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Fill in this information to identify the case:

United States Bankruptcy Court for the:

Southern
____________________ New York
District of _________________
(State)
11
Case number (If known): _________________________ Chapter _____ ‰ Check if this is an
amended filing

Official Form 201

Voluntary Petition for Non-Individuals Filing for Bankruptcy 06/22

If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor’s name and the case
number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available.

1. Debtor’s name SVB Financial Group

______________________________________________________________________________________________________

2. All other names debtor used N/A

______________________________________________________________________________________________________
in the last 8 years ______________________________________________________________________________________________________
______________________________________________________________________________________________________
Include any assumed names,
______________________________________________________________________________________________________
trade names, and doing business
as names ______________________________________________________________________________________________________

3. Debtor’s federal Employer 9 ___

___ 1 – ___
1 ___
9 ___
6 ___
2 ___
2 ___
7 ___
8
Identification Number (EIN)

4. Debtor’s address Principal place of business Mailing address, if different from principal place
of business

387 Park Avenue South

______________________________________________ _______________________________________________
Number Street Number Street

______________________________________________ _______________________________________________
P.O. Box

New York NY 10016

______________________________________________ _______________________________________________
City State ZIP Code City State ZIP Code

Location of principal assets, if different from

principal place of business
New York
______________________________________________
County _______________________________________________
Number Street

_______________________________________________

_______________________________________________
City State ZIP Code

5. Debtor’s website (URL) ____________________________________________________________________________________________________

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1
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Debtor SVB Financial Group
_______________________________________________________ Case number (if known)_____________________________________
Name

6. Type of debtor ‰
✔ Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))
‰ Partnership (excluding LLP)
‰ Other. Specify: __________________________________________________________________

A. Check one:
7. Describe debtor’s business
‰ Health Care Business (as defined in 11 U.S.C. § 101(27A))
‰ Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))
‰ Railroad (as defined in 11 U.S.C. § 101(44))
‰ Stockbroker (as defined in 11 U.S.C. § 101(53A))
‰ Commodity Broker (as defined in 11 U.S.C. § 101(6))
‰ Clearing Bank (as defined in 11 U.S.C. § 781(3))
‰
✔ None of the above

B. Check all that apply:

‰ Tax-exempt entity (as described in 26 U.S.C. § 501)

‰ Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C.
§ 80a-3)
‰
✔ Investment advisor (as defined in 15 U.S.C. § 80b-2(a)(11))

C. NAICS (North American Industry Classification System) 4-digit code that best descr bes debtor. See
http://www.uscourts.gov/four-digit-national-association-naics-codes .
5 ___
___ 2 ___
3 ___
9

8. Under which chapter of the Check one:

Bankruptcy Code is the
debtor filing? ‰ Chapter 7
‰ Chapter 9
‰
✔ Chapter 11. Check all that apply:
A debtor who is a “small business
debtor” must check the first sub- ‰ The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its
box. A debtor as defined in aggregate noncontingent liquidated debts (excluding debts owed to insiders or
§ 1182(1) who elects to proceed affiliates) are less than $3,024,725. If this sub-box is selected, attach the most
under subchapter V of chapter 11 recent balance sheet, statement of operations, cash-flow statement, and federal
(whether or not the debtor is a income tax return or if any of these documents do not exist, follow the procedure in
“small business debtor”) must 11 U.S.C. § 1116(1)(B).
check the second sub-box. ‰ The debtor is a debtor as defined in 11 U.S.C. § 1182(1), its aggregate
noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are
less than $7,500,000, and it chooses to proceed under Subchapter V of
Chapter 11. If this sub-box is selected, attach the most recent balance sheet,
statement of operations, cash-flow statement, and federal income tax return, or if
any of these documents do not exist, follow the procedure in 11 U.S.C.
§ 1116(1)(B).

‰ A plan is being filed with this petition.

‰ Acceptances of the plan were solicited prepetition from one or more classes of
creditors, in accordance with 11 U.S.C. § 1126(b).

