SVB History and Timeline

SVB Financial Group has been instrumental in the technology, life science and premium winery industries for over 25 years. We're proud of our accomplishments, building a global financial services company with the entrepreneur in mind, from an inspired idea among friends at a poker game. We're looking forward to the next 25 years and are optimistic about the opportunities that lie ahead for our clients, the industries we serve, and for our company.

1982

• Incorporated on April 23, 1982

1983

• Bill Biggerstaff, Robert Medearis and CEO Roger Smith opened 1st office in San Jose, CA

1984

• Shares began trading OTC

1985

• Opened Palo Alto, CA regional office

1986

• Merged with National InterCity Bancorp
• Opened 3rd office in Santa Clara, CA

1987

• Shares began trading on Nasdaq under the symbol SIVB

1988

• Opened 4th and 5th offices in Palo Alto and San Jose, CA
• Completed IPO and raised $6 million in equity capital

1989

• Opened 6th office at 3000 Sand Hill Road, Menlo Park, CA, to serve the venture capital community

1990

• Opened two additional offices in Wellesley, MA, and Newport Beach, CA

1991

• Formed Pacific Rim Group and Trade Finance Group
• Opened 9th office in Beaverton, OR

1992

• Reengineered process and technology infrastructure to support continued growth

1993

• Named John C. Dean President and CEO

1994

• Established Premium Wine practice

1995

• Named Daniel Kelleher Chairman of the Board
• Opened San Diego, CA office

1996

• Opened new offices: Rockville, MD, Beverly Hills, CA, Austin, TX, Bellevue, WA, and Boulder, CO

1997

• Opened offices in Atlanta, GA, Philadelphia, PA, and Phoenix, AZ

1998

• Opened new offices in Los Angeles, CA, and Rosemont, IL
• Raised $38.5 million in Cumulative Trust Preferred - SVB Capital I
• Adopted a Shareholder Rights Plan

1999

• Opened new offices: San Francisco, CA, Sonoma, CA, Minneapolis, MN, and Dallas, TX
• Named Ken Wilcox President of Silicon Valley Bank
• Harry Kellogg became Vice Chairman of Silicon Valley Bank
• Reincorporated in Delaware
• Raised $55.1 million in a public offering of 1.4 million shares of common stock

2000

• Opened new offices: West Palm Beach, FL, Durham, NC, and a 2nd San Francisco office
• Raised $91 million in a public offering of 2 million shares of common stock

2001

• Named John Dean Chairman of the Board of Silicon Valley Bancshares
• Named Ken Wilcox CEO and President of Silicon Valley Bancshares and Silicon Valley Bank
• Opened new office in New York and Fremont, CA

2002

• Launched SVB Securities, a broker-dealer subsidiary of Silicon Valley Bank
• Focused strategy to specialize in technology, life science, venture capital and premium winery niches

2003

• Named Alex "Pete" Hart chairman of the board
• SVB celebrates 20 years of dedication to entrepreneurs

2004

• Opened international subsidiaries in the UK and India

2005

• Silicon Valley Bank holding company Silicon Valley Bancshares renamed SVB Financial Group
• Opened international subsidiary in China

2006

• Launched SVB Analytics

2007

• Closed first international fund, SVB India Capital Partners fund

2008

• SVB celebrates 25th anniversary
• Opened international subsidiary in Israel
• Named Greg Becker president of Silicon Valley Bank

2010

• Named Greg Becker president of SVB Financial Group