SVB Financial Group - Company Information

Silicon Valley Bank Appoints Head of Global Payments, Head of Global Digital Solutions

Silicon Valley Bank (SVB), a division of First Citizens Bank, has recently announced Martin Murrell has been named Head of Global Payments.

27 Aug 2023

Silicon Valley Bank Appoints Head of Global Payments and Head of Global Digital Solutions

As Head of Global Payments, Murrell will lead the teams responsible for SVB's core payments products, including commercial card, merchant services and embedded payments. He will oversee ke product enhancements, product-related risk management efforts and critical client experience initiatives to create a differentiated payments platform for SVB.

22 Aug 2023

First Citizens reports $9.5 billion profit on Silicon Valley Bank acquisition

Bank's latest quarter includes a nearly $10 billion preliminary gain from its purchase of Silicon Valley Bank from the FDIC.

10 May 2023

First Citizens to acquire troubled Silicon Valley Bank

The FDIC will retain about $90 billion of Silicon Valley Bank's $167 billion in total assets, as of March 10, while First Citizens will acquire $72 billion at a discount of $16.5 billion, the FDIC said. It said it estimates Silicon Valley Bank's failure ...

6 Apr 2023

First Citizens acquisition of Silicon Valley Bank could mean more cash for NC startups

People stand outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. The First Citizens Bank acquisition of the failed Silicon Valley Bank will likely help Research Triangle Park-area startups gain access to cash.

29 Mar 2023

First Citizens BancShares Inc Considers Acquisition of Silicon Valley Bank

bizjournals.com This acquisition could bring benefits to the acquiring bank, such as an expanded customer base and increased market share in the tech industry, where Silicon Valley Bank has a strong presence. The fact that this is the FDIC's

19 Mar 2023