Silicon Valley Bank FAQ

Yes, Silicon Valley Bank (SVB) is a fully operational division of First Citizens Bank, an FDIC-insured bank. In Q4 2026, SVB will rebrand to become First Citizens Innovation Banking and First Citizens Fund Banking. This is a name change, not a change in SVB’s go-to-market approach, client service model or solution set. Our clients will continue working with knowledgeable bankers who continue to provide the same deep expertise, valuable connections, strategic insights, and a long-term partnership approach supporting their goals and ambitions. Our commitment to the innovation economy is as strong as ever.   

Silicon Valley Bank serves innovation economy clients across the United States, with nearly 4,000 having onboarded in the past two years, and it has been a trusted banking partner to the technology and life sciences sectors since 1983. In 2025, SVB’s total client funds increased by $10.4 billion to $108 billion, an 11% year-over-year increase, while total loans grew by $6.7 billion to $44 billion, an 18% increase.

Yes. In Q4 2026:

• Silicon Valley Bank’s technology and healthcare business will rebrand to First Citizens Innovation Banking.
• SVB Global Fund Banking will rebrand to First Citizens Fund Banking.
• SVB Wine division will rebrand to First Citizens Bank. 

The names are changing. The experience isn’t. Our clients will continue working with their knowledgeable Relationship Managers and Relationship Advisors who continue to provide the same deep expertise and tailored solutions. Under the new, united brand, we will continue to offer dedicated service and solutions, specifically designed to support the innovation economy. There is no action required by our clients at this time. Online banking and products are unchanged. 

For additional questions on the upcoming rebrand, please visit firstcitizens.com/rebrand.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $225 billion in assets and a member of the Fortune 500™.

Silicon Valley Bank (SVB) experienced a bank run and was placed into FDIC receivership on March 10, 2023. SVB closed for one business day, reopening on March 13, 2023, as a bridge bank providing the same products, solutions, and services as the week before. On March 27, 2023, First Citizens Bank acquired SVB. All customer deposits were fully assumed.

Since this acquisition, Silicon Valley Bank has operated as a division of First Citizens Bank, a top 20 U.S. financial institution with more than $225 billion in assets, maintaining its focus on the innovation economy that has defined SVB since1983.

In April 2026, First Citizens Bank announced the Silicon Valley Bank division will be rebranded First Citizens Innovation Banking and First Citizens Fund Banking in Q4 2026. The SVB Wine division will be rebranded as First Citizens Bank by year end.

The Silicon Valley Bank division now operates with the financial backing of one of the top 20 banks in the United States. First Citizens Bank maintains a strong balance sheet position with a solid capital and liquidity profile, and an established culture of prudent risk management. The SVB division’s dedicated innovation economy teams, its sector expertise, and its client relationships remain intact.

Since the acquisition, the SVB division has continued to invest in new solutions to provide clients with the best service, including its award-winning online banking platform, and its venture debt lending relationship with Pinegrove Venture Partners. First Citizens has also demonstrated commitment to the innovation economy by investing in key markets, including purchasing new large-scale office buildings in San Francisco, Palo Alto, Santa Monica and Boston in 2025.

Yes, absolutely. The SVB division of First Citizens Bank is a leading bank for technology and life science and healthcare companies. SVB serves startups and companies of all sizes across enterprise software, fintech, climate tech, hardware, life sciences, healthcare, venture capital and private equity. It is the banking partner for half of the Forbes 2026 Fintech 50 and 40% of the Forbes 2025 AI 50. SVB’s business was purpose-built for investors and operators in the innovation sector and refined over decades. In Q4 2026, Silicon Valley Bank will be rebranded First Citizens Innovation Bank, and our commitment to the innovation economy is as strong as ever.