SVB Financial Group (SVB) history, company profile (overview) and history video
SVB Financial Group (SVB) is a financial holding company headquartered in Santa Clara, California, United States.
OPERATIONS
SVB Financial Group provides diversified financial services through its core businesses:
- Silicon Valley Bank – Commercial Banking;
- SVB Private – Private Banking & Wealth Advisory;
- SVB Securities – Investment Banking;
- SVB Capital – Venture Capital Investing.
HISTORY
Silicon Valley Bank (SVB) was founded in 1982 by Bill Biggerstaff and Robert Medearis.
In 1986, SVB merged with National InterCity Bancorp.
In 1988, it was listed on the Nasdaq.
In 2002, SVB Securities was launched.
In 2015, the bank entered into a joint venture with Shanghai Pudong Development Bank (SPDB).
In 2019, the company acquired the healthcare investment bank Leerink Partners.
In 2020, it acquired WestRiver Group’s Debt Investment Business.
In 2021, SVB acquired the equity research firm MoffettNathanson, as well as Boston Private, a provider of wealth management, trust and banking services.
In 2021, SVB also launched Nasdaq Private Market with Nasdaq, Citi, Goldman Sachs, and Morgan Stanley.
With more than 6,500 employees, Silicon Valley Bank is considered one of the largest banks in the United States. According to Forbes, SVB Financial Group is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.svb.com.
**Video published on YouTube by “Silicon Valley Bank“