Silicon Valley Bank: Helping Innovative Businesses Succeed

Silicon Valley Bank is an international high-tech commercial bank with operations in the United States, in China, India, Israel and in the United Kingdom. This financial institution is a subsidiary of the SVB Financial Holding company. The company is publicly traded on the NASDAQ under the symbol SIVB.

As the name suggests, the home market of the company is the Silicon Valley, where it offers private banking services to high-net-worth individuals. These individuals are typically categorized as those who have investable finances of more than $1 million. That said, the company only caters to the financial services needs of those upper class individuals the country. The majority of the operations of the company revolves around financing technology companies. There are more than 30,000 starting up businesses that the bank has aided.

Silicon Valley Bank provides multiple services to private equity firms and venture capital that are focused on biotechnology and technology startups. There are also commercial banking clients that the business supports through venture capital and private equity. In total, the company has more than $21.6 billion in assets and more than 1,400 employees. In the San Jose, California region, the business has over $7.1 billion in deposits and ranks third in market share with about 8.11% market. For 30 years, the business has conducted transactions for the world’s most innovative companies. It has been strongly committed to increasing the success of innovative companies and make them compete in the global market.

The target industries of the company are the premium wine, software, hardware, cleantech, venture capital & private equity and those that thrive in the life science and healthcare. Their services include connection and research, valuations, funds management, credit, treasury management, international banking and private banking. The company is also known as the first bank to offer chip-enabled credit cards in the United States.