SVB Financial Group Announces Full-Experience Undergraduate College Scholarship System

SANTA CLARA, Calif., May perhaps 12, 2021 /PRNewswire/ — SVB Fiscal Group (SVB), parent corporation of Silicon Valley Lender, the financial institution of the world’s most modern corporations and their traders, these days announced a new College Scholarship Plan, which will fund approximately 25 total-journey scholarships. SVB is offering $5 million in funding for four-12 months scholarships starting this slide at Arizona Condition College, Florida A&M University, Tulane University and Xavier College of Louisiana as portion of the firm’s college relations initiative to increase the pool of expertise for its rising enterprise.

Silicon Valley Bank logo. (PRNewsFoto/Silicon Valley Bank)

Silicon Valley Bank logo. (PRNewsFoto/Silicon Valley Bank)

“We’re constantly growing our attempts to supply instructional and vocation enhancement opportunities for the next generation of talent at SVB, and as component of that work we wanted to incorporate immediate financial assist for learners who need to have it most,” stated Chris Edmonds-Waters, Main Human Sources Officer of SVB. “Partnerships with these effectively-regarded faculties will fund instructional prospects that normally could possibly have been out of get to for students obtaining these scholarships. No matter whether or not the recipients look at operating at SVB someday − and we hope they do − we are thrilled to be in a position to generate options to assist their upcoming success.”

SVB’s scholarship program is being funded by a part of the expenses SVB gathered from participating in the Modest Business Administration’s Paycheck Protection Method. The universities will allocate the money for four-yr undergraduate scholarships primarily based on applicants’ money requires and educational performance. Scholarship recipients are picked by the universities. Each and every scholarship will also include a compensated summertime internship, together with housing expenses, at a single of SVB’s US destinations for every single recipient although they are attending college.

“We are deeply grateful and humbled by this reward from SVB,” mentioned Reynold Verret, President of Xavier University of Louisiana. “Many of our learners wrestle financially, and this fund makes it possible for them the option to know their goals with significantly less fret. Our pupils are long term leaders, and the aid from SVB as they continue their academic journey will only direct to a brighter tomorrow for the nation.”

The college scholarship associates were selected based mostly on immediate and measurable impact to college students, the majors and programs that align with SVB’s potential employment demands and their geographic distribution. Pupils interested in making use of for SVB scholarships may perhaps contact the universities’ fiscal assist places of work directly for a lot more information and facts.

“This donation from SVB developments Tulane’s precedence of raising scholarships for underserved pupils,” said Tulane President Michael Fitts. “Economic situations must in no way impede anybody from pursuing an instruction at Tulane. We drastically respect and value SVB’s investment decision in the educational, qualified and social progress of present-day students, who will turn into the following era of leaders.”

“I am honored that Florida A&M College (FAMU) is among the high-quality establishments in this partnership with SVB Fiscal Team. The scholarships delivered will be transformational in the life of our pupils,” mentioned FAMU President Larry Robinson, Ph.D.

About SVB Economic Team
For practically 40 years, SVB Economic Team (NASDAQ: SIVB) and its subsidiaries have served progressive companies and their investors move bold strategies forward, rapid. SVB Monetary Group’s businesses, such as Silicon Valley Financial institution, present commercial, investment decision and non-public banking, asset administration, personal prosperity administration, brokerage and financial investment services and resources management products and services to corporations in the technology, everyday living science and health care, personal equity and enterprise money, and top quality wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in facilities of innovation close to the entire world. Discover a lot more at svb.com.

SVB Fiscal Team is the keeping organization for all organization models and groups © 2021 SVB Money Team. All rights reserved. SVB, SVB Financial Team, SILICON VALLEY Bank, MAKE Subsequent Happen NOW and the chevron unit are emblems of SVB Economical Team, applied beneath license. Silicon Valley Lender is a member of the FDIC and the Federal Reserve Technique. Silicon Valley Lender is the California lender subsidiary of SVB Monetary Group.

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