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US SVB Financial Group picks JP Morgan Securities, BofA Merrill Lynch to handle stock issue

Posted on: Tue, 17 Nov 2009 08:38:00 EST

Symbols: SIVB

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Nov 17, 2009 (M2 EQUITYBITES via COMTEX) --
SIVB | Quote | Chart | News | PowerRating -- 17 November 2009 - US SVB Financial Group (NASDAQ:SIVB) said Monday it
has mandated JP Morgan Securities and BofA Merrill Lynch to manage its
stock offering.

The share issue will be co-managed by Keefe, Bruyette & Woods, RBC
Capital Markets Corp and Sandler O'Neill & Partners LP.

The financial services provider plans to issue stock worth a total
USD300m (EUR201.3m) and to grant underwriters the option to buy up to
15% of additional shares to cover possible over-allotments.

Meanwhile, SVB Financial Group will notify the US Treasury of its plans
to buy back all of its outstanding 235,000 shares of the B series fixed
rate cumulative perpetual preferred stock, as well as of a warrant to
buy 708,116 common shares issued to the Treasury under its capital
purchase programme.

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For full details on SVB Financial Group (SIVB) SIVB. SVB Financial Group (SIVB) has Short Term PowerRatings at TradingMarkets. Details on SVB Financial Group (SIVB) Short Term PowerRatings is available at This Link.

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