Member FDIC. said the government would back Silicon Valley Bank deposits beyond the federally insured ceiling of $250,000. More than 30 years of expertise and insights for late-stage private and public companies. S. Explore different ways to help support, build and grow your startup. Silicon Valley Bank (SVB), Santa Clara. 5 billion. SVB was one of America’s 20 largest commercial banks and is now under the. The top three bank failures in U. The term “SVB Private” is the marketing brand name for the private banking, lending, brokerage and wealth management and investment advisory services offered by the following First-Citizens Bank & Trust Company divisions, subsidiaries, or affiliates: Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, SVB Investment. 9 billion in. Tyler Dittrich Head of Leveraged Finance and Sponsor Coverage, Technology Banking. 8 billion loss. 39 EDT First published on Mon 13 Mar 2023 02. Silicon Valley Bank is the nation’s 16th-largest bank. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U. To prevent the spread of banking contagion, regulators seized Signature Bank. In Britain, HSBC bought the UK arm of Silicon Valley Bank for a symbolic one pound. Our Venture Capital Relationship Management Team members serve as your eyes and ears across the entire SVB platform. 75 billion to strengthen its capital position. It was the largest bank failure since Washington. Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue. Regulators have seized the assets of one of Silicon Valley’s top banks, marking the largest failure of a U. D. Silicon Valley Bank’s chief executive, Greg Becker, was a strong supporter of the change, which reduced how frequently banks with assets between $100 billion and $250 billion had to submit to. S. The team’s riders have included Olympic, World. For more than a decade, Silicon Valley Bank has been co-title sponsor of Team TIBCO-Silicon Valley Bank, the longest running professional women’s cycling team in North America. A business checking account with the $50 monthly fee waived for the first year. To support their rapid growth, the two banks relied on uninsured deposits, which can be an unstable source of fundingThe collapse of Silicon Valley Bank (SVB) has renewed debate about deregulation of the financial industry in the United States, including the partial rollback of sweeping reforms introduced in the. Warren urges Fed Chair Powell to recuse himself from review of Silicon Valley Bank collapse Published Tue, Mar 14 2023 10:54 AM EDT Updated Tue, Mar 14 2023 6:07 PM EDT Chelsey Cox @therealcoSilicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive. . 1% and Lloyds Banking Group gaining 2. 1. The big picture: SVB was the country's 16th largest bank and a leading financial institution for technology and life sciences companies. AP. 5% to 4. Began US Expansion to 15 states. Over the years, according to reports, its client list grew to. The bank. Getty Images. After disclosing the $1. Silicon Valley Bank was known for providing loans to tech startups. Launched UK branch &. The failure of Silicon Valley Bank is rattling markets and raising uncomfortable questions: Will it undermine the broader banking system and start a new meltdown?. regulators took control of a second bank Sunday and announced. Read the Full Story. In the wake of Silicon Valley Bank’s collapse, which set off panic in the financial sector and concern across the global. Silicon Valley Bank Financial Group (SVBFG) was founded in 1983 and was headquartered in Santa Clara, California. Silicon Valley Bridge Bank – Open for business. 2 billion over the next few years to finance small businesses and community development projects, affordable housing and. Treasury said they facilitated the sale of a Silicon Valley Bank subsidiary in London to HSBC, Europe’s biggest bank. Silicon Valley Bank until now had been a reliable source of funding for startups relative to other banks. To some extent, the bank, which had 40 branches, was a victim of the panic surrounding Silicon Valley Bank. The FDIC has offered Silicon Valley Bank staffers 45 days of employment at 1. It is never too early to start thinking about wealth planning to help you during the lean times as well as when your business. Why it matters: The extraordinary actions, using tools last deployed in the early days of the pandemic and in. Jason Henry for The New York Times. It was the second-largest bank failure in U. The implosions of Silicon Valley Bank, Silvergate Capital, and Signature Bank in recent days might make for scary headlines. The loans increased as the bank began looking weaker, Bloomberg reports. You need to enable JavaScript to run this app. On March 12, state regulators in New York closed Signature Bank. Jason Henry for The New York Times. 4950 S 48th StreetPhoenix, AZ 85040. What is Silicon Valley Bank? Founded in 1983, the bank grew to become the 16th-largest in the U. