SAN FRANCISCO, March 12, 2024 — Silicon Valley Bank (SVB), a division of First Citizens Bank and financial services provider to some of the world's most innovative companies and investors, today announced the opening of its new office in downtown San Francisco. Located at 222 2nd Street, the updated space features modern workspaces as well as an event room and outdoor terrace for meetings with clients and innovation economy partners.
“SVB has enjoyed being part of the innovation community for 40 years and we are excited to continue serving Bay Area founders and investors from our vibrant new location in the city,” said Marshall Hawks, SVB senior market manager in San Francisco. “Our customers value our ability to bring our ecosystem partners together, and our new office event space enables even more of that connection.”
This investment from SVB and parent company First Citizens in San Francisco supports the bank's growth objectives and continued commitment to serving the innovation economy. SVB has been actively serving the innovation economy since it was taken over by First Citizens in March 2023. With 40 years of experience, SVB has more experience serving innovation clients than any other financial services provider. The entire business is designed specifically for high-growth companies and investors and delivered at the speed they need. SVB remains committed to the success of the investors and innovators who are inventing the future and now has the full support of the 125-year-old First Citizens Bank to continue pursuing this mission.
SVB will occupy several floors of the building and will move from its office at 505 Howard Street just a block away. SVB has a flexible hybrid work policy, so the space is equipped with numerous collaboration areas as well as private video conferencing areas for hybrid working.
The new office also includes more than 6,000 square feet of entertainment space for events. SVB is known for hosting events that bring the innovation economy together. In the last three quarters of 2023, SVB held or sponsored more than 400 events nationwide. The SVB Experience Center at 532 Market Street will continue to be used for customer events.
SVB has had a presence in San Francisco for 25 years since opening its first office at 185 Berry Street in China Basin in 1999. In addition to the San Francisco office, SVB has Bay Area offices in Menlo Park, Palo Alto and Santa Clara.
About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, banks some of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life sciences and healthcare, private equity, venture capital and premium wine sectors. Operating in innovation centers across the United States, SVB serves the unique needs of its dynamic clients with deep industry knowledge, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FNCCA), is one of the 20 largest U.S. financial institutions with more than $200 billion in assets. First Citizens Bank, member FDIC. Find out more at svb.com.
Media contact
Katie Ellis Fredlund
kellis@svb.com
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