8-K

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): March 3, 2008

SVB Financial Group

(Exact name of registrant as specified in its charter)

Delaware	000-15637	91-1962278
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3003 Tasman Drive, Santa Clara, CA 95054-1191

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (408) 654-7400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.142-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 3, 2008, SVB Financial Group (the “Company”) announced the promotions of Greg Becker as the President of Silicon Valley Bank, the principal subsidiary of the Company, and Dave Webb as the Chief Operations Officer of the Company. The appointments are effective as of March 1, 2008.

Mr. Becker, age 40, joined the Company in May 1993. Since 1993, he has held various positions within the Company, including Division Manager of the Venture Capital Group from February 1999 to December 2001, Chief Banking Officer from January 2002 to September 2003, and most recently Chief Operating Officer, Commercial Bank from September 2003 up until his promotion to President of Silicon Valley Bank. Mr. Becker earned a bachelor’s degree in Finance from Indiana University.

Mr. Webb, age 52, joined the Company in July 2004 as Chief Information Officer and had been serving in that role prior to his promotion to Chief Operations Officer. Prior to joining the Company, Mr. Webb was Vice President, Investment Banking Division at Goldman Sachs from November 1999 to June 2004. Mr. Webb was also Chief Information Officer at Bank One from January 1997 to November 1999. Mr. Webb earned his bachelor’s degree in Russian from the University of London and a master’s degree in Business Administration from the J.L. Kellogg Graduate School of Management at Northwestern University.

As previously disclosed in our 2007 proxy statement, Mr. Becker participates in the SVB Qualified Investor Fund LLC and SVB Qualified Investor Fund II, LLC.

In connection with their promotions and annual merit increases, effective March 1, 2008, the annual base salaries of Messrs. Becker and Webb were increased to $425,000 and $300,000, respectively. Messrs. Becker and Webb will be eligible for annual bonus targets of up to $340,000 and $165,000, respectively. Further, Messrs. Becker and Webb are expected to receive long-term target incentives, in the amounts of up to $550,000 and $250,000, respectively. Such long-term incentives are expected to consist of equity award grants and other long-term incentives under the Company’s retention program.

A copy of the press release regarding the promotions of Messrs. Becker and Webb is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release, dated March 3, 2008, announcing the promotions.

SIGNATURES

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.

Date: March 3, 2008	SVB FINANCIAL GROUP
	By:	/s/ KENNETH P. WILCOX
	Name:	Kenneth P. Wilcox
	Title:	President and Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release, dated March 3, 2008, announcing the promotions.

EX-99.1

Exhibit 99.1

Contact:

Carrie Merritt

SVB Financial Group

503.574.3705

cmerritt@svb.com

GREG BECKER PROMOTED TO PRESIDENT OF SILICON VALLEY BANK

Dave Webb Takes On Chief Operations Officer Position

SANTA CLARA, Calif., BOSTON and DENVER –– March 3, 2008 — SVB Financial Group (Nasdaq: SIVB), a leading provider of diversified financial services to companies in the technology, life science, private equity and premium wine industries, announced the promotion of Greg Becker to president of Silicon Valley Bank.

“Having successfully led our nationwide commercial banking operation through significant growth, Greg has been a critical contributor to the SVB team,” said Kenneth Wilcox, CEO of SVB Financial Group. “Greg has proven to be extremely driven, creative and dedicated to the success of our clients for the last 15 years at SVB. His leadership and focus will be an important driver in our pursuit to be the premier provider of financial services to companies of all sizes in our target industries worldwide.”

Supporting the company’s infrastructure and efficiency goals, SVB also realigned various operations teams and named Dave Webb chief operations officer of SVB Financial Group responsible for overseeing banking operations, product delivery, information technology, performance improvement initiatives, security and facilities.

Serving half of the venture capital-backed companies in the U.S., Silicon Valley Bank has helped thousands of entrepreneurs and their investors succeed throughout its 25 year history. Today, SVB offers a sophisticated financial product set tailored for start-up companies as well as services geared toward large, established firms. The company serves clients worldwide through 27 U.S. offices as well as operations in China, India, Israel and the U.K.

“SVB works with the best companies and investors in the most dynamic industries, and that’s what makes this an exciting place,” said Greg Becker, president of Silicon Valley Bank. “We’ve built a great team that thrives on being a trusted partner to our clients and I couldn’t be more optimistic about our future.”

SVB’s 2008 client initiatives include developing deeper relationships with mid-market companies and private equity firms while adding more resources to support ongoing efforts with emerging, venture-backed companies, including cleantech companies. In the coming years, SVB also plans to expand its commercial banking offerings overseas.

Previously, Becker was the chief operating officer and head of commercial banking for Silicon Valley Bank. He has led the company’s Venture Capital Group, where he was responsible for building relationships with, and investing in, venture capital and private equity firms across the U.S. and developing SVB’s first fund of funds and first direct equity fund. Today, the SVB Capital family of funds is over $1 billion. Becker also opened SVB’s Boulder, Colorado office in 1996. Becker has served as president of the Board of Trustees for the Silicon Valley and Monterey Bay Area Chapter of the Leukemia & Lymphoma Society since 2004.

Webb joined SVB in 2004 as chief information officer and has been responsible for aligning the company’s information technology efforts with its business strategy. Previously Webb was a vice president in the investment banking division at Goldman Sachs, the chief information officer of Finance One at Bank One Corporation and chief technology officer for GE Capital’s Auto Finance business.

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices as well as operations in China, India, Israel and the UK. Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.

SVB Silicon Valley Bank refers to Silicon Valley Bank, the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

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