Silicon Valley Bank (SVB), founded in 1983, historically served technology companies, venture capital, private equity, and premium wine businesses. It provided a range of financial services including commercial banking, private banking, and investment management. In March 2023, SVB experienced a bank run and was subsequently closed by U.S. regulators. Shortly thereafter, First Citizens BancShares acquired all deposits and loans of Silicon Valley Bank from the FDIC, and SVB now operates as a division of First Citizens Bank. It continues to serve its core clientele in the innovation economy, leveraging First Citizens' stability and resources.
Serves as a major operational hub for the Silicon Valley Bank division, housing client services, commercial banking teams, and specialized industry groups focused on technology and venture capital.
Modern office campus designed to foster collaboration and innovation, reflecting its client base. It's strategically located in the heart of Silicon Valley.
Historically, SVB was known for its entrepreneurial, fast-paced, and client-centric culture. Post-acquisition, efforts are focused on integrating this with First Citizens' more established banking culture, while retaining the specialized expertise SVB is known for.
The Santa Clara location remains significant as a symbol of SVB's deep roots in the tech ecosystem and continues to be a key center for its innovation-focused banking activities under First Citizens.
Historically, Silicon Valley Bank had a significant presence in key innovation hubs globally, including the US, UK, Europe, Asia, and Canada, offering commercial banking, venture debt, treasury management, and private banking. Following its acquisition by First Citizens Bank, its US operations continue. SVB's former UK subsidiary was acquired by HSBC. Other international operations' status should be verified as they integrate with First Citizens' strategy.
3003 Tasman Drive
Santa Clara
CA
USA
Address: 380 Madison Avenue, New York, NY 10017 (Example, verify current operational status)
To provide dedicated banking solutions and build relationships within the thriving East Coast innovation ecosystem.
Address: Finsbury Circus House, 15 Finsbury Circus, London EC2M 7EB, UK (Note: SVB UK was acquired by HSBC)
Previously focused on supporting the European innovation economy. (This role is now under HSBC for the UK entity).
Address: One Post Office Square, Boston, MA 02109 (Example, verify current operational status)
To provide specialized financial services and venture debt to innovative companies in a key East Coast tech hub.
Address: 555 Mission St, San Francisco, CA 94105 (Example, verify current operational status)
Core to SVB's operations, providing comprehensive banking services to the heart of the global tech industry.
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As of April 2025, Silicon Valley Bank' leadership includes:
Silicon Valley Bank has been backed by several prominent investors over the years, including:
The last 12-18 months saw unprecedented executive changes at Silicon Valley Bank, primarily due to its failure in March 2023 and subsequent acquisition by First Citizens Bank. This involved the departure of its previous leadership and the appointment of new executives by First Citizens to lead the SVB division.
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Silicon Valley Bank, as a division of First Citizens Bank, may utilize email formats from both legacy SVB systems and First Citizens' systems. Common professional email formats often include [first_initial][last] or [first].[last].
[first_initial][last]@svb.com or [first].[last]@svb.com (also potentially @firstcitizens.com for some roles)
Format
jdoe@svb.com or john.doe@svb.com
Example
75%
Success rate
FDIC • March 27, 2023
The Federal Deposit Insurance Corporation (FDIC) announced that First-Citizens Bank & Trust Company, Raleigh, NC, entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association. The 17 former branches of Silicon Valley Bridge Bank, N.A., opened as Silicon Valley Bank, a division of First Citizens Bank, on Monday, March 27, 2023....more
California Department of Financial Protection and Innovation • March 10, 2023
The California Department of Financial Protection and Innovation (DFPI) announced it had taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency. The DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver....more
First Citizens BancShares • October 26, 2023
First Citizens BancShares reported its Q3 2023 earnings, noting strong deposit growth and progress in integrating Silicon Valley Bank operations. The report highlighted the retention of SVB talent and client relationships, and the combined entity's focus on serving the innovation economy....more
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