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词条 Silicon Valley Bank
释义

  1. Current operations

  2. History

  3. References

  4. External links

{{Infobox company
| name = SVB Financial Group
| logo = Silicon Valley Bank logo.svg
| traded_as = {{Unbulleted list|{{NASDAQ|SIVB}}|S&P 500 component}}
| type = Public
| industry = Financial Services
| founded = {{Start date and age|1983}}
| hq_location = Santa Clara, California
| key_people = {{nowrap| Greg Becker, CEO
Roger F. Dunbar, Chairman
Michael R. Descheneaux, President}}
| assets = {{increase}} $51.214 billion (2017)
| equity = {{increase}} $4.179 billion (2017)
| num_employees = 2,438 (2017)
| ratio = 12.06% Tier 1 capital (2017)
| website = {{URL|svb.com}}
| footnotes = [1]
}}

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.[2] SVB is on the list of largest banks in the United States.

The bank is also one of the largest providers of financial services to wine producers in Napa Valley.[1]

Current operations

The company focuses on lending to technology companies, providing multiple services to venture capital, revenue-based financing 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.[3][4][1] 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.[5]

The bank is the largest bank in Silicon Valley in terms of deposits, with a 25.9% market share as of June 30, 2016.[6]

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); London, England; and Frankfurt, Germany.[7]

History

Silicon Valley Bank (SVB) was founded in 1982; its first office opened in 1983.[8] 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.[9]

In 1993, the bank's founding CEO, Roger V. Smith, was replaced by John C. Dean; Smith became Vice Chairman of the bank.[10] Smith left in 1994 to launch the Smith Venture Group.[11]

In 2002, the bank began expanding its private banking business, which up to that point had been done primarily as a favor to wealthy venture capitalists and entrepreneurs[12]

In 2004, the bank opened international subsidiaries in Bangalore, India, and London; in 2005 it opened offices in Beijing and Israel.[13] In 2006, the bank began operations in the UK and opened its first branch there in 2012.[5]

In December 2008, SVB Financial received a $235 million investment from the U.S. Treasury through the Troubled Asset Relief Program.[14] The U.S. Treasury received $10 million in dividends from Silicon Valley bank and, in December 2009, the bank repurchased the outstanding stock and warrants held by the government, funding this through a stock sale of $300 million.[15]

In March 2011, the bank was named "Bank Of The Year" by the Export–Import Bank of the United States.{{Citation needed|date=February 2019}} In April, Ken Wilcox, who had been CEO since 2000, left the CEO position, while remaining Chairman of the Board; he was replaced by Greg Becker.[16]

In November 2012, the bank announced a 50-50 joint venture with Shanghai Pudong Development Bank (SPDB) to provide capital to start-up technology entrepreneurs.[17] In July 2015, the joint venture was granted approval by the China Bank Regulatory Commission (CBRC) to operate in renminbi (RMB), the official currency of the People’s Republic of China. This license allows the joint venture to provide banking products and services to its clients in local Chinese currency.[18]

In March 2017, Michael R. Descheneaux was named president of the company.[19]

