Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer.
The executive cut his teeth during the dotcom bubble and later steered the startup-focused lender in the wake of the 2008 global financial crisis. He became president and CEO of SVB Financial Group (SIVB.O) in 2011.
The company’s operations abruptly came to a halt on Friday as California banking regulators moved quickly to shut it down in what became the largest bank failure since the financial crisis. Just 24 hours earlier, Becker had personally called clients to assure them their money with the bank was safe.