Davis Polk & Wardwell LLP is advising Banc of America Securities LLC and J.P. Morgan Securities LLC as the joint book-running managers on an SEC-registered debt offering by SVB Financial Group of $350 million aggregate principal amount of 5.375% senior notes due 2020. The transaction is expected to close on September 20, 2010.

Headquartered in Santa Clara, California, SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer services, asset management and a wide range of financial services for companies of all sizes and stages.

The Davis Polk team includes partners Alan F. Denenberg and Sarah K. Solum and associates Nicholas M. Janof and David J. Zelkind. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa are providing tax advice. Associate Christine E. Graham of the New York office is providing regulatory advice. Michael Nguyen is the legal assistant on the transaction. Unless otherwise mentioned, all members of the Davis Polk team are based in the Menlo Park office.