UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                   FORM 10-KSB

(Mark One)

[ X ]    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                  For the fiscal year ended December 31, 1999

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
         ACT OF 1934

                  For the transition period from                 to

                        Commission File Number 333-12305

                          SVB Financial Services, Inc.
--------------------------------------------------------------------------------
                 (Name of Small Business Issuer in Its Charter)


                New Jersey                                     22-3438058
--------------------------------------------------------------------------------
   (State or Other Jurisdiction of                        (I.R.S. Employer
   Incorporation or Organization)                         Identification Number)


      103 West End Avenue, Somerville, NJ                            08876
--------------------------------------------------------------------------------
   (Address of Principal Executive Offices)                       (Zip Code)

                                 (908) 704-1188
--------------------------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

          Securities registered pursuant to Section 12 (b) of the Act:

          Title of Each Class      Name of Each Exchange On Which Registered
          -------------------      -----------------------------------------
                                   NASDAQ National Market System

         Securities registered pursuant to Section 12 (g) of the Act:

                          Common Stock $2.09 par value
--------------------------------------------------------------------------------
                                (Title of Class)

         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15 (d) of the  Exchange Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days.

                      Yes [ X ] No   [   ]
<PAGE>
         Check if there is no  disclosure  of  delinquent  filers in response to
Item 405 of Regulation S-B is not contained in this form, and no disclosure will
be contained,  to the best of  registrant's  knowledge,  in definitive  proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [   ]

         The issuer's revenues for the most recent fiscal year were $15,199,000.
The  aggregate  market  value of  voting  stock  held by non  affiliates  of the
registrant as of March 15, 2000 was $13,677,100.

         The number of shares of the  registrants  common  stock as of March 15,
2000 was 2,958,526.

         The following documents are incorporated by reference.

                  The Annual  Report to  security  holders  for the fiscal  year
                  ended December 31, 1999.
                  The Proxy Statement for the annual meeting of security holders
                  April 27, 2000.

<PAGE>
                                     PART I
                                     ------

ITEM 1.  DESCRIPTION OF BUSINESS.

General

         SVB Financial  Services,  Inc. (the "Company") is a New Jersey business
company and a bank holding company.  The Company was incorporated on February 7,
1996 for the purpose of acquiring  Somerset Valley Bank (the "Bank") and thereby
enabling  the Bank to operate  within a holding  company  structure.  On May 30,
1996, the  shareholders of the Bank approved the acquisition by the Company.  On
September  3, 1996,  the shares of the Company were  exchanged  for those of the
Bank. The Bank is the Company's only subsidiary.

         The Bank is a New Jersey  commercial  bank and was granted a charter by
the New Jersey  Department of Banking on February 21, 1990.  The Bank opened for
business on December 20, 1991 at its  Somerville  facility  after  obtaining the
necessary  capital in its  initial  offering  and the  approval  of the  Federal
Deposit Insurance  Corporation  (FDIC). At December 31, 1999, the Bank had total
assets of $206.1 million.  Based on total deposits as of June 30, 1999, the Bank
was ranked 80 of 165 banks and savings  banks in New Jersey.  In 1996,  the Bank
opened  its first full  service  branch  office in  Hillsborough  Township,  New
Jersey.  During  1997,  the Bank  opened a full  service  branch in  Bridgewater
Township,  New Jersey.  In 1998 a banking office staffed by one part time person
was opened at the Arbor Glen Retirement Community in Bridgewater  Township,  New
Jersey and a mini branch with a drive  through on Gaston  Avenue in  Somerville,
New Jersey. In 1999, the Bank opened its sixth banking facility,  a full service
branch in the Borough of Manville.  Two full service  offices will open early in
2000,  Aberdeen Township in January 2000 and Bernards Township in February 2000.
Additionally, the Bank received approval for a ninth full service office located
in the Township of Edison, which is expected to open in late 2000.

         The Bank  provides  a wide range of  commercial  and  consumer  banking
services.

         Deposit  services  include  business  and personal  checking  accounts,
interest-bearing NOW accounts,  Money Market deposit accounts,  savings accounts
and  certificates  of  deposit.  In order to compete  with the larger  banks for
deposit  accounts,  the Bank gives  favorable  terms  (interest  rates,  minimum
balances,  service charges,  etc.). As of December 31, 1999, the Bank had $189.6
million in deposits and approximately 14,200 deposit accounts.