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. S. People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, on March 13. The fall of SVB sent shockwaves through the financial world, causing investors and analysts to scramble as they searched for signs of other banks facing similar challenges. Former Silicon Valley Bank CEO Greg Becker and two former executives from Signature Bank were grilled by a Senate committee Tuesday and skewered for the failures of the financial institutions they led. A message to our clients from Silicon Valley Bridge Bank, N. At first glance, the Silicon Valley Bank debacle seems to be a cut-and-dried financial caper. The 5 most pressing questions answered about Silicon Valley Bank’s collapse. Silicon Valley Bank failed because it had put a large share of customer deposits into long-dated Treasury bonds and mortgage bonds that promised modest, steady returns when interest rates were low. Top 50 banks by share. Let SVB experts help your business with the right mix of products, services and strategic advice. The term “SVB Private” is the marketing brand name for the private banking, lending, brokerage and wealth management and investment advisory services offered by the following First-Citizens Bank & Trust Company divisions, subsidiaries, or affiliates: Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, SVB Investment. Because Silicon Valley customers were mostly the rich and businesses, they were likely more fearful of a bank failure since their deposits were over $250,000 (£206,290), which is the government. – December 6, 2021 – SVB Financial Group (“SVB”) (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced the continued growth of the Tech Investment Banking team with additional hires in the Internet, Consumer / Marketing Software, Fintech, and Enterprise Software sectors along with the formal. Silicon Valley Bank was shuttered by US regulators on Friday after customers raced to withdraw $42bn — a quarter of its total deposits — in one day and a failed effort to raise new capital. 2. "What made the Silicon Valley Bank run unique was (1) the ease with which its customers could execute withdrawals and (2) the speed with which news of Silicon Valley Bank's impending demise spread. Silicon Valley Bank es el banco más grande en desplomarse en EE. Silicon Valley Bank failed last week after a bank run. history are: Washington Mutual, Seattle, Washington: in 2008, with nominal assets at time of failure of $307 billion. 5 million. 5 billion, and the transfer of all. Silicon Valley Bank (SVB), Santa Clara. Kang Wan Chern. Silicon Valley Bank's business had boomed during the pandemic as tech companies flourished. It is an unsolicited statement. 25 billion in stock. SVB offers financial and banking services specific to venture capital backed startups. Welcome to SVB Private login To log in to your SVB Private account, please enter your username and password. Of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half went to borrowers who. Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, is a member of the FDIC and the Federal Reserve. Silicon Valley Bank is being shut down today by regulators. Federal Deposit Insurance Corporation. S, with $210 billion in assets. A Silicon Valley Bank sign is shown outside branch in Wellesley, Mass on Saturday, March 11, 2023. 10% annual percentage yield on qualifying balances. The term “SVB Private” is the marketing brand name for the private banking, lending, brokerage and wealth management and investment advisory services offered by the following First-Citizens Bank & Trust Company divisions, subsidiaries, or affiliates: Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, SVB Investment. Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue. Of course, interest rate risk leading. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U. regulators unveiled a plan to assure depositors at Silicon Valley Bank would get. For your day-to-day banking, use SVB Go to easily manage your finances, so you can focus on your business. Learn more . On Friday, bank regulators closed Silicon Valley Bank, based in Santa Clara, California. 27 SVBFG's principal subsidiary was Silicon Valley Bank (SVB), a. No advance notice is given to the public when a financial institution is closed. com otherwise please click below. On March 10, Silicon Valley Bank (SVB) was closed by regulators, marking the largest US bank failure since the Global Financial Crisis in the late 2000s (and second largest in US history). bank failure in history—is a warning to financial companies against placing all your bets on one market. This week, the tech and banking sector are growing skittish about the next shoe to drop. Treasury Secretary Janet Yellen said early Sunday there will be no federal bailout for the stricken bank,. SVB has been working with companies of all life stages in Florida for more than 20 years from its. Began US Expansion to 15 states. The goal of the team is to help aspiring female cyclists achieve the top echelon of their growing international sport. Officials closed the bank last week, and the federal government rolled out a. 9 billion in. Strategic venture fund banking solutions by one of most experienced and largest fund banking teams. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. Silicon Valley Bank, a regional lender with $210 billion in assets, served the tech industry for 40 years. The uncommon lending practices behind Silicon Valley Bank’s woes. Silicon Valley Bank's rapid implosion shows how bank runs can go at warp speed in the digital age. I. The system recovered. The Silicon Valley Bank logo is seen through a rain-covered window in front of the SVB headquarters in Santa Clara, Calif. Opened Israel office. 