‰
✔ The debtor is required to file periodic reports (for example, 10K and 10Q) with the
Securities and Exchange Commission according to § 13 or 15(d) of the Securities
Exchange Act of 1934. File the Attachment to Voluntary Petition for Non-Individuals Filing
for Bankruptcy under Chapter 11 (Official Form 201A) with this form.

‰ The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule
12b-2.
‰ Chapter 12

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Debtor SVB Financial Group
_______________________________________________________ Case number (if known)_____________________________________
Name

18. Signature of attorney

8 /s/ James L. Bromley
_____________________________________________ Date 03/17/2023
_________________
Signature of attorney for debtor MM / DD / YYYY

James L. Bromley
_________________________________________________________________________________________________
Printed name
Sullivan & Cromwell LLP
_________________________________________________________________________________________________
Firm name
125 Broad Street
_________________________________________________________________________________________________
Number Street
New York
____________________________________________________ NY
____________ 10003
______________________________
City State ZIP Code

(212)558-4000
____________________________________ [email protected]
__________________________________________
Contact phone Email address

2333912
______________________________________________________ NY
____________
Bar number State

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Official Form 201A (12/15)
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SXUVXDQW WR 6HFWLRQ  RU G RI WKH 6HFXULWLHV ([FKDQJH $FW RI  DQG LV UHTXHVWLQJ UHOLHI XQGHU FKDSWHU  RI WKH
%DQNUXSWF\ &RGH WKLV ([KLELW A$@ VKDOO EH FRPSOHWHG DQG DWWDFKHG WR WKH SHWLWLRQ@
[Caption as in Form 416B]

Attachment to Voluntary Petition for Non-Individuals Filing for

Bankruptcy under Chapter 11

1. If any of the debtor’s securities are registered under Section 12 of the Securities Exchange Act of
1934, the SEC file number is 001-39154.

2. The following financial data is the latest available information and refers to the debtor’s condition on
December 31, 2022.
a. Total assets $ 19,679,000,0001

b. Total debts (including debts listed in 2.c., below) $ 3,675,000,000

c. Debt securities held by more than 500 holders2
Approximate
number of
holders:

secured □ unsecured ☒ subordinated □ $ 350,0003 Not available

secured □ unsecured ☒ subordinated □ $ 650,0004 Not available
secured □ unsecured ☒ subordinated □ $ 500,0005 Not available
secured □ unsecured ☒ subordinated □ $ 350,0006 Not available
secured □ unsecured ☒ subordinated □ $ 500,0007 Not available
secured □ unsecured ☒ subordinated □ $ 500,0008 Not available
secured □ unsecured ☒ subordinated □ $ 450,0009 Not available

d. Number of shares of preferred stock 383,500

e. Number of shares common stock 59,171,883

Comments, if any:

3. Brief Description of debtor’s business: SVB Financial Group is a financial services company__
focusing on the innovation economy, offering financial products and services to clients across the
United States and in key international markets. Prior to March 10, 2023, SVB Financial Group__
owned and operated Silicon Valley Bank, a state-chartered bank.

1
As of December 31, 2022, approximately $15,456,000 was attributable to the debtor’s bank subsidiary, Silicon Valley Bank.
2
The debtor believes that its public debt may be widely held; however, the debtor is unable to determine with certainty the
number of beneficial holders for each issuance of debt securities. Out of abundance of caution, each of the debtor’s public debt
issuances is detailed herein.
3
3.50% Senior Notes due 2025.
4
1.800% Senior Notes due 2026.
5
2.100% Senior Notes due 2028.
6
4.345% Senior Fixed Rate/Floating Rate Notes due 2028.
7
3.125% Senior Notes due 2030.
8
1.800% Senior Notes due 2031.
9
4.570% Senior Fixed Rate/Floating Rate Notes due 2033.
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4. List the names of any person who directly or indirectly owns, controls, or holds, with power to vote,
5% or more of the voting securities of debtor:
The Vanguard Group
BlackRock, Inc.
State Street Corporation
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EXHIBIT A 
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PROPOSED RESOLUTIONS TO BE ADOPTED BY 
THE BOARD OF DIRECTORS OF 
SVB FINANCIAL GROUP 
March 16, 2023 

