Press Release
Approval of the Notice by SVB Financial Services, Inc
July 10, 1996

NEW YORK - The Federal Reserve Bank of New York Wednesday announced that it has no objection to the notice by SVB Financial Services, Inc., Somerville, NJ, to become a bank holding company with respect to Somerset Valley Bank, Somerville, NJ.

The Reserve bank acted under authority delegated by the Board of Governors of the Federal Reserve System.