32 EDTA Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. You need to enable JavaScript to run this app. At that time, Silicon Valley Bank’s CEO lobbied for less scrutiny. A sign for Silicon Valley Bank (SVB) headquarters is seen in Santa Clara, Calif. This article is more than 7 months old. after the. The. The fallout threatens to engulf the startup world—and has exposed a new set of vulnerabilities for the banking system. Call Location. 15 Mar 2023. S. Appointed Greg Becker CEO. Kenny Holston. – Sept. The portfolio makeup of Silicon Valley Bank is not one that is widely shared across the banking industry, officials noted, and therefore remains isolated so long as there is broader confidence in. Source photograph by Jeff Chiu / AP Photo. As Silicon Valley Bank was shuttered by the FDIC on Friday, investors and companies with money locked up expressed dismay at how it went down. Prior to being shut down by regulators. The top three bank failures in U. The Federal Reserve is set to issue a report on. 10, 2023. Silicon Valley Bank, a regional lender with $210 billion in assets, served the tech industry for 40 years. SVB offers banking and financial solutions as well as sector expertise to companies across the consumer technology sector including e-commerce and commerce enablement, digital content and media, marketplaces, education technology, advertising technology and gaming. It was forced to sell a bond portfolio at a $1. The SVB banking collapse, explained. Located near the Santa Monica Pier, SVB Santa Monica is one of the locations where SVB helps innovative companies and their investors move bold ideas forward, fast. It provided banking services to nearly half of all US venture-backed technology and. Both phenomena are almost always worrying signs. 1%. “Within 48 hours, a panic induced by the very venture capital community that SVB had. A run on Silicon Valley Bank in Santa Clara brought a quick end to the 40-year-old company, triggering fears of a contagion reminiscent of the 2008 great financial crash. Get started with SVB. 2011. Use SVB Online Banking to access your SVB commercial bank and card accounts and services — including cash management, foreign exchange, international banking and more. S. Banking involves complicated concepts likes balance sheets and liquidity ratios, but the Silicon Valley Bank collapse isn't difficult to understand, Sen. history. The bank was the 16th-largest in the country, and has long prided itself in its close. Silicon Valley Bank was a 40-year-old financial institution based in Santa Clara, California. Silicon Valley Bank said in a recent report that it would invest about $16. said the government would back Silicon Valley Bank deposits beyond the federally insured ceiling of $250,000. S. 19 Mar 2023. Join the team that’s driving innovation in banking today. S. Opened Israel office. State regulators closed New York-based Signature Bank , the third-largest. Silicon Valley Bank was hit hard by the downturn in technology stocks over the past year as well as the Federal Reserve’s aggressive plan to increase interest rates to combat inflation. 10% APY on deposits of $4 million or less — so you gain a longer runway. On Friday, bank regulators closed Silicon Valley Bank, based in Santa Clara, California. Similar to Silicon Valley Bank, First Republic had many start-up industry clients, and many of its accounts held more than $250,000, the amount covered by federal insurance. March 17, 2023 at 6:18 a. 1. At present, customers who are eligible for SVB Go are being notified by the bank to ensure a seamless transition to the. 01 percent of the world banking system. It was the largest failure of a US bank since Washington Mutual. On Friday, March 10, 2023, Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection & Innovation, The Federal Deposit Insurance Corporation (FDIC) was then appointed Receiver and the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. The DINB will maintain Silicon Valley Bank’s normal business hours. Until the announcement, there was widespread fear among depositors of Silicon Valley Bank, since federal insurance covers accounts up to $250,000 and more than 90% of the bank's deposits were. The term “SVB Private” is the marketing brand name for the private banking, lending, brokerage and wealth management and investment advisory services offered by the following First-Citizens Bank & Trust Company divisions, subsidiaries, or affiliates: Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, SVB Investment. Bank Shares Tumble in Wake of Failures. That fear may appear first in. 25bn. , Mar. March 13, 2023. Its customers, many of whom were technology startups, had ample uninsured deposits. Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. The collapse of SVB isn’t just a tech industry problem—and the rest of the world is about to find out why. The Verge. 8 billion loss. 5 times their salary, according to an email seen by Reuters. Silicon Valley Bank provided banking services to nearly half the country’s venture capital-backed technology and life-science companies, according to its website, and to more than 2,500 venture. Online Banking. Key Points. 8, 2021 – SVB Financial Group (“SVB”) (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink’s new Co-Head of Investment Banking. S. government bonds. In 2021, BEC schemes resulted in an adjusted loss of nearly $2. SVB’s website note that it “bank[s] nearly half of all US venture-backed. Strategic venture fund banking solutions by one of most experienced and largest fund banking teams. Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, is a member of the FDIC and the Federal Reserve. S. The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. Silicon Valley Bank provides banking and financial services, along with industry insights to Vineyards and Wineries. 4. When Bryant University Professor of Finance Peter Nigro, Ph. Assistant Business Editor. Silicon Valley Bank headquarters in Santa Clara, California, on March 13, 2023. It was the largest failure of a US bank since Washington Mutual. Following federal intervention on March 8, Silicon Valley Bank (SVB) was closed down by California’s financial regulator on March 10. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U. WASHINGTON — The federal government’s rescue of two failed banks last month has drawn criticism from some lawmakers and investors, who accuse the Biden. But in short, Silicon Valley Bank, a major lender for startups most familiar to people who work in venture capital and technology, was shut down and taken over by regulators last week. MIAMI –– September 14, 2021—Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced a team of commercial bankers have landed permanently in Miami to focus on Florida’s dynamic innovation sector. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. In fact, CNBC reported that on Wednesday, SVB was a well-capitalized bank seeking to raise some capital. March 19, 2023. S. Derek Thompson: The end of Silicon Valley Bank—and a Silicon Valley myth. Derek Thompson: The end of Silicon Valley Bank—and a Silicon Valley myth. Read the Full Story. On Friday, March 10, 2023, Silicon Valley Bank, Santa Clara, CA was closed by the California Department of Financial Protection & Innovation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. D. In a bid to contain the crisis, the Biden administration announced on Sunday that customers of Silicon Valley Bank. S. SVB said earlier this week, that in order to. SVB had become flush with cash during the pandemic, and much of those deposits were used to buy investments typically considered safe, like Treasury bonds. bank failure in history—is a warning to financial companies against placing all your bets on one market. It took more than a year, but it worked. Prior to its failure, SVBFG was a financial services company, financial holding company, and bank holding company with approximately $212 billion in total assets. "What made the Silicon Valley Bank run unique was (1) the ease with which its customers could execute withdrawals and (2) the speed with which news of Silicon Valley Bank's impending demise spread. Its failure was the second largest in US history and the largest since the financial crisis of 2008. On the last night of its existence, Silicon Valley Bank was hosting VC Bill Reichert of Pegasus Tech Ventures, who was giving a presentation on. 1% and Lloyds Banking Group gaining 2. Silicon Valley Bank’s State of the Markets report on the innovation economy. 1. Similar to Silicon Valley Bank, First Republic had many start-up industry clients, and many of its accounts held more than $250,000, the amount covered by federal insurance. By. m. Silicon Valley Bank (SVB) is the first bank to fail since late 2020. Please complete the following questionnaire with as much detail as possible. The Collapse Goes Public. history, smaller only than the run on Washington Mutual during the 2008 financial crisis, when that bank had. Project Syndicate economists Silicon Valley Bank. On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Contact us. – Sept. Accelerate your business with a $500 monthly credit that can be applied to your service fees. 1. Many of them panicked, yanking $42 billion last Thursday alone when Silicon Valley Bank’s stock crashed by 60%, according to filings by California regulators. Recent reporting from The New York Times’ Jeanna Smialek reveals supervisors at the San Francisco Fed warned Silicon Valley Bank multiple times since 2021 about the bank’s weaknesses. While Silicon Valley Bank used to primarily lend out money on shorter-term durations, in 2021 the bank shifted to longer-term securities in search of more yield; this, in retrospect, was the critical mistake — and to be clear, Silicon Valley Bank’s management bears ultimate culpability for the bank’s fate. UU. Illustration by Hugo Herrera / The Verge. PHOTO ILLUSTRATION BY ALEXANDRA CITRIN-SAFADI/THE WALL STREET JOURNAL. “The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit. The collapse of Silicon Valley Bank, located in Santa Clara, Calif. SVB was founded in 1983 and is headquartered in Santa Clara, which sits right in the middle of Silicon Valley. “Five years ago, the. 1. C. Prior to being shut down by regulators. SANTA CLARA, Calif. The question now, though, is whether the collapse of this tech-friendly regional bank is the start of something more serious — or just what happens when. International regulators also had to step in to ease fears. You need to enable JavaScript to run this app. Small banks are best served to rely on their unique traits. Our private bank division caters to the unique needs of founders like you. While that sent shares of Signature. In fact, CNBC reported that on Wednesday, SVB was a well-capitalized bank seeking to raise some capital. Silicon Valley Bank had exclusivity clauses with some of its clients, limiting. When Silicon Valley Bank crashed earlier this month, a lot of people — investors, analysts, everyday observers — quickly pointed fingers at the bank’s risky and costly strategy. Silicon Valley Bank (SVB) is the first bank to fail since late 2020. Silicon Valley Bank's failure is the largest since Washington Mutual went bust in 2008, a hallmark event that triggered a financial crisis that hobbled the economy for years. Learn how SVB can help your runways lead to liftoff with insights, solutions and resources for every stage of your business journey. Effective September 18, 2023 this location is open for business. The stocks of regional banks fell following the collapse of Silicon Valley Bank and Signature Bank as regulators tried to contain the damage. S. In early March, Silicon Valley Bank and Signature Bank, two of America’s mid-sized banks, collapsed — some of the biggest failures of financial institutions since the Great Recession. The girls are fightinggggggg. 