         The Bank  makes  secured  and  unsecured  loans to small and  mid-sized
businesses  and  professionals  in its market area.  Because  Somerville  is the
county seat of Somerset County and home to Somerset Medical Center,  the Bank is
uniquely  positioned  to  provide  loans  and  other  services  to the  medical,
accounting and legal professionals.  Bridgewater Township, Hillsborough Township
and the Borough of Manville  are also areas of  significant  small and  mid-size
business  activity.  Small and medium sized businesses and professionals make up
the primary focus of the Bank's  lending  efforts.  The Bank is also a preferred
SBA  lender  and as such it  originates  SBA  loans  and  sells  the  government
guaranteed portion in the secondary market while retaining the servicing of such
loans.

         Secured  and  unsecured  personal  loans to  finance  the  purchase  of
consumer  goods  are  also  available.   Through  its  relationship  with  local
automobile   dealerships,   the  Bank  indirectly   finances  automobile  loans.
Residential and commercial mortgages are also provided by the Bank.
<PAGE>
         Residential  mortgages are currently  written by the Bank with a three,
five or ten year fixed rate which adjusts  annually  thereafter  for the life of
the loan which may be up to 30 years.  The Bank is an approved  Federal National
Mortgage  Association  (FNMA) lender for origination and servicing of mortgages.
Long term fixed rate mortgages are originated and sold in the secondary market.

         As of December 31, 1999, the Bank had approximately  3,300 loans of all
types totaling $153.2 million.  Other services provided by the Bank include wire
transfers, safe deposit boxes, money orders, travelers

                                       1
<PAGE>
cheques,  direct deposit of payroll and social security checks,  ACH origination
and Visa/MasterCard  processing. The Bank has seven ATM machines and the Bank is
a member of the MAC network.

         The Bank offers  customers access to their accounts through a telephone
or personal computer via the Internet at  www.somersetvalleybank.com.  Customers
can check balances,  monitor account  activity,  make transfers and pay bills. A
MasterMoney  debit  card is also  offered  allowing  customers  to access  funds
anywhere MasterCard is accepted.  During 2000, the web site will offer access to
the  National  Discount  Brokers web site which will allow  customers to buy and
sell stocks.

         The Bank's data  processing  services are provided by Fiserv,  which is
one of the leading data processing  service providers to financial  institutions
in the United States.  As such, the Bank has access to many banking products and
services that are technologically competitive with other Banks. Not all of these
services, however, are economically feasible to the Bank at this time.

         The  Company has formed a joint  venture  subsidiary,  Somerset  Valley
Financial LLC, with  International  Planning  Alliance of Somerset,  New Jersey.
This  arrangement  will allow the Bank to share in revenues  through the sale of
life insurance,  medical insurance,  financial planning,  executive benefits and
retirement  products.  Currently,  five  Bank  employees  are  licensed  to sell
insurance.

Market Area

         The Bank's  market area is primarily  Somerset  County which is located
midway  between New York and  Philadelphia.  Somerset  County is  considered  an
affluent suburban area with significant  commercial and residential  activity. A
number of large  national firms such as ATT,  Metropolitan  Life and Johnson and
Johnson  companies  locate  their  offices  in  Somerset  County.  The county is
crisscrossed by five major highways  including  interstate Routes 78 and 287 and
U.S. Routes 22, 202 and 206, adding to its desirability as a commercial  center.
A large regional  shopping mall is located in Bridgewater  Township with several
small shopping centers located throughout the county.

         During 2000 the Bank will open offices in Aberdeen Township in Monmouth
County and Edison  Township in Middlesex  County.  Both areas are of significant
commercial and residential activity.

         The Bank also obtains  business  from  adjacent  counties of Hunterdon,
Mercer and Morris.

