SVB FINANCIAL GROUP FORM 8-K (Current report filing) Filed 07/25/00 for the Period Ending 07/25/00 Address 3003 TASMAN DR SANTA CLARA, CA 95054 Telephone 4086547400 CIK 0000719739 Symbol SIVB SIC Code 6022 - State Commercial Banks Industry Regional Banks Sector Technology Fiscal Year 12/31 http://www.edgar-online.com Copyright 2008, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) JULY 25, 2000 SILICON VALLEY BANCSHARES (Exact name of registrant as specified in its charter) DELAWARE 15637 91-1962278 ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 3003 TASMAN DRIVE, SANTA CLARA, CA 95054 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (408) 654-7400 ------------------------------ N/A (Former name and former address, if changed since last report.)
ITEM 5. OTHER EVENTS. ITEM 5.1 This report is filed pursuant to Item 5 to Form 8-K to report the announcement of the investment by Silicon Valley Bancshares (the "Company") in the Nippon Credit Bank and the partnering of the Company with Softbank in connection with the investment in the Nippon Credit Bank. All statements in the press release filed as Exhibit 99.1 to this report regarding our expected financial position, business and strategies are forward-looking statements. In addition, in the press release, the words "anticipates," "believes," "estimates," "seeks," "expects," "plans," "intends" and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, and have based these expectations on our beliefs as well as assumptions we have made, such expectations may prove to be incorrect. For information with respect to factors that could cause actual results to differ from the expectations stated in the forward-looking statements, see the text under the caption "Risk Factors" included in Amendment No. 1 to the registration statement on Form S-3 we filed with the Securities and Exchange Commission on July 13, 2000. The Company urges investors to consider these factors carefully in evaluating the forward-looking statements contained in the press release filed as Exhibit 99.1 to this report. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in the press release filed as Exhibit 99.1 to this report are made only as of the date of such release. The Company does not intend, and undertakes no obligation, to update these forward-looking statements. ITEM 5.2 This report is filed pursuant to Item 5 to Form 8-K also to report the announcement that SVB Strategic Investors Fund, L.P., completed its first close of $64.5 million on June 21, 2000. All statements in the press release filed as Exhibit 99.2 to this report regarding our expected financial position, business and strategies are forward-looking statements. In addition, in the press release, the words "anticipates," "believes," "estimates," "seeks," "expects," "plans," "intends" and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, and have based these expectations on our beliefs as well as assumptions we have made, such expectations may prove to be incorrect. For information with respect to factors that could cause actual results to differ from the expectations stated in the forward-looking statements, see the text under the caption "Risk Factors" included in Amendment No. 1 to the registration statement on Form S-3 we filed with the Securities and Exchange Commission on July 13, 2000. The Company urges investors to consider these factors carefully in evaluating the forward-looking statements contained in the press release filed as Exhibit 99.2 to this report. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in the press release filed as Exhibit 99.2 to this report are made only as of the date of such release. The Company does not intend, and undertakes no obligation, to update these forward-looking statements. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. ITEM 7.1 The press release issued in connection with the announcement described in Item 5.1 above is filed as Exhibit 99.1 to this report. ITEM 7.2 The press release issued in connection with the announcement described in Item 5.2 above is filed as Exhibit 99.2 to this report. 2
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SILICON VALLEY BANCSHARES Date July 25, 2000 By /s/ Donal Delaney --------------------- ----------------------------- Name: Donal Delaney Title: Controller 3