VOLUNTARY PETITION AND BANKRUPTCY CASE 

WHEREAS, the Board of Directors (the “Board”) of SVB Financial Group, a corporation organized 
and existing under the laws of the State of Delaware (the “Company”) has reviewed and discussed the 
financial and operational condition of the Company and the Company’s business, including the current 
and historical performance of the Company, the assets and liquidity of the Company, the current and 
long‐term liabilities of the Company and the market conditions;  

WHEREAS, the Board has received, reviewed, and discussed the recommendations of 
management of the Company and the Company’s legal, financial, and other advisors as to the relative 
risks and benefits of the strategic alternatives available to the Company, including a bankruptcy 
proceeding (the “Bankruptcy Case”) under the provisions of Chapter 11 of Title 11 of the United States 
Code, 11 U.S.C. §§ 101 et seq. (the “Bankruptcy Code”), and has discussed the “first day” and certain 
subsequent filings that would be proposed to be made by the Company in connection with the 
Bankruptcy Case (the “Initial Filings”); 

WHEREAS, after review and discussion and due consideration of all of the information 
presented to the Board, the Board deems it advisable and in the best interests of the Company, its 
shareholders, its creditors, its subsidiaries, stakeholders, and other interested parties, for the Company 
to commence the Bankruptcy Case by filing a voluntary petition for relief under the provisions of the 
Bankruptcy Code (the “Petition”); and 

WHEREAS, the Board deems it advisable and in the best interests of the Company, its 
shareholders, its creditors, its subsidiaries, stakeholders, and other interested parties, for the Company 
to make the Initial Filings and to conduct the business of the Company as contemplated thereby; 

NOW, THEREFORE, IT IS HEREBY: 

Filing of Voluntary Petition 

RESOLVED, that having considered all relevant facts and circumstances, in the judgment of the 
Board, it is desirable and in the best interests of the Company, its shareholders, its creditors, its 
subsidiaries, stakeholders, and other interested parties that the Petition and the Initial Filings be filed by 
the Company in the United States Bankruptcy Court for the Southern District of New York (the 
“Bankruptcy Court”); and  

RESOLVED, that the Company shall be, and it hereby is, authorized, directed and empowered (i) 
to file the Petition and the Initial Filings and (ii) to perform any and all such acts as are reasonable, 
advisable, expedient, convenient, proper or necessary to effect the foregoing; and  

RESOLVED, that the Chief Restructuring Officer be, and hereby is, authorized, directed and 
empowered, on behalf of and in the name of the Company to execute and verify the Petition and the 
Initial Filings as well as all other ancillary documents and to cause the Petition and the Initial Filings to be 
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filed with the Bankruptcy Court, and to make or cause to be made prior to the execution thereof any 
modifications to the Petition, the Initial Filings, or any ancillary documents, and to execute, verify and 
file or cause to be filed all petitions, schedules, lists, motions, applications and other papers or 
documents, agreements, deeds, letters, instruments or certificates necessary or desirable in connection 
with any of the foregoing; and 

RESOLVED, that the law firm of Sullivan & Cromwell LLP (“S&C”) be, and hereby is, authorized, 
empowered and directed to represent the Company as its general bankruptcy counsel in connection 
with the Bankruptcy Case, to represent and assist the Company in carrying out its duties under the 
Bankruptcy Code and to take any and all actions to advance the Company’s rights, including the 
preparation of pleadings and filings in the Bankruptcy Case; and in connection therewith, the Chief 
Restructuring Officer be, and hereby is, authorized, directed and empowered, on behalf of and in the 
name of the Company to execute appropriate retention agreements, pay appropriate retainers prior to 
and immediately upon the filing of the Bankruptcy Case, and to cause to be filed an appropriate 
application for authority to retain the services of S&C; and 

