# Silicon Valley Bank

> American banking service

**Wikidata**: [Q17112054](https://www.wikidata.org/wiki/Q17112054)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Silicon_Valley_Bank)  
**Source**: https://4ort.xyz/entity/silicon-valley-bank

## Summary

Silicon Valley Bank was founded on February 22, 1983.[1][2] It operates in the financial services industry.It is a California general stock corporation.[2][3] Its parent organization is SVB Financial Group.[4]

## Summary
Silicon Valley Bank (SVB) was an American commercial bank and financial services provider founded in 1983, specializing in serving the technology, venture capital, and life sciences sectors. Headquartered in Santa Clara, California, it operated as a subsidiary of SVB Financial Group until its collapse and subsequent closure by regulators on March 10, 2023. The bank was succeeded by new entities following its acquisition by the Federal Deposit Insurance Corporation (FDIC).

## Key Facts
- **Full Name**: Silicon Valley Bank
- **Aliases**: SVB, Silicon Valley Bank, Banco de Silicon Valley, Banco Silicon Valley, Ngân hàng Silicon Valley, Ngân hàng Thung lũng Silicon
- **Inception Dates**: Founded February 22, 1983; officially opened for business October 17, 1983
- **Closure Date**: March 10, 2023 (collapsed and seized by regulators)
- **Parent Organization**: SVB Financial Group (American bank holding company)
- **Headquarters Locations**:
  - Santa Clara, California (1995–2023; located at 3003 West Tasman Drive)
  - San Jose, California (1983–1995; located at North First Street)
  - New York City (Post-collapse operational shift; 387 Park Avenue South)
- **Industry**: Financial services
- **Stock Ticker**: SVB_Financial (Parent company)
- **Employees**: 8,553 (as of December 31, 2022); 6,567 (as of December 31, 2021)
- **Legal Identifier (CIK)**: 0000719739 (Parent)
- **SWIFT/BIC Code**: SVBKUS6SXXX
- **Oversight**: Regulated by the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve
- **Replaced By**: New entities established after the FDIC takeover (Q117051261, Q117087449)
- **Notable Subsidiary**: Shanghai Innovation Bank (formerly a Sino-American joint venture)
- **Named After**: Silicon Valley region in California
- **Website**: https://www.svb.com/ (archived/redirected post-collapse)
- **Social Media Handles**: @SVB_Financial (Twitter/X), siliconvalleybank (Instagram), silicon-valley-bank (Facebook)

## FAQs
**What was the primary focus of Silicon Valley Bank's business model?**
Silicon Valley Bank specialized in providing banking services specifically tailored to the technology, venture capital, and life sciences industries. Unlike traditional banks, it catered to startups and high-growth companies that often lacked traditional revenue streams but possessed significant venture capital backing.

**When and why did Silicon Valley Bank cease operations?**
The bank collapsed and was closed by regulators on March 10, 2023, following a rapid bank run triggered by liquidity concerns and asset-liability mismatches. The Federal Deposit Insurance Corporation (FDIC) seized the institution to protect depositors and manage the resolution of its assets.

**Where was Silicon Valley Bank headquartered throughout its history?**
The bank was originally established in San Jose, California, in 1983 before moving its headquarters to Santa Clara in 1995, where it remained until its collapse in 2023. Following the seizure, operational references shifted to New York City, though the primary legacy location was Santa Clara.

**Who owned and controlled Silicon Valley Bank?**
Silicon Valley Bank operated as a subsidiary of SVB Financial Group, a publicly traded American bank holding company founded in 1983. The holding company managed the bank's operations and reported to the U.S. Securities and Exchange Commission.

**What happened to the bank's assets and customers after the collapse?**
The FDIC took control of the bank and established a bridge bank to facilitate the transfer of deposits and assets to a new entity. This action ensured that insured depositors retained access to their funds while the institution was resolved under federal supervision.

## Why It Matters
Silicon Valley Bank was a critical financial infrastructure component for the global technology and innovation ecosystem, serving as the primary banking partner for a vast majority of venture-backed startups and established tech firms. Its collapse in March 2023 represented the largest bank failure in U.S. history since the 2008 financial crisis, triggering a systemic shock that exposed vulnerabilities in the banking sector regarding interest rate risk and concentration in the tech industry. The event forced a global re-evaluation of bank liquidity management, regulatory oversight for regional banks, and the stability of the venture capital funding model. Its demise reshaped the financial landscape for technology companies, necessitating a shift in how startups manage cash reserves and banking relationships.

