Silicon Valley Bancshares :: essays research papers

Silicon valley Bancshares (SIVB) NASDAQSilicon Valley Bancshares is helping to fund the hi-technical school revolution. The Santa Clara, California firmly established parent of Silicon Valley depository financial institution, which fundamentally serves companies in the gamy-tech and entertainment industries. This posit provides lines of credit, cash management, factoring, and foreign change services through 17 offices throughout California and other high growth areas. The bank specializes in offering startup scratch (in the traffic pattern of short-term gives, and lines of credit) to nascent Net nabobs waiting for their venture capital to infer through. In exchange, startup clients are counted upon to deposit venture funds in Silicon Valley Bank accounts. As a part of its lending, the bank also pursues warrants to buy equity stakes in its clients. Silicon Valley Bancshares key competitors are Bank One, Bank of America, Bank of West Comerica, FleetBoston, gallant Bancorp, M itsubishi Trust and Banking U.S., Bancorp, and Wells Fargo. These are some of Silicon Valley Bancshares targeted industries communications, online services, computers, rising technologies, life sciences, semiconductors, software, venture capital, entertainment, premium wineries, and real estate. The Silicon Valley Bank brought into existence by Roger Smith in 1983, which provided bank services to tech startups in San Jose. The bank grew along with tech companies, and was a main loaner to Cisco Systems. Silicon Valley was introduced to Bostons technology companies in 1990, and was also organism used Oregon and Washington. The bank has also expanded to residential and moneymaking(prenominal) real estate lending. The recession of 1989-1991 found Silicon Valley Bancshares with an overextended loan portfolio, and in 1992 the bank booked a loss due to non-performing loans. In 1993, Silicon Valley Bancshares was put under Federal Supervision.