|Bid||25.45 x 1100|
|Ask||26.47 x 900|
|Day's Range||26.26 - 26.49|
|52 Week Range||23.12 - 27.43|
|Beta (5Y Monthly)||2.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||1.31 (4.97%)|
|Ex-Dividend Date||Apr 30, 2021|
|1y Target Est||N/A|
A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday. Elliot Smerling, 52, of Lake Worth, Florida, was charged with wire fraud and bank fraud, each carrying a maximum 30-year prison term, as well as aggravated identity theft. The indictment came after Silicon Valley Bank sued Smerling on March 24, saying he fraudulently obtained the loan after saying he had backing from prominent investors like billionaire hedge fund manager and New York Mets owner Steven Cohen.
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SVB Financial Group (SVB), parent company of Silicon Valley Bank, the bank of the world's most innovative companies and their investors, today announced a new University Scholarship Program, which will fund approximately 25 full-ride scholarships. SVB is providing $5 million in funding for four-year scholarships beginning this fall at Arizona State University, Florida A&M University, Tulane University and Xavier University of Louisiana as part of the company's university relations initiative to expand the pool of talent for its growing business.