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) December 30, 1999
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SVB Financial Services, Inc.
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(Exact Name of Registrant as Specified in its Charter)
New Jersey
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(State or Other Jurisdiction of Incorporation)
000-22407 22-3438058
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(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
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On December 30, 1999, the Company issued a press release announcing the
resignation of Dr. Mark S. Gold from the Board of Directors.
Item 7. Financial Statements and Exhibits
(99) Additional Exhibits
Copy of press release announcing the resignation of Dr. Mark S. Gold
from the Board of Directors.
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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 hereunto duly authorized.
SVB Financial Services, Inc.
(Registrant)
Date December 30, 1999 By /s/Keith B. McCarthy
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Keith B. McCarthy
Principal Accounting Officer
EXHIBIT 99
FOR IMMEDIATE RELEASE
Dr. Mark S. Gold resigns as Director of SVB Financial Services, Inc.
and Somerset Valley Bank
Somerville, NJ...December 30, 1999 Robert P. Corcoran, President and CEO of SVB
Financial Services, Inc. and Somerset Valley Bank, announced today that Dr. Mark
S. Gold, of Jacksonville, Florida, has resigned from the Board of Directors,
effective Monday, December 27, 1999.
"Dr. Gold was one of the founding incorporators of the Bank and a
valued director. His counsel will be missed," said Corcoran.
Somerset Valley Bank operates offices in Somerville (2), Hillsborough,
Bridgewater, Manville, and at the Arbor Glen Retirement Community. The Bank
expects to open branches on Route 34 near Lloyd Road in Aberdeen Township, in
January 2000, and Allen Road in Bernards Township, in February 2000. The Bank
recently received approval to establish a branch in a shopping center on Oak
Tree Road in Edison, New Jersey. Through a joint venture with PDK Financial,
known as Somerset Valley Financial LLC, the Company offers life, health and
disability insurance services along with financial planning and retirement
services.
SVB Financial Services, Inc. is traded on the NASDAQ National Market
under the trading symbol SVBF and can be accessed via the Internet at
www.somersetvalleybank.com.
