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SVB Financial Group Message Board

  • Krust007 Krust007 May 23, 2001 11:52 AM Flag

    Am Banker Article

    This is from an American Banker May 22 article about Imperial Bank's credit-quality problems. SIVB at P/E around 10 is beautiful.

    Still, the few other banking companies that lend to and take deposits from the same
    general group of emerging growth companies have not shown much deterioration.

    Silicon Valley Bancshares of Santa Clara, the widely acknowledged leader in this market,
    has maintained its asset quality despite a downturn in deposits from venture-backed
    startups. "It shows they've steered clear of the e-commerce bubble" on the lending side,
    said David Winton of Keefe, Bruyette & Woods Inc.

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    • Thanks to the Krusty one. Re Imperial-in addition to their potential credit problemsthey will be hamstrung by their superiors (Comerica)in the Rust Belt. Unlikely they will tolerate any lending to the emerging growth high tech industry.Look for migration of the better lenders out of the Butter Bank.
      Maybe the best ones will find a home at SIVB!
      Not to forget that Comdisco's implosion will be very helpful to SIVB.
      PS-has'nt this board become dull without the lame postings of the absent shorts?!? At least their distortions and extravagent claims kept reminding me why I love my SIVB investment.

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