## Notable For
- **Sector Specialization**: Being the dominant financial institution exclusively focused on the technology, venture capital, and life sciences sectors.
- **Historical Significance**: Holding the record for the second-largest bank failure in U.S. history at the time of its collapse in 2023.
- **Regional Dominance**: Serving as the primary bank for a significant percentage of U.S. venture-backed startups and private equity firms.
- **Geographic Roots**: Operating from the heart of Silicon Valley, specifically Santa Clara, for nearly three decades.
- **Global Reach**: Maintaining a subsidiary presence in China through Shanghai Innovation Bank.
- **Corporate Structure**: Functioning as the core operating subsidiary of the publicly traded SVB Financial Group.
- **Regulatory Impact**: Its failure directly influenced subsequent regulatory changes and stress testing requirements for U.S. banks.
- **Brand Recognition**: Possessing one of the most recognizable logos and brand identities within the global startup community.

## Body

### History and Formation
Silicon Valley Bank was established on February 22, 1983, with its first official business operations commencing on October 17, 1983. The institution was founded to address the unique banking needs of the emerging technology sector in the San Francisco Bay Area, which traditional banks often overlooked due to the high-risk nature of startups. The bank was named after the region it served, Silicon Valley, reflecting its deep integration with the local innovation economy. It began operations in San Jose, California, serving as the county seat of Santa Clara County, before expanding its footprint.

### Corporate Structure and Ownership
The bank operated as a subsidiary of SVB Financial Group, a bank holding company that was incorporated in 1983. SVB Financial Group was a publicly traded entity, allowing it to raise capital from public markets to support the bank's lending and deposit-taking activities. The holding company's headquarters were located in Santa Clara, California, at 3003 West Tasman Drive, a location that served as the central hub for the bank's operations from 1995 until its closure. Prior to 1995, the holding company and bank were based in San Jose. Following the collapse in March 2023, the holding company's operational focus shifted, with references to a New York City location at 387 Park Avenue South becoming prominent in post-collapse records.

### Operational Timeline and Locations
The bank's physical presence evolved over four decades. It was founded in San Jose in 1983, reflecting the city's status as a tech hub at the time. In 1995, the headquarters moved to Santa Clara, a strategic decision to be closer to the core of the Silicon Valley tech corridor. The Santa Clara location at 3003 West Tasman Drive became the iconic address associated with the bank. The bank maintained a significant workforce, employing 8,553 people as of the end of 2022, a number that had grown from 6,567 in 2021 and 590 in 1998. The collapse on March 10, 2023, marked the end of its operations at these locations, leading to the seizure of assets by the FDIC.

### Subsidiaries and International Presence
Silicon Valley Bank expanded its reach beyond the United States through subsidiaries and joint ventures. A notable entity was Shanghai Innovation Bank, a Chinese commercial bank that was formerly a Sino-American joint venture. This subsidiary allowed the bank to facilitate cross-border financial services for technology companies operating between the U.S. and China. The bank's international ambitions were part of a broader strategy to support the global expansion of its tech-sector clients.

### Financial Metrics and Regulatory Status
As a regulated financial institution, Silicon Valley Bank was subject to oversight by the Federal Reserve and the FDIC. It was a member of several industry groups and associations, including the American Bankers Association and the Federal Home Loan Bank of San Francisco. The bank's financial health was closely monitored, with employee counts and asset values reported to the SEC. The collapse in 2023 was precipitated by a rapid withdrawal of deposits, leading to a liquidity crisis that regulators could not resolve without seizing the institution. The FDIC appointed itself as receiver, and the bank was replaced by new entities to manage the resolution process.

### Digital and Media Presence
Silicon Valley Bank maintained a robust digital footprint, with an official website at https://www.svb.com/ and active social media accounts on platforms like Twitter, Instagram, and Facebook. The bank's logo evolved over the years, with distinct versions used from the 1990s through 2022, reflecting its branding strategy. The bank was also featured in various databases and encyclopedias, including the Computer History Museum's collection, highlighting its historical significance in the tech industry. Its presence in knowledge graphs and semantic web systems included identifiers such as the Freebase ID /m/02_5tk1 and the Wikidata item Q117051261 (post-collapse successor).

### Post-Collapse Resolution
Following the seizure on March 10, 2023, the FDIC established a bridge bank to continue operations and protect depositors. The assets and liabilities of Silicon Valley Bank were transferred to new entities, ensuring continuity for customers. The holding company, SVB Financial Group, ceased to operate in its previous form, and its stock was delisted. The event marked a pivotal moment in U.S. banking history, leading to increased scrutiny of regional banks and their risk management practices. The legacy of Silicon Valley Bank remains a case study in the intersection of finance, technology, and regulatory oversight.

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1. [Source](https://www.svb.com/news/company-news/svb-financial-group-unveils-new-logo)
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4. [Source](https://developer.svb.com/faq/uk-open-banking-notice)
5. [Source](https://banks.data.fdic.gov/bankfind-suite/bankfind/details/24735)
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9. California Business Search
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