History & Timeline

 

Silicon Valley Bank has been instrumental in the technology, life science and premium winery industries for more than 30 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 future 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 office in Santa Clara, CA

1987

  • Shares began trading on Nasdaq under the symbol SIVB

1988

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

1989

  • Opened office on Sand Hill Road, Menlo Park, CA, to serve the venture capital community

1990

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

1991

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

1993

  • Named John 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

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

2000

  • Opened new offices: West Palm Beach, FL, Durham, NC, and a second San Francisco office

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

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

  • Opened international subsidiary in Israel
  • Named Greg Becker president of Silicon Valley Bank

2010

  • Named Greg Becker president of SVB Financial Group and Silicon Valley Bank

2011

  • Named Greg Becker president and CEO of SVB Financial Group and Silicon Valley Bank
  • Ken Wilcox became Chairman of Silicon Valley Bank and transitioned to China

2012

  • Named Roger Dunbar Chairman of the Board
  • Opened first international, full service branch in London