Delivering Comprehensive Financial Services to the Innovation Economy, SVB Financial Group Rebrands to Reflect Growth

Rhea-AI Summary

SVB Financial Group announced a comprehensive rebranding of its four primary businesses—Silicon Valley Bank, SVB Capital, SVB Private, and SVB Securities—under the unified SVB brand. This change reflects their evolution beyond a commercial bank for startups, intending to showcase their extensive financial services platform. With over $211 billion in total assets and a workforce of 6,500 globally, SVB aims to enhance client success in the innovation economy. The rebrand aligns with SVB's 40th anniversary and aims to better serve their diverse clientele's needs.

Positive

• SVB has over $211 billion in total assets as of December 31, 2021.
• Investment in building a comprehensive financial services platform.
• Enhanced brand visibility and cohesive marketing strategy with the unified SVB brand.

Negative

• None.

"SVB" to represent the company's full offering:
Silicon Valley Bank, SVB Capital, SVB Private, and SVB Securities

SANTA CLARA, Calif., April 19, 2022 /PRNewswire/ -- SVB Financial Group (SVB), the financial partner of the innovation economy, today announced a rebrand of its four primary businesses — Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities — under the brand name SVB.

"Over the past several years, SVB has invested heavily in our business to build a comprehensive financial services platform to help our clients achieve their goals," said Greg Becker, President and CEO of SVB. "We have evolved far beyond our roots as a commercial bank for startups. As we approach our 40^th year in business, we are using the brand "SVB" to better reflect the full power of our suite of services across our four complementary businesses."

With more than $211 billion in total assets (as of December 31, 2021) and more than 6,500 employees globally, SVB strives to provide a level of partnership that improves the probability of its clients' success. Today SVB is located in nine countries and is widely recognized as a champion of the innovation sector, a leader in corporate social responsibility and a great place to work.

SVB's core businesses include: 

• Silicon Valley Bank – global commercial banking, expertise and insights for venture capital and private equity investors and the world's most innovative companies in the technology, life science and healthcare, and premium wine industries.
• SVB Capital – venture capital and credit investing platform with $7.5 billion in assets under management, providing multiple options for investors to access and grow capital. 
• SVB Private – private banking, wealth planning, trust, brokerage and investment management services focused on the unique needs of innovation economy entrepreneurs, executives and investors. SVB Private, formerly SVB Private Bank, manages $19.6 billion in assets for clients following the acquisition of Boston Private in 2021. 
• SVB Securities – investment banking dedicated to the innovation economy, providing healthcare and technology companies with differentiated sector knowledge, deep expertise and an extensive suite of capital market and advisory solutions. SVB Securities, formerly SVB Leerink, was renamed in February 2022.

While SVB will go to market under the SVB brand name, SVB Financial Group remains the legal entity name of the holding company.

About SVB
SVB is the financial partner of the innovation economy, helping individuals, investors and the world's most innovative companies achieve their ambitious goals. SVB's businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global.

© 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. SVB Financial Group (SVB) (Nasdaq: SIVB) is the holding company for all business units and groups.

Banking, lending and trust products or services are offered by Silicon Valley Bank, a California bank with trust powers.

SVB Wealth Advisory, Inc. (member FINRA and SIPC; SEC-registered investment adviser) offers brokerage and investment management products and services, and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Boston Private Wealth LLC (an SEC-registered investment adviser) offers wealth management services and is also a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Together, Silicon Valley Bank, SVB Wealth Advisory, and Boston Private Wealth make up the SVB Private offering. 

Investments offered through SVB Wealth Advisory and Boston Private Wealth are not:

Not FDIC Insured

Not Bank Guaranteed

May Lose Value

None of Silicon Valley Bank, SVB Wealth Advisory, Boston Private Wealth or any of their respective affiliates provide legal advice. Estate planning requires legal assistance. Please consult your tax or legal advisors for such guidance.

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SOURCE Silicon Valley Bank

FAQ

What is the significance of the SVB rebranding announced on April 19, 2022?

The rebranding emphasizes SVB's growth and its evolution beyond traditional banking, reflecting a broader suite of financial services.

How much total assets does SVB have as of December 31, 2021?

SVB has over $211 billion in total assets as of December 31, 2021.

What are the main businesses under the SVB brand?

The main businesses include Silicon Valley Bank, SVB Capital, SVB Private, and SVB Securities.

When was the rebranding of SVB announced?

The rebranding was announced on April 19, 2022.

What is SVB's focus in its financial services?

SVB focuses on serving the innovation economy, providing services such as commercial banking, venture investing, and wealth management.