- CEO
- Philip C. Cox
- Full Time Employees
- 8,553
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 3003 Tasman Drive Santa Clara CA United States of America 95054-1191
- IPO Date
- Dec 13, 2019
- Business
- SVB Financial Group is a financial services company primarily engaged in commercial banking, lending, investment, and financial advisory services with a focus on serving the innovation economy, including venture-backed businesses, private equity, and private credit investors. Its product and service offerings include commercial banking products such as deposit accounts, cash management, loans, and global banking and trade finance services; lending solutions tailored for technology, venture capital, private equity, life sciences, and cleantech industries; investment services through its broker-dealer subsidiary, including access to money market mutual funds and fixed-income securities; as well as liquidity and asset management solutions designed for high-growth companies. The company also provides foreign exchange services, fraud prevention tools, and online banking solutions with specialized integration tools and platforms to support its clients' business growth and international expansion.
Founded in 1983 and headquartered in Santa Clara, California, SVB Financial Group historically operated Silicon Valley Bank as its main commercial banking unit. However, Silicon Valley Bank was placed into receivership by the Federal Deposit Insurance Corporation (FDIC) in March 2023 following a bank run, which led SVB Financial Group to file for Chapter 11 bankruptcy and undertake a court-supervised reorganization. As part of this restructuring, SVB Financial Group completed the sale of its investment platform business, SVB Capital, in 2024 to affiliates of Pinegrove Capital Partners, backed by capital from Brookfield Asset Management and Sequoia Heritage, marking a strategic divestment from its venture capital investment business. Additionally, the management team acquired SVB Securities and rebranded it as Leerink Partners to focus on healthcare investment banking. In 2025, SVB Financial Group terminated the FDIC shared-loss agreement on commercial loans and assets, furthering its operational transition post-bankruptcy. The company continues to manage certain legacy assets and legal matters related to the prior Silicon Valley Bank structure.
SVB Financial Group operates primarily in the United States with historical influence in key international entrepreneurial markets, serving a client base of startups, venture-backed enterprises, and established public companies in innovation-driven industries. The company maintains subsidiaries and investment advisory operations to support asset management and investment needs across its target sectors. The ongoing restructuring and business divestitures reflect a significant shift in SVB Financial Group's strategic focus following the 2023 banking crisis and the loss of its core banking operation. These changes position the company in a phase of asset disposition and legal resolution while maintaining residual functions from its legacy operations.