‘We Never Thought a Bank So Successful Could Collapse So Fast’

Silicon Valley Bank’s strength, its close ties to the tech industry, also contributed to its failure

Photo-illustration by Alexandra Citrin-Safadi

Silicon Valley Bank was a center of gravity in the tech industry. Its bankers understood technology and were eager to support unproven companies.

They gave advice to executives and made personal loans to them, helping them splurge on homes and vineyards. The bankers hosted poker games, cooking classes, boat parties and mixers that brought together entrepreneurs and investors.

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