Silicon Valley Bank which is a subsidiary of SVB Financial Group is a U.S-based high-tech commercial bank. Silicon Valley Bank has assisted in funding over 30,000 start-ups and it is one of the largest banks in the United States of America.
The bank is also the biggest bank in Silicon Valley and it operates in different countries.
Silicon Valley Bank focuses mainly on giving loans to technology companies. Also providing multiple services to revenue-based financing, venture capital. As well as private equity firms that invest in both technology and biotechnology.
Also on private banking services for high-net-worth individuals in its home market in Silicon Valley
In all, the financial institution is one of the largest providers of financial services to the producers of wine in Napa Valley.
Bank Type: Public
Industry: Financial Services
Year founded: 1983
Key people: Roger F. Dunbar (Chairman), Greg Becker (CEO), and Michael R. Descheneaux (President)
Headquarters: Santa Clara, California
Total assets: $84.48 billion (2020)
Total equity: $5.8 billion (2020)
Number of employees as of 2019: 3,600
Website: “www.svb.com”.
Brief History of The Financial Institution
Silicon Valley Bank is also known as “SVB” was founded by Bill Biggerstaff and Robert Medearis over a poker game in the year 1982. The bank opened its first office in 1983 on North First Street in San Jose.
The Palo Alto office opened in the year 1985. And the main strategy of the bank was receiving deposits from businesses that are financed through venture capital.
Later on, it expanded into banking and financing venture capitalists themselves. And also included services aiming at enabling the bank to keep clients as they matured from their startup phase.
Also in 1986, the bank joined with National InterCity Bancorp and it opened an office in Santa Clause.
In the year 1988, the bank finished up its IPO and was able to raise $6 million.
In the same 1988, they opened another office in San Jose.
Also, in the year 1990, Silicon Valley Bank opened its first office on the East Coast, close to Boston. Then in the following year, they went international with the launch of Trade Finance and Pacific Rim.
Operations
The financial institution operates from 29 offices in the United States of America. And also, it has its banking operations in:
- London, United Kingdom
- Beijing and Shanghai, China
- Hong Kong
- Frankfurt, Germany
- Herzliya Pituah, Israel
- Toronto, Canada
Furthermore, Silicon Valley Bank Global Services India LLP is a non-banking subsidiary of SVB Financial Group in Bangalore, India. And it provides IT and back-office support.
Silicon Valley Bank Login
Follow the steps below to Log in to the Bank:
- Visit the official website of the page “www.svb.com“.
- Once you are on the page, click on “Login” at the top right side of the page.
- Next is to select a service for login.
- Once you select a service for login, enter your “User ID and Password” then click on “Log In”.
Silicon Valley Bank Location
To locate the nearest bank branch, follow the steps below:
- Visit the official website of the bank “www.svb.com“.
- Once you are on the page, scroll down to the footer and click on “Locations” under “Contact & Support”.
- On the next page displayed, you will see the list of the bank branch displayed there.
Silicon Valley Bank Customer Service
For customer service, visit “www.svb.com”.
On the next page displayed, scroll down to the footer of the page and click on “Contact” under “Contact & Support”.
Credit Cards
Silicon Valley Bank credit card include:
SVB Innovators Card
The SVB Innovators Card will support you with more flexibility even if you are just starting or raising your next round of funding.
SVB Multi-Card Mastercard
The SVB Multi-Card Mastercard is also a good credit card to own. The credit card provides the convenience of combining both a purchase card and a T&E card.
It also helps your company scaled spending capacity fast and also with increased security.