Update from SVB’s CEO - March 2020

To our clients,

We are in unprecedented times. At SVB, we know from more than three decades of working alongside dynamic companies and investors that in turbulent environments partnership, dependability and flexibility matter, and the hallmark of a true partner is the act of standing with clients and supporting them in the most challenging times.

The work that you, our clients, do to develop and fund innovative solutions to the world’s biggest problems is more critical now than ever. The innovation economy has been the source of some of the most important developments in our lifetimes, and we believe that your contributions will only become more important in the years to come. Our mission is to support your efforts to keep innovating and to bring your ideas, products and solutions to market. And at times like these, it’s more important than ever that we maintain our support for our clients.

We want to assure you that SVB is open for business. We continue to serve our clients while doing everything we can to protect the health and safety of our employees, clients and partners around the world. We are confident in our ability to seamlessly deliver the services and value you count on from SVB, even as we activate our business continuity plans and do our part to help slow the spread of COVID-19 by implementing travel restrictions, virtual meetings and work from home plans. We have a long track record of maintaining credit discipline in good times and standing by our clients in bad times. We encourage you to monitor our COVID-19 updates by visiting our Newsroom on svb.com.

We also want you to know that we are confident that our strong financial foundation will allow us to navigate any challenges ahead as the markets experience volatility.

As this fluid situation evolves, we are here to help you. Please reach out to your relationship manager or client service team if there is anything we can do to support you. We also hope you will take advantage of our research and advisory teams’ insights and perspectives on the current markets.

Thank you for your business,

Greg Becker
CEO, Silicon Valley Bank

Mike Descheneaux
President, Silicon Valley Bank

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