SVB Financial Group Announces $11.2 Billion Community Benefits Plan SANTA CLARA, Calif. and BOSTON , May 20, 2021 |PRNewswire| -- SVB Financial Group ("SVB") (NASDAQ: SIVB ), the parent of Silicon Valley Bank, the bank of the world''s most innovative companies and their investors, today announced a proposed five-year, $11.2 billion community benefits plan that builds on its long-standing commitment toward helping small businesses, financing affordable housing, reinvesting in low- and moderate-income ("LMI") communities and supporting the greater good through philanthropy and volunteering. The plan was developed in collaboration with the California Reinvestment Coalition ("CRC"), The Greenlining Institute, Massachusetts Affordable Housing Alliance ("MAHA") and Massachusetts Association of Community Development Corporations ("MACDC"), based on anticipated growth resulting from and subject to the completion of SVB''s pending acquisition of Boston Private Financial Holdings, Inc. ("Boston Private") (NASDAQ: BPFH ), the parent of Boston Private Bank Trust Company.