First Citizens Innovation Banking, formerly Silicon Valley Bank

First Citizens Innovation Banking, formerly Silicon Valley Bank's Technology and Healthcare Banking Division, is dedicated to the success of the innovators and investors shaping the future. Founded in 1983 in San Jose, California, we specialize in serving investors, technology and life science companies from Silicon Valley to Boston, New York to Los Angeles and beyond. We're backed by the strength and stability of First Citizens Bank, a 125-year-old institution, as we continue our more than 40-year legacy fostering growth in the innovation economy.

First Citizens Innovation Banking serves innovation economy clients across the United States. In just the first half of 2026, it onboarded more than 1,000 new clients. As of Q2 2026 First Citizens Innovation Banking had $123 billion in total client funds and $48 billion in loans to support clients as they grow. It has been a trusted banking partner to the technology and life sciences sectors since 1983.

Yes. Silicon Valley Bank now operates as First Citizens Innovation Banking, a division of First Citizens Bank.

Yes. As of Q4 2026, Silicon Valley Bank, a division of First Citizens Bank, re-branded as First Citizens Innovation Banking, First Citizens Fund Banking and the wine division is under First Citizens Bank.

The rebrand is a name change, not a change in our go-to-market approach, client service model or solution set. Our clients will continue working with knowledgeable bankers who continue to provide the same deep expertise, valuable connections, strategic insights, and a long-term partnership approach supporting their goals and ambitions. Our commitment to the innovation economy is as strong as ever.

For additional questions on the rebrand, please visit  FirstCitizens.com/rebrand.

No. Our clients’ Relationship Managers and Relationship Advisors remain the same. Access to services remains unchanged, and clients are receiving direct communication.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $225 billion in assets and a member of the Fortune 500™.

Silicon Valley Bank (SVB) experienced a bank run and was placed into FDIC receivership on March 10, 2023. SVB closed for one business day, reopening on March 13, 2023, as a bridge bank providing the same products, solutions, and services as the week before. On March 27, 2023, First Citizens Bank acquired SVB. All customer deposits were fully assumed.

Since this acquisition, Silicon Valley Bank has operated as a division of First Citizens Bank, a top 20 U.S. financial institution with more than $225 billion in assets, maintaining its focus on the innovation economy that has defined SVB since1983.

In Q4 2026, Silicon Valley Bank rebranded to First Citizens Innovation Banking and First Citizens Fund Banking. The SVB Wine division was also rebranded as First Citizens Bank.

The Silicon Valley Bank division now operates First Citizens Innovation Banking and First Citizens Fund Banking, backed by one of the top 20 banks in the United States. First Citizens Bank maintains a strong balance sheet position with a solid capital and liquidity profile, and an established culture of prudent risk management. The SVB division’s dedicated innovation economy teams, its sector expertise, and its client relationships remain intact.

Since the acquisition, the SVB division has continued to invest in new solutions to provide clients with the best service, including its award-winning online banking platform, and its venture debt lending relationship with Pinegrove Venture Partners. First Citizens Bank has also demonstrated commitment to the innovation economy by investing in key markets, including purchasing new large-scale office buildings in San Francisco, Palo Alto, Santa Monica and Boston in 2025.

Yes, absolutely. First Citizens Innovation Banking, formerly Silicon Valley Bank's Technology and Healthcare Banking Division, is a leading partner for technology and life science and healthcare companies. It serves startups and companies of all sizes across enterprise software, fintech, climate tech, hardware, life sciences, healthcare, venture capital and private equity. It is the banking partner for half of the Forbes 2026 Fintech 50 and 32% of the Forbes 2026 AI 50. This business was purpose-built for investors and operators in the innovation sector and refined over decades. In Q4 2026, Silicon Valley Bank's Technology and Healthcare Banking Division rebranded as First Citizens Innovation Banking, and our commitment to the innovation economy is as strong as ever.