Silicon Valley Bancshares :: essays research papers

atomic number 14 vale Bancshares (SIVB) NASDAQSilicon valley Bancshares is helping to breed the high-tech revolution. The Santa Clara, California firmly established parent of Silicon vale Bank, which essentially serves companies in the high-tech and entertainment industries. This bank provides lines of credit, cash management, factoring, and impertinent exchange work through 17 offices throughout California and other(a) high growth areas. The bank specializes in offering startup muster (in the form of short-term loans, and lines of credit) to nascent Net nabobs waiting for their venture slap-up to come through. In exchange, startup clients are counted upon to deposit venture cash in Silicon valley Bank accounts. As a objet dart of its lending, the bank in addition pursues warrants to buy equity stakes in its clients. Silicon Valley Bancshares key competitors are Bank One, Bank of America, Bank of western hemisphere Comerica, FleetBoston, Imperial Bancorp, Mitsubishi Trust and Banking U.S., Bancorp, and Wells Fargo. These are some of Silicon Valley Bancshares targeted industries communications, online services, computers, emerging 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 important lender to Cisco Systems. Silicon Valley was introduced to Bostons technology companies in 1990, and was also being used Oregon and Washington. The bank has also expanded to residential and commercial 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 cod to non-performing loans. In 1993, Silicon Valley Bancshares was put under Federal Supervision.