SVB Financial Group Is Compliant With Nasdaq's Continued Listing Requirements
January 11 2006 - 7:45AM
PR Newswire (US)
Nasdaq to Remove 'E' From Company Ticker Symbols on January 12,
2006 SANTA CLARA, Calif., Jan. 11 /PRNewswire-FirstCall/ -- SVB
Financial Group (NASDAQ:SIVBE) today announced that the Nasdaq
Listing Qualifications Panel has determined that the company has
evidenced compliance with all Nasdaq Marketplace Rules and that the
company's securities will continue to be listed on The Nasdaq
National Market. The company has been informed by Nasdaq that the
fifth character "E" will be removed from the symbols denoting the
company's common stock (SIVB) and its 7% cumulative trust preferred
securities (SIVO) at the opening of trading on Thursday, January
12, 2006. Nasdaq's decision follows SVB Financial Group's
completion and subsequent filing, on December 30, 2005, of its
amended Annual Report on Form 10-K/A for the year 2004, its amended
Quarterly Report on Form 10-Q/A for the quarter ended March 31,
2005, and its Quarterly Reports on Form 10-Q for the quarters ended
June 30, 2005 and September 30, 2005. About SVB Financial Group For
more than twenty years, SVB Financial Group, formerly Silicon
Valley Bancshares, has been dedicated to helping entrepreneurs
succeed. SVB Financial Group is a financial holding company that
serves emerging growth and mature companies in the technology, life
science, private equity and premium wine industries. Headquartered
in Santa Clara, Calif., SVB Financial Group provides clients with
commercial, investment, international and private banking services.
The company also offers funds management, broker-dealer
transactions, asset management and a full range of services for
private equity companies, as well as the added value of its
knowledge and networks worldwide. More information on the company
can be found at http://www.svb.com/. DATASOURCE: SVB Financial
Group CONTACT: investors, Lisa Bertolet, +1-408-654-7282, or media,
Meghan O'Leary, +1-408-654-6364, both of SVB Financial Group Web
site: http://www.svb.com/
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