SVB's Leadership Resigns Amid Outflows and Brand Rebuilding Efforts

Silicon Valley Bank's new owner, Boston-based private equity firm Polaris Partners, is working to rebuild the bank's brand and stem outflows of deposits. The bank has faced challenges in recent years, including a decline in deposits and a loss of key executives. Polaris is focused on improving the bank's technology and expanding its offerings to better serve its clients in the tech industry.