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Second Harvest of Silicon Valley (abbreviated SHSV) is a food bank based in San Jose, California, that serves Santa Clara and San Mateo counties, including Silicon Valley and the San Francisco Peninsula. With $136 million in revenue in 2019, it is the largest food bank in the San Francisco Bay Area and the 12th largest in the United States.
The company's main business unit was the commercial bank Silicon Valley Bank, until the bank failed in March 2023 after a bank run. [5] [6] The company was a member of the S&P 500 index until March 15, 2023. [7] [8] According to public filings, as of December 31, 2022, SVB Financial Group had 164 subsidiaries. [9]
Silicon Valley Bank was a member of the Federal Reserve System, with the bank's CEO serving as a class A member of the Federal Reserve Bank of San Francisco Board of Directors. [65] It was also a member of several trade associations: TechNet, the Silicon Valley Leadership Group , the Bay Area Council , Tech:NYC , the Mid-Size Bank Coalition of ...
The Bank remains highly rated with BauerFinancial, and Depositaccounts.com and serves its customer base through its offices located at: 1629 Colusa Avenue, Yuba City, CA; 580 Brunswick Rd, Grass Valley, CA; 905 Lincoln Way, Auburn, CA; 904 B Street, Marysville, CA; 401 Ryland Street, Ste. 205, Reno, NV (Loan Production Office)
The FDIC notified Silicon Valley Bank employees that they would be let go in 45 days' time; in the meantime, it offered salaried employees a 50% raise and hourly employees double pay for any overtime. [64] The Federal Reserve Bank of San Francisco stated that the bank's CEO Greg Becker was no longer on its board of directors. [65]
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Gregory W. Becker (born 1966 or 1967 [1]) is an American business executive who was the chief executive officer of SVB Financial Group and its chief banking subsidiary Silicon Valley Bank (SVB) from 2011 to 2023. [2] He also was a board member of the Federal Reserve Bank of San Francisco before SVB’s collapse in 2023. [3] [4]
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