Silicon Valley Bank

Silicon Valley Bank (SVB) provides banking and financial services designed specifically for technology, life sciences, and venture capital firms. Known for supporting high-growth startups, SVB offers various services, including lending, cash management, and investment services. The bank has built strong relationships with venture-backed startups, making it a trusted partner in Silicon Valley and a preferred choice for nearly half of all venture-backed tech companies. SVB connects clients with an extensive network of venture capital firms, law firms, and other resources essential to supporting innovative businesses.

Silicon Valley Bank operates within the commercial banking and financial services industry, with a specialized focus on the technology and innovation sectors. It serves as a vital financial partner for tech startups, life sciences companies, and venture capital firms, offering tailored banking solutions that align with the unique needs of high-growth and innovative companies.

Daniel Beck was named Chief Financial Officer of Silicon Valley Bank prior to its acquisition. Under First Citizens BancShares, the role of CFO for SVB and integration into the broader financial structure of First Citizens has evolved, with overarching financial management coordinated through the parent company's executive team.

Silicon Valley Bank uses technologies like Amazon Elastic Load Balancing, Azure Kubernetes Service, Apache Storm, AnsibleWorks, VMware vCenter Protect Essentials Plus, Apache Hbase, Verizon, CA SiteMinder, IBM WebSphere DataPower, HP Unified Functional Testing, AWS Elastic Beanstalk, Cisco Unified Contact Center Express, Perl, Everbridge, SAP Data Integrator, Cisco Catalyst 3560, Parasoft, and more.

Silicon Valley Bank's headquarters were originally in the San Francisco Bay Area, a central location for serving the technology industry. Following the acquisition by First Citizens BancShares, SVB's operations continue under First Citizens Bank's corporate structure, which is headquartered in Raleigh, North Carolina. However, SVB maintains a significant presence in Silicon Valley to stay connected with its core client base in the tech ecosystem.