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/719739/000071973918000011/sivb-12312017x10xk_final.htm | title=SVB Financial Group 2017 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite news | url=http://www.mercurynews.com/2011/10/18/silicon-valley-bank-works-to-import-startup-culture-to-china/ | title=Silicon Valley Bank works to import startup culture to China | first=John | last=Boudreau | work=San Jose Mercury News | date=October 16, 2011}}
3. ^{{cite news | url=http://www.latimes.com/business/la-fi-silicon-valley-bank-20150807-story.html | title=At Silicon Valley Bank, risky tech start-ups are lucrative business | first=E. Scott | last=Reckard | work=Los Angeles Times | date=August 8, 2015}}
4. ^{{cite web |last1=Soper |first1=Taylor |title=Lighter Capital partners with Silicon Valley Bank to offer startups debt financing and banking services |url=https://www.geekwire.com/2019/lighter-capital-partners-silicon-valley-bank-offer-pre-vc-startups-debt-capital-banking-services/ |website=GeekWire |accessdate=6 March 2019}}
5. ^{{cite news | url=http://fortune.com/2012/10/22/silicon-valley-bank-the-bank-for-startups/ | title=Silicon Valley Bank: The bank for startups | first=Richard McGill | last=Murphy | work=Fortune | date=October 22, 2012}}
6. ^{{cite news | url=https://www.bizjournals.com/sanjose/news/2016/10/03/big-growth-in-silicon-valley-deposits-for-j-p.html | title=Big growth in Silicon Valley deposits for J.P. Morgan but Comerica takes a hit | first=Bryce | last=Druzin | work=American City Business Journals | date=October 3, 2016}}
7. ^{{cite news | url=https://ppc.land/silicon-valley-bank-opens-hub-in-frankfurt/ | title=Silicon Valley Bank opens hub in Frankfurt | first=Daniel | last=Rijo | work=PPC Land | date=June 2, 2018}}
8. ^{{cite news | url=https://medium.com/@_peterryan/the-story-of-silicon-valley-bank-4873e1d49fa7 | title=The Story of Silicon Valley Bank: The Risk Less Taken, And That Has Made All The Difference | first=Peter | last=Ryan | work=Medium | date=February 2, 2016}}
9. ^{{cite news | url=https://blogs.wsj.com/tech-europe/2012/11/14/microsofts-karia-jumps-ship-to-silicon-valley-bank/ | title=Microsoft’s Karia Jumps Ship to Silicon Valley Bank | first=Ben | last=Rooney | work=The Wall Street Journal | date=November 14, 2012}}{{subscription required}}
10. ^{{cite news | url=https://www.bizjournals.com/sanjose/blog/techflash/2015/06/ceo-greg-becker-on-silicon-valley-banks-bubble.html | title=CEO Greg Becker on Silicon Valley Bank's bubble-proof growth | first=Cromwell | last=Schubarth | work=American City Business Journals | date=June 1, 2015}}
11. ^{{cite web | url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=766908&privcapId=129939217 | title=Roger V. Smith | publisher=Bloomberg L.P.}}
12. ^{{cite news | url=https://www.bizjournals.com/sanjose/stories/2003/08/18/smallb4.html | title=Silicon Valley Bank targeting San Jose for private banking | work=American City Business Journals | first=Sarah | last=Lacy | date=August 17, 2003}}
13. ^{{cite news | url=https://www.bizjournals.com/sanjose/stories/2004/09/13/story7.html | title=Silicon Valley Bank extends reach to Bangalore, London | first=Sarah | last=Lacy | work=American City Business Journals | date=September 12, 2004}}
14. ^{{cite news | url=http://www.siliconbeat.com/2008/12/03/svb-financial-becomes-second-local-bank-to-partake-in-tarp-program/ | title=SVB Financial Becomes Second Local Bank To Partake In TARP Program | work=The Mercury News | date=December 3, 2008}}
15. ^{{cite news | url=https://www.bizjournals.com/sanfrancisco/stories/2009/12/14/daily74.html |title=Silicon Valley Bank’s parent to repay all its $235M in TARP money | first=Mark | last=Calvey | work=American City Business Journals | date=December 18, 2009}}
16. ^{{cite news | url=https://www.bizjournals.com/sanfrancisco/news/2011/01/20/ceo-of-silicon-valley-banks-parent.html |title=CEO of Silicon Valley Bank’s parent stepping down | first=Mark | last=Calvey | work=American City Business Journals | date=January 20, 2011}}
17. ^{{cite news | url=https://www.theregister.co.uk/2012/08/20/china_silicon_valley_bank_innovate/ | title=Silicon Valley comes to China to spur tech innovation | first=Phil | last=Muncaster | work=The Register | date=August 20, 2012}}
18. ^{{cite press release | url=https://www.prnewswire.com/news-releases/silicon-valley-banks-joint-venture-in-china-receives-license-to-transact-in-local-currency-300112575.html | title=Silicon Valley Bank's Joint Venture in China Receives License to Transact in Local Currency | publisher=PR Newswire | date=August 6, 2015}}
19. ^{{cite news | url=https://www.bizjournals.com/sanjose/news/2017/05/12/silicon-valley-bank-and-svb-financial-group-name.html | title=Silicon Valley Bank and SVB Financial Group name new president, CFO | work=American City Business Journals | date=May 12, 2017}}

External links

{{Finance links
| name = SVB Financial Group
| google = SIVB
| yahoo = SIVB
| bloomberg = SIVB:US
| symbol = SIVB
| sec_cik = SIVB
}}{{50 largest US banks}}{{NASDAQ Financial-100}}

6 : 1980s initial public offerings|1982 establishments in California|Banks based in California|Banks established in 1982|Banks of the United States|Companies listed on NASDAQ

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