Profile: SVB Financial Group (SIVB.OQ)
SVB Financial Group (SVB Financial), incorporated on March 22, 1999, is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in international entrepreneurial markets. The Company offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank), which is a California state-chartered bank. The Bank and its subsidiaries, also offer asset management, private wealth management, brokerage and other investment services. Through SVB Financial's other subsidiaries and divisions, it also offers non-banking products and services, such as funds management and business valuation services. The Company's investment securities amounted to approximately $25.8 billion. Its investment securities portfolio consists of an available-for-sale securities portfolio and a held-to-maturity securities portfolio, both of which represent interest-earning investment securities, and a non-marketable and other securities portfolio, which primarily represents investments managed as part of its funds management business. The Company's total gross loan for commercial loans amounted to approximately $14.31 billion, real estate secured loans amounted to approximately $2.23 billion, construction loans amounted to approximately $78.862 million and consumer loans amounted to approximately $226.712 million. The Company's total deposits amounted to approximately $39.142 billion.
Global Commercial Bank
The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments. The Bank provides commercial bank products and services to commercial clients in the technology, life science/healthcare, and private equity/venture capital industries. The Bank provides solutions to the financial needs of commercial clients through credit, global treasury management, foreign exchange, global trade finance, and other services. Through its credit products and services, the Bank provides loans and other credit facilities to commercial clients. The Bank's credit products and services include traditional term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit and credit cards.
The Bank's global treasury management products and services include a range of deposit, receivables, payments and cash management solutions. Its products and services are accessible through its online and mobile banking platforms. Deposit products include business and analysis checking accounts, money market accounts, multi-currency, in-country bank accounts and sweep accounts. In connection with deposit services, the Bank provides receivables services, which include merchant services, remote capture, lockbox, electronic deposit capture and fraud control services. Payment and cash management products and services include wire transfer and automated clearing house payment services, as well as bill pay, business credit and debit cards, account analysis and disbursement services.
The Bank's foreign exchange and global trade products and services facilitate clients' global finance and business needs. Its products and services include foreign exchange services that allow commercial clients to manage their foreign currency needs and risks through the purchase and sale of currencies, swaps and hedges on the global inter-bank market. The Bank also offers letters of credit, including export, import, and standby letters of credit, to enable clients to ship and receive goods across the globe.
The Bank and its subsidiaries offer a range of investment services and solutions to its clients to manage assets. Through its registered investment advisory subsidiary, SVB Asset Management, the Bank offers discretionary investment advisory services based on its clients investment policies, strategies and objectives. Through its broker-dealer subsidiary, SVB Securities, the Bank offers clients access to investments in third-party money market mutual funds and fixed-income securities. The Bank also offers investment solutions through its repurchase agreement program. The Company's Private Equity Division provides banking products and services primarily to its private equity and venture capital clients. SVB Wine provides banking products and services to its wine industry clients, including vineyard development loans. SVB Analytics provides equity valuation services to companies and private equity/venture capital firms. Debt Fund Investments consists of its investments in debt funds in which it is an investor, including Gold Hill funds, which provide secured debt to private companies of various stages, and Partners for Growth funds, which provide secured debt primarily to mid-stage and late-stage companies.
SVB Private Bank
SVB Private Bank is the private banking division of the Bank, which provides a range of personal financial solutions for consumers. Its clients are primarily private equity/venture capital professionals. The Company offers a suite of private banking services, including mortgages, home equity lines of credit, restricted stock purchase loans, capital call lines of credit, and other secured and unsecured lending. The Company also helps its private banking clients meet their cash management needs by providing deposit account products and services, including checking, money market, certificates of deposit accounts, online banking, credit cards and other personalized banking services. SVB Private Bank also includes the operations of SVB Wealth Advisory, an investment advisory subsidiary of the Bank, which provides private wealth management services to individual clients.
SVB Capital is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. SVB Capital manages funds on behalf of third-party limited partner investors, and on a more limited basis for SVB Financial Group. The SVB Capital family of funds consists of direct venture funds that invest in companies and funds of funds that invest in other venture capital funds. SVB Capital generates income for the Company primarily through investment returns (including carried interest) and management fees.
SVB Financial Group
3003 TASMAN DR
SANTA CLARA CA 95054
Company Web Links
- BRIEF-SVB Financial Group qtrly shr $1.89
- BRIEF-SVB Financial plans to appoint CFO Michael Descheneaux to position of president of Silicon Valley Bank
- BRIEF-Cartiva announces financing transactions
- BRIEF-Harding Loevner reports 5.1 pct passive stake in SVB Financial Group as of December 31
- BRIEF-SVB Financial Group Q3 EPS $2.12