SVB Private has been integrated into First Citizens Wealth Management.

Yes. Since March 27, 2023 when the bank was acquired, SVB has been operating as a division of First Citizens Bank and is serving the same investor and innovation economy clients that it has for the past 40 years - now with the financial backing of First Citizens, a full-service bank, with a 125-year tradition of helping clients pursue their financial goals.

We will send you information about the transition of your deposit and/or loan accounts to First Citizens approximately one month prior to the transition of your accounts. Messages regarding your deposit and loan account transition will also be shared in the mobile banking app you use to access your accounts. You also may determine when your specific deposit and loan accounts are transitioning to First Citizens by looking at the mobile banking app you use to login. 

If your app looks like this...		If your app looks like this...
...then you are an SVB Private client and your deposits and loan accounts have already transition to First Citizens as of February 20, 2024. Click here for more information.		...then your deposit and loan accounts are on Boston Private systems and will transition to First Citizens late in 2024. We will be contacting you in the coming months with more information.

The SVB Commercial business will continue to operate as a division of First Citizens Bank using the SVB and Silicon Valley Bank names. Current SVB Private accounts, including those opened with Boston Private, will be transitioned to First Citizens as part of systems integrations, and the SVB Private brand will no longer be used by the end of 2024.  

We will communicate in advance of any changes that may impact you. Specific information regarding changes to your accounts and services will be sent to you by mail. Be sure to watch your mail and email for information and updates. As always, you may still reach out to your private banker with any questions.

Yes. Please continue to work with your same team. SVB’s dedicated and specialized client service team, relationship advisors, product advisors and relationship management teams are operating as they have been. Team members supporting private banking relationships have become associates of First Citizens Wealth Management and will continue to manage existing client relationships following the transition of accounts and services to First Citizens platforms in 2024.

For accounts that have yet to transition, you can continue to access your SVB accounts as you always have. Following the transition of your accounts to First Citizens in 2024, you will have online access to your accounts through First Citizens Digital Banking. You will also have access to your accounts at more than 500 First Citizens Bank branches nationwide.

Yes, First Citizens is fully committed to continuing to help innovators, entrepreneurs and investors. While SVB Commercial is now a division of First Citizens Bank, it will have the same focus on supporting the innovation economy that it always had. Going forward, SVB Commercial will maintain its own credit policy and offer specialized services to meet the unique needs of clients in the innovation and technology sectors.