Silicon Valley Bank - SVB Private Bank - Hello World Credit, In sharing this time entitled Silicon Valley Bank - SVB Private Bank, hopefully posting content that I can write you understand

Title : Silicon Valley Bank - SVB Private Bank

Silicon Valley Bank - SVB Private Bank

Silicon Valley Bank (NASDAQ: SIVB) is a U.S.-based high-tech commercial bank with offices in a number of other countries. The bank has helped fund more than 30,000 start-ups. SVB Financial is the holding company for the bank.

Operations

2012 Launch of Silicon Valley Bank's UK Branch - Now Silicon Valley Bank can provide the same tailored commercial banking products and financing services already enjoyed by thousands of innovative ...
The company focuses on lending to technology companies, providing multiple services to venture capital 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. 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.
By June 2009, the bank was third in market share in the San Jose, California area, with deposits in the region of $7.1 billion, an 8.11% share of the market. A year earlier it was ranked No. 7, with $4.5 billion in deposit, a 5.67% share.
As of October 2011, the bank had more than 1,400 employees. As September 2012, it had offices in the United Kingdom, Israel, China and India, plus more than 20 offices in the United States, and $21.6 billion in total assets.

History

Silicon Valley Bank (SVB) was founded in 1982; its first office opened in 1983. 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.
In 1993, the bank's founding CEO, Roger V. Smith, was replaced by John C. Dean; Smith became Vice Chairman of the bank. Smith left in 1994 to launch the Smith Venture Group.
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, through an office opened in downtown San Jose in 1988.
In 2004, the bank opened international subsidiaries in Bangalore, India, and London; in 2005 it opened offices in Beijing and Israel. In 2006, the bank began operations in the UK and opened its first branch there in 2012.
In December 2008, SVB Financial said it would get $235 million from the U.S. Treasury through the Troubled Asset Relief Program (“TARP”). In December 2009, the bank repaid the loan, and repurchase the outstanding stock warrants held by the government, funding this through a stock sale of $300 million in November.
In March 2011, the bank was named "Bank Of The Year" by the Ex-Im Bank. In April, Ken Wilcox, who had been CEO since 2000, left that position, while remaining Chairman of the Board; he was replaced by Greg Becker.
In November 2012, the bank announced a 50:50 joint venture with Shanghai Pudong Development Bank (SPDB) which will provide capital to start-up technology entrepreneurs. It plans to begin with lending to tech businesses in the Shanghai region, and then expand to other Chinese cities.

so articles Silicon Valley Bank - SVB Private Bank

World CreditSilicon Valley Bank - SVB Private Bank, hopefully can provide benefits to all of you..

You're reading an article Silicon Valley Bank - SVB Private Bank and this article is a url permalink http://worldcredit.blogspot.com/2015/07/silicon-valley-bank-svb-private-bank.html Hopefully this article This can be useful.

Share on: Facebook Twitter Google+ Linkedin Technorati Digg LintasMe

Related Articles :