Competition

         All phases of the Bank's  business are highly  competitive.  As of June
30, 1999 (the latest date for which figures are available),  Somerset County had
26 FDIC insured  banks and saving banks with 100 offices.  The Bank was ranked 8
of 26 in terms of total  deposits,  with 4.44% of the  Somerset  County  market.
Somerset  County has  experienced  significant  merger activity in recent years.
These  mergers  have  resulted  in  the  closing  of  several  branch  locations
throughout  the Bank's  market  area.  A  possibility  exists that there will be
competition for acquisition of one or more of these branches.  Such  competition
could come from not only New Jersey  financial  institutions  but,  under recent
amendments to New Jersey banking  statutes,  also from  out-of-state and foreign
banks as well, thereby increasing competition.
<PAGE>
         Management  of the Bank  believes  that  loans to  small  and  mid-size
businesses and professionals are not always of primary  importance to the larger
banking  institutions,  whereas they represent the main commercial loan business
of the Bank.  The Bank can  compete  for this  segment of the market  because it
provides responsive  personalized services,  local decision-making and knowledge
of its customers and their businesses. By virtue of their greater total capital,
certain commercial banks have substantially higher lending limits.

                                       2
<PAGE>
These banks can also finance broad advertising  campaigns and with lower average
overhead  ratios can be very  competitive  in  pricing.  Accordingly,  there are
certain  borrowers that the Bank will not be able to service and others who will
be reached by the more extensive  advertising  of larger  competing  banks.  The
Bank's current lending limit is $2.1 million.

Employees

         At December  31,  1999,  the Company  employed 72 full time and 13 part
time employees.  None of these employees are covered by a collective  bargaining
agreement and the Company  believes that its employees'  relations are good. The
Company offers its employees health, life, dental benefits,  as well as a 401(k)
Plan. During 1999, the Company established a Supplemental  Executive  Retirement
Plan, which covers three of the Company's executive officers.

ITEM 2.  DESCRIPTION OF PROPERTY.

         The Company  presently owns no properties.  The Bank leases its banking
facilities  at 103 West End  Avenue  and a  facility  at 117 West End  Avenue in
Somerville  from a  partnership  consisting of all but one of the members of its
Board of  Directors  and one non  director.  The lease  for 103 West End  Avenue
expires in July of 2001, but contains four five-year  renewal  options  allowing
the Bank to extend the lease. The lease for 117 West End Avenue expires in 2003.
The  lease  for 103  West  End  Avenue,  was  reviewed  by both the FDIC and the
Department of Banking prior to the Bank's opening to determine that the terms of
the lease are  comparable  to those the Bank  would  receive  in an arms  length
transaction  with  an  unaffiliated  third  party.  Neither  the  FDIC  nor  the
Department  of Banking  objected to the terms of the lease.  The office space at
117 West End Avenue is also leased at such comparable terms.

         The  Hillsborough  office  located at 649 Route 206,  Belle  Mead,  New
Jersey, is leased from an unaffiliated partnership and the lease expires in 2004
with two five-year renewal options.

         The Bridgewater office located at 481 North Bridge Street, Bridgewater,
New Jersey, is leased from an unaffiliated  partnership and the lease expires in
2027, with an initial five-year term lease with five five-year renewal options.

         The  Gaston  Avenue  office  is  located  at 91  North  Gaston  Avenue,
Somerville,  New Jersey.  The Company  owns the  building and the land is leased
with a forty-two-month  lease expiring in 2001 with one five-year renewal at the
landlord's option.

         The Arbor Glen office  located at 100 Monroe Street,  Bridgewater,  New
Jersey,  has a lease with an original term of three years expiring in 2001, with
three five-year renewal options.

         The  Manville  office  located at 40 North Main Street,  Manville,  New
Jersey  has a lease on the land  from an  unaffiliated  third  party.  The lease
expires in 2023,  with an initial  ten-year  renewal option and five  additional
five-year renewal options.

         The Bank relocated its Executive Offices and Operations Center to 58-72
East Main Street,  Somerville, New Jersey late 1999. This office space is leased
from an  unaffiliated  third party.  The lease has an initial term of five years
with three five-year renewal options.

                                       3
<PAGE>
         The Bank has leases for the following Bank sites which will open during
2000:

                  o        The Aberdeen  office is located at 231 State  Highway
                           34,  Matawan,  New  Jersey.  The lease has an initial
                           term of ten years and five year options through 2033.
                           This branch opened in January 2000.

                  o        The Bernards  Township office at the Bernards Village
                           Center at the  intersection of Allen and Hanson Roads
                           in Bernards  Township,  New Jersey, is leased from an
                           unaffiliated  third  party.  The initial  term of the
                           lease is fifteen  years with three five year  renewal
                           options.  The  Bernards  Township  office  opened  in
                           February 2000.

                  o        The Edison branch will be constructed on land located
                           at 1959 Oak Tree Road,  Edison,  New  Jersey  from an
                           unaffiliated  third  party.  The lease has an initial
                           term of  seven  years  with  four  five-year  renewal
                           options.

