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SVB Financial Group (SVB or SVBFG) is a financial services holding company headquartered in New York City. [2] 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.
Silicon Valley Bank (SVB) is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group, a publicly traded bank holding company that had offices in 15 U.S. states and over a dozen international jurisdictions. [7] [8] [9]
Silicon Valley Bank's holding company, SVB Financial Group, was a component of the S&P 500. At the time of the collapse, its largest shareholders included The Vanguard Group, BlackRock, and State Street Corporation, which owned the stock in large exchange traded funds that track the performance of S&P 500. [131]
Wilcox made his name by pushing a tech-focused strategy that ushered in an era of rapid growth at SVB Financial Group, the parent of the now-infamous SVB. He spent more than 30 years at the bank ...
COO of Svb Financial Group (30-Year Financial, Insider Trades) Philip C Cox (insider trades) sold 5,285 shares of SIVB on 02/02/2021 at an average price of $467.9 a share.
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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]
From 2004 to 2014, its stock price rose 650 percent, a return 10 times the S&P 500 and double Silicon Valley Bank's parent, SVB Financial Group, the next highest-performing institution; a 2014 article in Crain's New York Business hailed Signature as "New York's most successful bank". [14] Signature Bank stock price