First Citizens Bank announced its Q2 2024 earnings last week. From Chairman and CEO Frank Holding, Jr.: “We are pleased with our second quarter financial results, which reflected broad-based loan and deposit growth, strong profitability metrics and continued stabilization of credit…we were encouraged by the continued progress in our SVB Commercial segment, which achieved both loan and deposit growth.” Read more about SVB’s quarterly results below.
About us
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens Bancshares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com. Please contact client service at https://www.svb.com/client-service/help-desk/ for all account questions. To ensure your information is secure, please do not include any personal account information in posts or messages. Please visit https://jobs.firstcitizens.com/ if you are interested in a career at SVB. Comments are moderated and will be removed if they are off-topic or abusive.
- Website
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http://www.svb.com
External link for Silicon Valley Bank
- Industry
- Banking
- Company size
- 5,001-10,000 employees
- Headquarters
- Santa Clara, CA
- Type
- Public Company
- Specialties
- Banking services for technology and life science companies, Working with startups, Financial services for venture capital firms, Foreign Exchange, Commercial Banking, International Banking, Treasury Management, Credit Solutions, Commercial Cards, Venture Debt, and Banking for startups
Locations
Employees at Silicon Valley Bank
Updates
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At SVB we pride ourselves on being with our clients for both the journey and the destination. With this in mind, we had a fleet of #YesSVB cars at New York Tech Week to help our clients and employees get around the city. Watch the video to see the cars in action and visit our website to learn more about how we support the innovation economy 👉 https://lnkd.in/gvqNuBAh #NYTechWeek #TechWeek
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Seattle Tech Week is right around the corner and our team is excited to connect with and celebrate the city’s startup ecosystem. We are hosting a variety of events including a climate tech panel, life sciences happy hour, karaoke night, rooftop party and more. Join us: https://lnkd.in/gJxXXApn #SeattleTechWeek
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Silicon Valley Bank President Marc Cadieux on The Sand Hill Road Podcast: "SVBers are committed to our mission to serve the innovation economy and contribute to the success of our clients who are literally creating the future and the investors that back them.” Listen to Marc's full interview with Scott McGrew 👇
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Hosted by SVBer Bo Ren, our July Fundraising Workshop is focused on how early-stage #startups can effectively find product-market fit. Join us in person in NY or via Zoom on 7/16 for expert insights from guest speakers Hayley Bay Barna and Rob Broderick. RSVP here: https://bit.ly/3RZeIbt
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"Silicon Valley Bank is back and taking its parent company to new heights." The San Francisco Business Times published an extended version of its feature story on First Citizens Bank and SVB in last week's print edition. Read the cover story 👉 https://lnkd.in/gZNzsCVK #YesSVB Frank Holding, Jr. Marc Cadieux
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We closed out June by hosting our annual Pride Parade Watch Party in San Francisco 🏳️🌈 Thanks to our friends at StartOut and to everyone who joined us at the SVB Experience Center to celebrate the LGBTQ+ community.
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From Business Insider: “According to a new report by Silicon Valley Bank, the number of investments made into startups leveraging AI has grown twice as much in healthcare as tech since 2019.” Read Business Insider’s exclusive article about our new report to learn why investors are so optimistic about AI’s healthcare applications. https://lnkd.in/giKZh9QN #SVBHealthcare #AI #healthcare
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Tough to beat the venue for our ‘Art, Tech and Assets’ event in Hollywood 🤩🎨 Co-hosted by SVBer Ronnie Harris II, the gathering focused on the synergies between art and tech entrepreneurship. Thank you to the panelists and talented artists who made such a fantastic evening possible! #YesSVB
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With investors increasingly returning to the hardware sector, hardware-as-a-service #startups are raising more #VC money at higher valuations than other frontier tech companies. SVB's Jack Garza: “With these tailwinds propelling the sector forward, the benefits of recurring revenue are continuing to gain traction among hardware founders.” Read our new report for a full update on the state of HaaS and to hear VCs, founders and SVBers share their thoughts on the business model: https://lnkd.in/gsXzTsmg