Silicon Valley Bank

Status:Inactive as of 03/10/2023
 Absorption - Assisted
Successor Bank:Deposit Insurance National Bank of Santa Clara
Headquarters:Silicon Valley Bank
3003 Tasman Dr
Santa Clara, CA 95054
Established:10/17/1983
FDIC Insurance:10/17/1983
FDIC Cert:#24735
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$209,026,000,000
Total Deposits:$175,378,000,000

History

1983-10-17Institution established: Original name:Silicon Valley Bank
1986-12-02Moved bank headquarters from SAN JOSE, CA to SANTA CLARA, CA
1986-12-02Acquired National InterCity Bank (24680) in SANTA CLARA, CA
2021-07-01Acquired Boston Private Bank & Trust CompanySilicon Valley Bank (24811) in Boston, MA.
2023-03-10Failed. Acquired with government financial assistance and subsequently operated as part of Deposit Insurance National Bank of Santa Clara (59331)
2023-03-13Merged into and subsequently operated as part of Silicon Valley Bridge Bank, National Association (59334)
2023-03-26Failed. Acquired with government financial assistance and subsequently operated as part of First-Citizens Bank & Trust Company (11063)

Financial Information (2022-12-31 and Older)