(e) On May 11, 2009, the Compensation Committee (the "Committee") of the Board of Directors of SVB Financial Group (the "Company") approved increases to the annual base salaries for two of its named executive officers. The annual base salary for Mr. Michael Descheneaux, Chief Financial Officer, increased by $100,000 to $425,000, and the annual base salary for Mr. Dave Webb, Chief Operations Officer, increased by $75,000 to $375,000. The increases are effective as of May 1, 2009. The Committee decided to adjust the base salaries of Messrs. Descheneaux and Webb in light of restrictions on the types of pay the Company may permissibly provide to these individuals. The Committee concluded that the adjustments were needed to appropriately compensate these individuals in light of their performance and maintain pay levels for these individuals that are competitive to our peer organizations. As discussed in the Company's Compensation Discussion and Analysis in its 2009 Proxy Statement, the Committee continues to believe that its historical approach to compensation remains sound. The Committee anticipates that it will adjust these executives' base pay downward in the future, and will resume using a mix of base pay and incentive compensation that appropriately ties total compensation to individual and Company performance, as and when it is permitted to do so under the American Recovery and Reinvestment Act of 2009 and other applicable laws and regulations.

(d) Exhibits.

Exhibit No.      Description

   10.31         Form of Letter to Messrs. Michael Descheneaux and Dave Webb
                 regarding annual base salary increases