Silicon Valley Bank is headquartered in Santa Clara and is the 2nd largest bank in the state of California. It is also the 23rd largest bank in the nation. It was established in 1983 and as of June of 2021, it had grown to 4,078 employees at 5 locations. Silicon Valley Bank has an A health rating.
I've used Silicon Valley Bank for the past few years. They are very good. Whenever I go to a branch, they are very professional and helpful. The only negative I have is that they charge a lot on wire fees. I wish they didn't charge that much. Other than that, their support is amazing, and I would recommend anybody to bank with them, for personal or professional banking usage.
I am one of the satisfied and proud customers of Silicon Valley Bank. They are professionals and IT friendly banking service providers. I have been referred by one of the founder in my start up eco system. I have been thrilled when they have asked for our business plan and what we are trying to do exactly before accepting my application to open an account with them. It was my first experience which I haven't encountered with any corporate banking system. It is entrepreneur friendly. They have good customer service and advisors who explained clearly about what are the options which might be helpful to my business venture. I have opted for checking, salary accounts, online payments and Merchant account. For remaining recurring billing services I have opted for third party service providers depending on my venture's requirement. The major feature I have felt is that it is online and mobile friendly in processing my financial transactions.
|FDIC Certificate #||24735|
|Return on Assets - YTD||0.85%|
|Return on Equity - YTD||13.41%|
|Annual Interest Income||$1.43B|
|Assets and Liabilities|
|Assets||Q2 2021vs Q2 2020||$161.2B$84.49B|
|Loans||Q2 2021vs Q2 2020||$50.35B$36.12B|
|Deposits||Q2 2021vs Q2 2020||$147.5B$76.08B|
|Equity Capital||Q2 2021vs Q2 2020||$10.43B$5.82B|
|Loan Loss Allowance||Q2 2021vs Q2 2020||$395.3MM$589.5MM|
|Unbacked Noncurrent Loans||Q2 2021vs Q2 2020||$81.5MM$94.4MM|
|Real Estate Owned||Q2 2021vs Q2 2020||$1.2MM$0|
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