Silicon Valley Bancshares Announces Final Fourth Quarter Results
Company News | February 17, 2004
"While general accounting standards required us to reassess Alliant'scarrying value, its strategic value to Silicon Valley Bancshares is ascompelling today as it was when we purchased it," said Kenneth Wilcox,president and CEO of Silicon Valley Bancshares.
"Because of the unpredictability of the M&A market, we can't forecast financial performance with certainty on a quarterly basis. What we can do is continue to focus on closing the transactions in Alliant's ever-growing pipeline and put our energy into ensuring its long-term contribution to the success of Silicon Valley Bancshares."
Earnings Conference Call
On February 17, 2004, the company will host a conference call at 2:00 p.m.(PST) to discuss this announcement. The conference call can be accessed by dialing 877-630-8512 and referencing the passcode "Silicon Valley Bank." A live Webcast can be accessed at www.svb.com. A digitized replay of thisconference call will be available beginning at approximately 4:30 p.m. (PST),on Tuesday, February 17, 2004, through 5:00 p.m. (PST), on Thursday,March 18, 2004, by dialing (800) 337-6558. A replay of the Webcast will also be available on www.svb.com beginning Tuesday, February 17, 2004.
About Silicon Valley Bancshares
For 20 years, Silicon Valley Bancshares, a financial holding companyoffering diversified financial services, has provided innovative solutions to help entrepreneurs succeed. The company's principal subsidiary, Silicon Valley Bank, serves emerging growth and mature companies in the technology and life sciences markets, as well as the private equity and premium wine industries. Headquartered in Santa Clara, Calif., and with 26 offices across the country, the company offers clients commercial, investment, merchant and personal banking, as well as private equity and value-added services, using its knowledge and networks. Merger, acquisition, private placement and corporate partnering services are provided through the company's investment banking subsidiary, Alliant Partners. More information on the company can be found at www.svb.com.
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