Silicon Valley Bank
Silicon Valley Bank (SVB) was a commercial bank headquartered in Santa Clara, California. SVB was on the list of largest banks in the United States and was the biggest bank in Silicon Valley based on local deposits, with a 25.9% market share as of June 30, 2016.[1] It was a subsidiary of SVB Financial Group, a bank holding company.[2] On March 10, 2023, after a bank run on its deposits, it suffered from bank failure and was taken over by the Federal Deposit Insurance Corporation in the second largest bank failure in American financial history.[3]| footnotes = [4]
| Silicon Valley Bank | |
|---|---|
 | |
| Stato |  Stati Uniti
|
| Forma societaria | Società pubblica |
| Borse valori | NASDAQ |
| Fondazione | |
| Fondata da |
|
| Sede principale | Santa Clara, California |
| Gruppo | SVB Financial Group |
| Persone chiave |
|
| Fatturato | US$ 7,40 miliardi (2022) |
| Utile netto | US$ 1,51 miliardi (2022) |
| Dipendenti | 8.553 (dicembre 2022) |
| Sito web | [svb.com svb.com]. |
The company focused 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.[5][6][4] In addition to taking deposits and making loans, the bank operated venture capital and private equity divisions that sometimes invested in the firm's commercial banking clients.[7]
The bank operated from 29 offices in the United States and from offices in India, the United Kingdom, Israel, Canada, China, Germany, Hong Kong, Ireland, Denmark, and Sweden.[4][8][9]
- ^ Bryce Druzin, Big growth in Silicon Valley deposits for J.P. Morgan but Comerica takes a hit, in American City Business Journals, October 3, 2016.
- ^ Big growth in Silicon Valley deposits for J.P. Morgan but Comerica takes a hit, in American City Business Journals, October 3, 2016.
- ^ FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California, su fdic.gov. URL consultato il March 10, 2023.
- ^ a b c SVB Financial Group 2022 Annual Report (Form 10-K), su sec.gov, U.S. Securities and Exchange Commission, March 1, 2022.
- ^ E. Scott Reckard, At Silicon Valley Bank, risky tech start-ups are lucrative business, in Los Angeles Times, August 8, 2015.
- ^ Lighter Capital partners with Silicon Valley Bank to offer startups debt financing and banking services, January 30, 2019.
- ^ Richard McGill Murphy, Silicon Valley Bank: The bank for startups, in Fortune, October 22, 2012.
- ^ Silicon Valley Bank Opens in Canada, su prnewswire.com, PR Newswire, March 4, 2019.
- ^ SVB Financial Group Expands IT and Engineering Team to Support Growth of the Innovation Economy, su prnewswire.com, PR Newswire, 10 January 2019.