SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) April 17, 1997
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SVB Financial Services, Inc.
(Exact Name of Registrant as Specified in its Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
333-12305 22-3438058
(Commission File Number) (I.R.S. Employer Identification No.)
103 West End Avenue, Somerville, NJ 08876
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(Address of Principal Executive Offices) (Zip Code)
(908) 704-1188
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 4. Change in Registrant's Certifying Accountant
Arthur Andersen LLP was the Company's and its subsidiary bank's
independent public accountants from its inception in 1991 through the year ended
December 31, 1996. Effective March 27, 1997, Arthur Andersen LLP was dismissed.
The report of Arthur Andersen LLP on the consolidated financial
statements of the Company, as of and for the years ended December 31, 1996 and
1995, did not contain an adverse opinion or a disclaimer of opinion, nor was it
qualified or modified as to uncertainty and its scope or accounting principles.
The decision to change accountants was recommended by the Audit
Committee of the Board of Directors and approved by the Board of Directors.
Item 7. Financial Statements and Exhibits
Exhibit
Number Description
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16 Letter re change in certifying accountants
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned herunto duly authorized.
SVB Financial Services, Inc.
(Registrant)
April 21, 1997 By: s/s Keith B. McCarthy
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Keith B. McCarthy
Principal Accounting Officer
ARTHUR
ANDERSEN
_________________________
April 17, 1997 Arthur Andersen LLP
_________________________
Securities and Exchange Commission 101 Eisenhower Parkway
Mail Stop 9-5 Roseland, NJ 07068-1099
450 Fifth Street, N.W. 201 403 6100
Washington, D.C. 20549
Dear Sirs/Madam:
We have read the statements made by SVB Financial Services, Inc., which we
understand will be filed with the Commission on April 22, 1997, pursuant to Item
4 of Form 8-K. We agree with the statements concerning our firm in such Form
8-K, as amended.
Very truly yours,
/s/Arthur Andersen LLP
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Arthur Andersen LLP
PB
Copy to:
Mr. Keith B. McCarthy
Executive Vice President
SVB Financial Services, Inc.
103 West End Avenue
Somerville, New Jersey 08876