RESOLVED, that the investment bank of Centerview Partners LLC (“Centerview”) be, and hereby 
is, engaged to provide investment banking and other related services to the Company in the Bankruptcy 
Case; and in connection therewith, the Chief Restructuring Officer be, and hereby is, authorized, 
directed and empowered, on behalf of and in the name of the Company to execute appropriate 
retention agreements, pay appropriate retainers prior to and immediately upon the filing of the 
Bankruptcy Case, and to cause to be filed an appropriate application for authority to retain the services 
of Centerview; and  

RESOLVED, that the firm of Alvarez & Marsal North America LLC (“A&M”) be, and hereby is, 
engaged to provide restructuring advice and other related services to the Company in the Bankruptcy 
Case; and in connection therewith, the Chief Restructuring Officer be, and hereby is, authorized, 
directed and empowered, on behalf of and in the name of the Company, to execute appropriate 
retention agreements, pay appropriate retainers prior to and immediately upon the filing of the 
Bankruptcy Case, and to cause to be filed an appropriate application for authority to retain the services 
of A&M; and  

RESOLVED, that the firm of Kroll Restructuring Administration LLC (“Kroll”) be, and hereby is, 
engaged to act as notice, claims and balloting agent and to provide other related services to the 
Company in the Bankruptcy Case; and in connection therewith, the Chief Restructuring Officer be, and 
hereby is, authorized, directed and empowered, on behalf of and in the name of the Company, to 
execute appropriate retention agreements, pay appropriate retainers prior to and immediately upon the 
filing of the Bankruptcy Case, and to cause to be filed an appropriate application for authority to retain 
the services of Kroll; and 

RESOLVED, that, the Chief Restructuring Officer be, and hereby is, authorized to cause the 
Company to employ other special counsel, financial advisors, investment bankers, accountants, 
restructuring advisors, notice, balloting and claims agents and other professionals as appropriate in 
connection with the Bankruptcy Case and all related matters.   

General Authority and Implementing Resolutions 
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RESOLVED, that the necessity, advisability and appropriateness of any action taken, any 
approval given or any amendment or change to any document or agreement made by the Chief 
Restructuring Officer pursuant to the authority granted under these resolutions shall be conclusively 
evidenced by the taking of any such action, or the execution, delivery or filing of any such document or 
agreement;  

RESOLVED, that the Board hereby adopts and incorporates by reference any form of specific 
resolution not inconsistent with these resolutions to carry into effect the purpose and intent of the 
foregoing resolutions, or covering authority including in matters authorized in the foregoing resolutions, 
including forms of resolutions in connection therewith that may be required by a trustee, the SEC, the 
Federal Deposit Insurance Corporation, the Federal Reserve, the California Department of Financial 
Protection and Innovation, the NASDAQ, the Financial Industry Regulatory Authority or any state or 
other institutions, person, agency or governmental authority (collectively, “Governmental Entities”), 
and the Secretary of the Company is hereby directed to insert a copy thereof in the minute book of the 
Company following the minutes of this meeting and certify the same as duly adopted thereby; 

RESOLVED, that the Chief Restructuring Officer is hereby authorized and empowered to 
perform, or cause to be performed, all such acts, deeds and things to make, execute and deliver, or 
cause to be made, executed and delivered, all such agreements, undertakings, documents, instruments 
or certificates in the name and on behalf of the Company or otherwise as the Chief Restructuring Officer 
may deem necessary, advisable or appropriate to effectuate or carry out fully the purpose and intent of 
the foregoing resolutions, including with respect to any filings, submissions or notices that may be 
required by any Governmental Entities with respect to the matters addressed herein; and 

RESOLVED, that all acts and deeds heretofore done in connection with the actions 
contemplated in the above resolutions by any officer or director of the Company for or on behalf of the 
Company in entering into, executing, acknowledging or attesting any arrangements, agreements, 
instruments or documents, or in carrying out the terms and intentions of the above resolutions are 
hereby ratified, approved and confirmed in all respects.  

* * * *