Finance
Silicon Valley Bank Pitches Its Comeback Story at Las Vegas Conference
- ‘We’re not afraid to re-earn that trust,” SVB executive says
- Bank was bought by First Citizens after collapsing in March
This article is for subscribers only.
In a quiet, beige hospitality suite tucked away in Las Vegas’s Venetian hotel, executives at Silicon Valley Bank — the tech-friendly lender which collapsed after a bank run — gathered to hammer home a message: The bank is back.
After failing in a matter of days and largely being subsumed by regional lender First Citizens BancShares Inc. weeks later, the business — now a unit of First Citizens and still using its old name — is fighting to win back clients and reassert itself as a go-to financial partner for startups and venture capital funds.