May 2 (Reuters) - SVB Financial Group ( SIVBQ ):

* ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF SVB

CAPITAL

* PINEGROVE AFFILIATE TO ACQUIRE SVB CAPITAL

* UNDER TERMS OF AGREEMENT, SVB CAPITAL WOULD BE ACQUIRED

FOR A

COMBINATION OF CASH AND OTHER ECONOMIC CONSIDERATION.

* SVB CAPITAL AND PINEGROVE TO OPERATE INDEPENDENTLY WITH

COMMON

SPONSORSHIP AND SHARED MISSION TO SERVE VENTURE ECOSYSTEM

* AGREEMENT IS SUBJECT TO BANKRUPTCY COURT AND REGULATORY

APPROVAL, AS WELL AS OTHER CUSTOMARY CLOSING CONDITIONS

* SVB FINANCIAL ( SIVBQ ) - TRANSACTION SUPPORTED BY SVB FINANCIAL

GROUP AND

KEY CREDITOR GROUPS

* SVB FINANCIAL-ON MAY 2, SVB FILED MOTION SEEKING COURT'S

AUTHORIZATION TO APPROVE BUYER PROTECTIONS FOR PINEGROVE

AFFILIATE,CONSUMMATE SALE OF SVB CAPITAL BUSINESS

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