ITEM 3.  LEGAL PROCEEDINGS.

         The Company is  periodically a party to or otherwise  involved in legal
proceedings arising in the normal course of business,  such as claims to enforce
liens,  claims  involving the making and servicing of real property  loans,  and
other issues  incident to the  Company's  business.  There are no pending  legal
proceedings to which the Company is a party nor has it been  threatened with any
litigation.  Management does not believe that there is any pending or threatened
proceeding  against the Company  which,  if determined  adversely,  would have a
material effect on the business or financial position of the Company.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         No matters were submitted for a vote of the  Registrant's  shareholders
during the fourth quarter of 1999.

                                     PART II
                                     -------

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
          The common stock of the Company began  trading on the NASDAQ  National
Market  System  under the trading  symbol SVBF.  Following  are the high and low
prices for the third and fourth quarters of 1998 and all of 1999:

<TABLE>
<CAPTION>
                                             1999 (1)                           1998 (1)
                                   -------------------------         -------------------------
                                     High             Low            High               Low
                                     ----             ---            ----               ---
<S>                                <C>               <C>             <C>               <C>
         First Quarter             $10.000           $8.930               (2)               (2)
         Second Quarter            $ 9.520           $8.570               (2)               (2)
         Third Quarter             $ 9.290           $8.450          $12.380            $8.570
         Fourth Quarter            $ 9.250           $8.450          $10.480            $8.450
</TABLE>
<PAGE>
(1) Prices  have been  retroactively  adjusted  for the 5% stock  dividend  paid
November 19, 1999.
(2) Prior to July 6,  1998,  there was no  established  public  trading  for the
shares of the Company.


                                       4
<PAGE>
         There are approximately 411 holders of the Company's common stock.

         The Company paid a 5% stock  dividend on November 19, 1999. The Company
has never paid a cash  dividend and there are no plans to pay a cash dividend at
this time.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS.

         This  information is  incorporated by reference from the Company's 1999
Annual  Report to  Shareholders  on pages 18-31 under the caption  "Management's
Discussion and Analysis of Financial Condition and Results of Operations."

ITEM 7.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

         The Consolidated Financial Statements,  Notes to Consolidated Financial
Statements and Independent  Auditors Report thereon is incorporated by reference
from pages 3-17 of the 1999 Annual Report to Shareholders.

                                    PART III
                                    --------

ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

         The information required by this item is incorporated by reference from
pages 2-5 under the caption "Directors/Principal Shareholders/Executive Officers
and Director  Committees" of the Company's  Proxy  Statement for its 2000 Annual
Meeting of Shareholders.

ITEM 10. EXECUTIVE COMPENSATION.

         This  information  required by this item is  incorporated  by reference
from pages 6-7 under the caption "Executive Compensation" of the Company's Proxy
Statement for its 2000 Annual Meeting of Shareholders.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

         The information required by this item is incorporated by reference from
pages  2-4  under  the   caption   "Directors/Principal   Shareholders/Executive
Officers"  of the  Company's  Proxy  Statement  for its 2000  Annual  Meeting of
Shareholders.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

         This  information  required by this item is  incorporated  by reference
from  page 8 under  the  caption  "Transactions  with  Related  Persons"  of the
Company's Proxy Statement for its 2000 Annual Meeting of Shareholders.

                                       5
<PAGE>
                                     PART IV
                                     -------

ITEM 13. EXHIBITS, FINANCIAL STATEMENTS SCHEDULES, AND REPORTS ON FORM 8-K.
         (a)      Financial Statements and Financial Statement Schedules

         The following documents are filed as part of this report:

         1.       Financial Statements of SVB Financial Services, Inc.

                  Consolidated Balance Sheets - December 31, 1999 and 1998

                  Consolidated  Statements of Income - Years Ended  December 31,
                  1999 and 1998

                  Consolidated Statements of Changes in Shareholders' Equity and
                  Comprehensive Income - Years Ended December 31, 1999 and 1998

                  Consolidated  Statements of Cash Flows - Years Ended  December
                  31, 1999 and 1998

                  Report of Independent Accountants

         These  statements are incorporated by reference to the Company's Annual
         Report to Shareholders for the year ended December 31, 1999.