7 billion pounds ($8. Silicon Valley Bank collapse explained. The bank collapsed last week, sending shock waves through the start-up community. UBS agrees to takeover of stricken Credit Suisse for. Sherrod Brown, D-Ohio said Tuesday as he. Silicon Valley Bank’s assets had grown dramatically, quadrupling in five years, as had its deposits. The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank. We recognize the past few days have been an extremely challenging time, and we are grateful for your patience. Kenny Holston. bank with more than $200 billion in assets and about $175 billion in deposits before it failed last Friday. S. Silicon Valley Bank’s CEO lobbied explicitly for banks under $250 billion to be exempted from additional stress tests and heightened capital and liquidity requirements. EDT. 'More banks will. At the end of December, Silicon Valley Bank held around $209 billion in total assets. Up to 5. Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. SANTA CLARA, Calif. Concern over wide-reaching problems in the banking sector started in earnest after the F. Charles Archer of IG, warns though, that the Silicon Valley Bank crisis is “far from over”. desde la crisis financiera de 2008 y su caída el viernes hizo temer por un momento un nuevo colapso en cadena como el que. Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. Today's transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association's assets at a discount of $16. The abrupt implosion of Silicon Valley Bank (SVB) on Friday—the second-largest U. 27 SVBFG's principal subsidiary was Silicon Valley Bank (SVB), a. An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters on March. These additions to SVB’s existing. Gain real-time visibility into your company’s cash flow through customized reporting designed to help you make more informed decisions. In addition to its main office in Santa Clara, California, Silicon Valley operates 4 branch offices in Northern California and a non-branch loan production office in Newton, Massachusetts. 3. Silicon Valley Bank Financial Group on March 10 became the largest bank to fail since the 2008 financial crisis. Silicon Valley Bank is open for business and fully committed to the innovation economy, as we have been for the past 40 years. 25bn. ‘Banking system is safe’: Biden reassures markets after Silicon Valley Bank collapse – video Graeme Wearden Mon 13 Mar 2023 14. U. On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. Silicon Valley Bank was not big enough by itself to set off contagion. Online banking including foreign exchange 5, customized reporting and connections to authorized accounting applications. C. Silicon Valley Bank went to just above $115 billion in assets at the end of 2020 from $71 billion at the end of 2019. SVB is the old Silicon Valley Bank, recently bought one of our favorite research firms Moffett Nathanson and it's become less dependent on private equity and venture capitalist offerings. Sherrod Brown, D-Ohio said Tuesday as he. March 14, 2023, 11:40 AM. Silicon Valley Bank was a big deal to venture capitalists (VC) and tech sectors. It in two days, marking the largest bank failure since the 2008. Silicon Valley Bank's business had boomed during the pandemic as tech companies flourished. This product “offers customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. 6, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced the continued growth of the Tech Investment Banking team with additional hires in the Internet, Consumer / Marketing Software, Fintech, and Enterprise Software sectors along with the formal launch of Technology Leveraged Finance and Equity Capital. Members of the Senate Banking Committee expressed concern about the state of the nation’s banks during a hearing Tuesday on the failures of Silicon Valley Bank and Signature Bank. Prior to being shut down by regulators. Federal Deposit Insurance Corporation. Sen. It means that depositors at Silicon Valley Bank and Signature Bank, including those whose holdings exceed the $250,000 (£206,602) insurance limit, can access their funds today. RSS. Contact Us. When Silicon Valley Bank collapsed on March 10, Garry Tan, president and CEO of. Silicon Valley Bank provided banking services to nearly half the country’s venture capital-backed technology and life-science companies, according to its website, and to more than 2,500 venture. For more than a decade, Silicon Valley Bank has been co-title sponsor of Team TIBCO-Silicon Valley Bank, the longest running professional women’s cycling team in North America. What took place Friday was an old-fashioned. The Collapse Goes Public.