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SVB Financial Group
2270 SAND HILL ROAD
Phone: (650) 567-6900p:650 567-6900 MENLO PARK, CA  94025  United States Ticker: SIVBQSIVBQ

Filed for Bankruptcy on 3/17/2023
Case #23-10367, filed in the U.S. Bankruptcy Court for the Southern District of New York (Manhattan)
On March 10, 2023, Silicon Valley Bank, the subsidiary bank of SVB Financial Group, was closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from the Bank.
On 3/27/2023, First-Citizens Bank & Trust Company (FCB), a North Carolina chartered commercial bank and direct, wholly owned subsidiary of First Citizens BancShares, Inc., assumed all customer deposits and certain other liabilities, and acquired substantially all loans and certain other assets, of Silicon Valley Bridge Bank, N.A. ("Silicon Valley Bridge Bank"), as successor to Silicon Valley Bank (the "Failed Bank"), a subsidiary of SVB Financial Group.

Business Summary
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank). The Company's segments include Silicon Valley Bank, SVB Private and SVB Capital. The Silicon Valley Bank segment is its commercial bank, which offers products and services provided by the Bank and its subsidiaries to commercial clients. The SVB Private segment is its private banking and wealth management division of the Bank and provides an array of personal financial solutions for consumers. SVB Capital is the funds’ management business of SVB Financial Group, which focuses primarily on venture capital investments.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
---YesYes--

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202212/31/2022YesYesYes-Yes

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board Beverly K.Matthews 64 4/21/2022 9/10/2019
Interim Chief Financial Officer NicholasGrossi 44 4/20/2023 4/20/2023
President of Silicon Valley Bank Michael R.Descheneaux 54 6/5/2017 4/30/2007
9 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
SVB Financial Group CA United States
FIRST PRIVATE BANK&TRUST 16000 VENTURA BOULEVARD ENCINO CA US
First State Bancorp/CA 10820 Zelzah Ave. Granada Hills CA United States
8 additional Subsidiary records available in full report.

Business Names
Business Name
Anchor Capital Advisors LLC
Arizona Innovation Credit Fund, L.P.
Banyan Partners, LLC
170 additional Business Names available in full report.

General Information
Number of Employees: 8,553 (As of 12/31/2022)
Outstanding Shares: 59,200,925 (As of 1/31/2023)
Shareholders: 320,260
Stock Exchange: OTC
Federal Tax Id: 911962278
Fax Number: (302) 655-5049
Email Address: lbertol@svbank.com


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Thursday, March 28, 2024