Company's Global Perspective is an Asset to its Cutting-Edge Customers
SVB Silicon Valley Bank opened a new office in Hacienda in November, bringing its commercial banking services and commitment to global economics to the Tri-Valley. Located at 4420 Rosewood Dr., SVB Silicon Valley Bank is the California banking subsidiary of diversified financial services firm SVB Financial Group, headquartered in Santa Clara, California.
For over 20 years, SVB Silicon Valley Bank has provided financial services to innovative and entrepreneurial companies of all sizes in the technology, life sciences, private equity and premium wine industries, all of which have a significant presence in the Tri-Valley. Since 1983, SVB Silicon Valley Bank has supported nearly 30,000 innovative companies nationwide.
Recognizing the needs of its unique client base led SVB Silicon Valley Bank to offer customized solutions through global commercial, investment, and private banking and asset management services to companies of all sizes.
SVB Silicon Valley Bank's years of experience lending to technology and life sciences companies have allowed them to help clients manage volatile markets. For example, the bank provides customized credit proposals to reflect clients' individual needs. Lenders who understand the clients' businesses make credit decisions locally. Credit products include term loans, equipment loans and structured loans for venture-backed companies as well as for established public companies.
Other products and services offered by the bank are international trade services and foreign exchange services. With today's global economy, SVB Silicon Valley Bank can assist growing companies in managing their global cash management and financial needs. With SVB Financial Group subsidiary offices located in Bangalore, India; Shanghai, China and London, England, SVB Silicon Valley Bank's experienced international bankers work with clients to choose and implement strategies for managing trade payments, for example.
Furthermore, the company's SVB Global business unit, which leverages the company's global business relationships around the world on behalf of clients, is contributing to development of the technology ecosystem in India. SVB Global recently announced sponsorship of the American India Foundation's Digital Equalizer Program. SVB Financial Group has a long history of dedicating resources to help local communities and the Digital Equalizer Program aims to provide opportunities for underprivileged children in India to enhance their learning through the use of digital technology. Less than one percent of the population owns a personal computer and just over one percent uses the Internet, as compared to over 60 percent in the United States last year. SVB Global is donating money and volunteer hours to develop and maintain a computer lab over a three-year period at a Government High School in Cottonpet, Bangalore. Employees of SVB will help maintain the equipment and train students and teachers.
SVB Financial Group has approximately 1,100 employees in 27 U.S. offices and three international subsidiaries. SVB Silicon Valley Bank accounts for 70 percent of SVB Financial Group's overall business. SVB Financial Group also provides merger and acquisition and private placement advisory services, corporate valuation and equity management services, funds management and private banking services through its other business units: SVB Alliant, SVB Analytics, SBV Capital, and SVB Private Client Services.
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