors and entrepreneurs in innovation centers around the world. SVB Financial also operated SVB Securities, an investment banking business, and SVB Private, which provided private banking and wealth management services.
Founded in 1983 and headquartered in Santa Clara, California, SVB Financial Group faced a major disruption in March 2023 when Silicon Valley Bank was placed into receivership. First Citizens BancShares subsequently acquired substantially all of the failed bank’s deposits and loans, while SVB Financial Group pursued a court-supervised restructuring under Chapter 11. The company’s historical operating businesses and corporate structure have therefore changed significantly.
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