Message from Silicon Valley Bank on stability…. thoughts?

———- Forwarded message ———-
From: Ken Wilcox, SVB Financial Group
Date: Tue, Jul 28, 2009 at 1:15 PM
Subject: Bank Stability: Frequently Asked Questions
Bank Stability: Frequently Asked Questions
Boards are understandably concerned about the stability of the banking
industry. I wanted to offer a few points that might help you reassure
your board that your bank is strong and address related questions that
they, or you, may have.
The most frequently asked questions we receive are below, and please
do not hesitate to contact us, if you have any other questions we can
help you address.
Why are you banking with Silicon Valley Bank?
SVB Financial Group (SVB), the bank holding company for Silicon Valley
Bank, is responsible, healthy and growing its market share
Financially speaking, SVB has high levels of capital and liquidity and
is well-positioned to support us throughout this downturn and beyond
SVB has been working with companies like ours for more than 25 years,
and as a result truly understands not only our business but also how
to plan for and manage risk though economic cycles
Is our money safe? How do you know?
Yes. SVB is in a strong financial position
SVB has a solid capital position and is participating in the
government’s Capital Purchase Program to further strengthen its
capital levels
SVB’s tier one capital ratio was more than double the Federal
Reserve’s minimum for a well-capitalized institution at June 30, 2009
SVB currently holds investment grade ratings by Moody’s and S&P
Silicon Valley Bank continues to participate in the FDIC temporary
Transaction Account Guarantee Program
Can we count on Silicon Valley Bank moving forward?
Yes. SVB’s strategy is tied to the technology, life science and
venture capital sectors
SVB is realistic about the current economic and banking environment
and has positioned itself to withstand expected credit losses
SVB is continuing to lend and grow its market share. In Q2, Silicon
Valley Bank added 234 new, active borrowers
Please find more detail in the included simple one-page overview of
our financials, and a PowerPoint slide you can put into your own board
We want you to know, as our client, that we will remain committed, as
we have been for more than 25 years, to the technology, life science,
venture capital and wine industries, particularly in these turbulent
times. We are here for you and will do our best to help you succeed.
Please don’t hesitate to let us know how we can help your company. We
thank you for your business.
Ken Wilcox
President and CEO
SVB Financial Group

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