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SVB Financial Group (NASDAQ: SIVB) announces that CFO Dan Beck will join a fireside chat at the BofA Securities 2023 Financial Services Conference on February 14, 2023, at 8:50 a.m. EST. Investors can access a live audio webcast on the SVB investor relations website. A replay will be available by the end of the same day. SVB serves as a financial partner for the innovation economy, providing commercial banking, venture investing, and wealth planning services globally. The company is headquartered in Santa Clara, California.
On January 18, 2023, Silicon Valley Bank released its 2023 State of the US Wine Industry Report, indicating mixed fortunes for the wine sector. While the premium segment saw an average revenue increase of 9.7% through September 2022, overall sales volume in the US wine industry is in negative growth due to plummeting demand for lower-priced wines. The report highlights a strong reliance on older consumers, with younger demographics showing diminished interest in wine. Challenges such as economic conditions, climate change, and supply chain issues are impacting winery sentiments. A live webinar discussing these trends will take place on the report's release date.
Flux Power Holdings, Inc. (NASDAQ: FLUX) has expanded its credit facility with Silicon Valley Bank from
SVB's annual Healthcare Investments and Exits Report highlights that healthcare venture capital funds raised nearly $22 billion in 2022, the second-largest fundraising year. Despite a decline in investment activity in the second half of 2022, $50 billion in investible capital from prior years indicates potential for future growth. The report anticipates fundraising to drop to $15 billion in 2023, but projects ongoing strong valuations for leading companies across biopharma, healthtech, medical devices, and diagnostics. The trends reflect a cautious but promising outlook.
SVB (NASDAQ: SIVB) will release its financial results for Q4 2022 on January 19, 2023, after the market closes. The results will be filed with the SEC via form 8-K and available on their Investor Relations website. A conference call to discuss the results is scheduled for the same day at 3:00 p.m. PT, with dial-in and webcast options provided. Future quarterly earnings announcements are set for April 20, July 20, October 19, and January 18, 2024. SVB Financial Group supports the innovation economy through various financial services.
SVB, parent of Silicon Valley Bank, appointed Kim Olson as Chief Risk Officer effective January 4, 2023. Olson brings over 30 years of financial services experience, including her role as Chief Risk Officer at SMBC in the Americas. She will lead SVB's risk management framework, enhancing its capabilities as the firm aims to support the innovation economy. With $213 billion in assets and over 8,200 employees, SVB continues its commitment to its clients, celebrating its 40th anniversary this year.
Aspen Neuroscience, a private biotechnology firm, has secured a $40 million credit facility with Silicon Valley Bank (SVB) as of December 21, 2022. This financing enhances their financial flexibility and complements their earlier $147.5 million Series B funding aimed at advancing their lead product candidate for Parkinson's disease, ANPD001. The company is pioneering iPSC-derived autologous cell therapies and has commenced patient screening for clinical trials. SVB's support underscores their commitment to innovative healthcare solutions.
SVB Financial Group has appointed Erin Platts as President of SVB Private and David Sabow as CEO of Silicon Valley Bank UK, pending regulatory approval. Both have extensive experience at SVB, with Platts focusing on private banking and wealth services while Sabow will lead commercial banking across EMEA. Their transitions are expected in Q2 2023, emphasizing growth in key areas and enhanced client services. CEO Greg Becker highlighted their client focus and leadership capabilities as pivotal for the company's future.
SVB Financial Group (NASDAQ: SIVB) announces CFO Dan Beck will join a fireside chat at the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022, at 8:40 a.m. EST. Interested parties can access a live audio webcast via the investor relations section of the SVB website, with a replay available by the end of the day.
SVB is dedicated to supporting the innovation economy, offering services through its various businesses, including Silicon Valley Bank and SVB Capital.
On November 16, 2022, Silicon Valley Bank and Hercules Capital announced a $300 million credit facility for Oak Street Health (NYSE: OSH). This financing aims to support Oak Street's operational and strategic initiatives over several years. The partnership reflects strong relationships built over the years. Oak Street Health focuses on value-based primary care for Medicare-eligible patients, particularly those in underserved communities. The collaboration underlines both banks' commitment to healthcare innovation and Oak Street's growth.
