For 40 years, Silicon Valley Bank was a tech industry icon. It collapsed in just days
Silicon Valley Bank was not a household name. For four decades, SVB successfully competed with big name financial institutions only to come crumbling down in a matter of days.
Silicon Valley Bank is now known as the biggest U.S. bank failure since 2008.
Before becoming known globally for its chaotic collapse, SVB was well-regarded among the tech community, which has a large presence around the San Francisco Bay Area.
The bank's collapse has had a unique impact on the area, said San José State University Assistant Professor Matthew Faulkner. The school is roughly 10 miles from the bank's headquarters in Santa Clara.
"We're in the middle of it. You could feel the mania and the panic and the concern and the interest.It's not uncommon to know