Exhibit 99.1 Bank Contact: Agency Contact: ANDREA MCGHEE DAVID GRANDEY (408) 654-3078 (408) 998-5433 July 6, 2000 SILICON VALLEY BANCSHARES INVESTS IN NIPPON CREDIT BANK AND PARTNERS WITH SOFTBANK SANTA CLARA, CALIF. -- Silicon Valley Bancshares, (Nasdaq: SIVB), parent company of Silicon Valley Bank, announced today it has invested $2.5 million in the Nippon Credit Bank. This bank, headquartered in Tokyo, Japan, was recently purchased for $951 million by a consortium of financial institutions led by Softbank and including leasing firm Orix Corporation, Tokio Marine & Fire Insurance Company, Ltd., Silicon Valley Bank, Lehman Brothers Holdings, Inc., Chase Manhattan Corporation, and UBS AG. "Silicon Valley Bancshares made this investment as part of its overall global strategy of building strategic alliances with other financial institutions around the world focused on emerging technology companies," said President and Chief Executive Officer John C. Dean. "We are very pleased about this opportunity to partner with Softbank and Nippon Credit Bank in the creation of this global alliance." "We are pleased to have Silicon Valley Bancshares as an investor in Nippon Credit Bank. One of our goals is to build Nippon Credit Bank into the leading technology bank in Japan, and we look forward to partnering with Silicon Valley Bancshares to accomplish that goal," said Softbank President and Chief Executive Officer Masayoshi Son. Silicon Valley Bank serves emerging growth and middle-market companies in targeted niches, focusing on the technology and life sciences industries, while also identifying and capitalizing on opportunities to serve companies in other industries whose financial services needs the Bank believes are underserved. The Bank operates offices throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Durham, North Carolina; Northern Virginia; and Seattle, Washington. - End -
Exhibit 99.2 Bank Contact: Agency Contact: ANDREA MCGHEE DAVID GRANDEY (408) 654-3078 (408) 998-5433 July 24, 2000 SILICON VALLEY BANCSHARES' STRATEGIC INVESTORS FUND COMPLETES FIRST CLOSE ON $64.5 MILLION SANTA CLARA, CA -- Silicon Valley Bancshares, (Nasdaq: SIVB), parent company of Silicon Valley Bank, announced today that its SVB Strategic Investors Fund, L.P. (the "Fund") had its first close of $64.5 million on June 21, 2000. Subsequent to the closing, commitments had been made to Menlo Ventures, Redpoint Ventures, Sierra Ventures, and Weiss, Peck & Greer Venture Partners, along with seven additional commitments expected to be made by early September. The Fund is providing limited partners with a diversified portfolio of investments in some of the top performing venture funds in the country. This represents the first time Silicon Valley Bancshares has raised a fund with outside limited partners to make investments in venture capital funds. The Fund is expected to close on or before September 20, 2000, and in excess of its original target of $100 million. "This Fund draws on our unique position in the market as a strategic, value added financial services provider to the venture funds and their portfolio companies," said Harry Kellogg, Vice Chairman of the Board and Head of Strategic Initiatives for Silicon Valley Bank. "The Fund leverages the many relationships the Bank has built over our 17-year history to financially and strategically benefit both the Bank and its limited partners." This release includes "forward-looking statements" as that term is used in the securities laws. All statements regarding the Company's expected financial position, business and strategies are forward-looking statements. In addition, in this release the words "anticipates," "believes," "estimates," "seeks," "expects," "plans," "intends" and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, and has based these expectations on the Company's beliefs as well as assumptions it has made, such expectations may prove to be incorrect. For information with respect to factors that could cause actual results to differ from the expectations stated in the forward-looking statements, see the text under the caption "Risk Factors" included in Item 7 of our Report on Form 10-K dated March 17, 2000. The Company urges investors to consider these factors carefully in evaluating the forward-looking statements contained in this release. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this release are made only as of the date of this release. The Company does not intend, and undertakes no obligation, to update these forward-looking statements. 2
Silicon Valley Bank serves emerging growth and middle-market companies in targeted niches, focusing on the technology and life sciences industries, while also identifying and capitalizing on opportunities to serve companies in other industries whose financial services needs the Bank believes are underserved. The Bank operates offices throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington. - End - 3 End of Filing 2005 EDGAR Online, Inc.