         2.       All schedules are omitted because either they are inapplicable
                  or not required,  or because the information  required therein
                  is included in the Consolidated Financial Statements and Notes
                  thereto.

         3.       Exhibits

                  Exhibit

                  Number                         Description
                  ------     ----------------------------------------------
                   3(i)      Certificate of Incorporation (1)
                   3(ii)     By-Laws(1)
                   4.1       Specimen Stock Certificate (1)
                   4.2       Pages 3, 4, 5, 6, 7, 8, 9, 10 and 11
                                   from the Certificate of Incorporation of
                                   SVB Financial Services, Inc. (1)
                   4.3       Pages 1, 2, 3, 9, 10, 11, 14 and 15
                                   from the By-Laws of SVB Financial Services,
                                   Inc. (1)
                  10.1       Employment Agreements (1)
                  10.2       SVB Financial Services, Inc. Nonstatutory Stock
                                   Option Plan (2)
                  10.3       SVB Financial Services, Inc. Restated Incentive
                                   Stock Option Plan (3)
                  10.4       Somerset Valley Bank Deferred Compensation Plan
                  13         Annual Report to Security-Holders
                  20         Proxy Statement for the 2000 Annual Meeting of
                                   Shareholders
                  23         Consent of Independent Certified Public Accountants
                  27         Financial Data Schedule

                  (1)  Incorporated  by reference to the Company's  Registration
                  Statement on SB-2. Registration Number 333-12305.

                                       6
<PAGE>
                  (2)  Incorporated  by reference to the Company's  Registration
                  Statement on Form S-8. Registration Number 333-66131.

                  (3)  Incorporated  by reference to the Company's  Registration
                  Statement on Form S-8. Registration Number 333-66165.

         (b)      Reports on Form 8-K

                  A Form 8-K was filed on December  30, 1999 under Item 5 "Other
                  Matters"  regarding  the  resignation  of Mark S. Gold,  M.D.,
                  Director.

                                       7
<PAGE>
                          SVB FINANCIAL SERVICES, INC.

                                INDEX TO EXHIBITS

Exhibit                                                                   Page
Number                       Description                                  Number
------                       -----------                                  ------

   10.4    Somerset Valley Bank Deferred Compensation Plans

   13      Annual Report to Security-Holders

   20      Proxy Statement for the 2000 Annual Meeting of Shareholders


   23      Consent of Independent Certified Public Accountants


   27      Financial Data Schedule




                                       8
<PAGE>
                                   SIGNATURES

         Pursuant to the  requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                                 /s/Keith B. McCarthy
                                                 --------------------
                                                 Keith B. McCarthy
                                                 Principal Financial Officer and
                                                 Principal Accounting Officer

March 23, 2000

<TABLE>
<CAPTION>

  Signature                             Capacity                                Date
  ---------                             --------                                ----
<S>                            <C>                                          <C>
/s/John K. Kitchen
-------------------            Director and Chairman of the Board           March 23, 2000
John K. Kitchen

/s/Robert P. Corcoran          President and Chief Executive Officer        March 23, 2000
----------------------         and Director
Robert P. Corcoran

/s/Keith B. McCarthy           Chief Financial Officer/Chief                March 23, 2000
--------------------           Accounting Officer
Keith B. McCarthy

/s/Bernard Bernstein           Director                                     March 23, 2000
--------------------
Bernard Bernstein

Raymond L. Hughes              Director                                     March 23, 2000
--------------------
Raymond L. Hughes

Tucker S. Johnson              Director                                     March 23, 2000
-----------------------
Tucker S. Johnson

/s/Willem Kooyker              Director                                     March 23, 2000
-----------------
Willem Kooyker
</TABLE>
                                       9
<PAGE>
<TABLE>
<CAPTION>
  Signature                             Capacity                                Date
  ---------                             --------                                ----
<S>                            <C>                                          <C>

/s/Frank Orlando               Director                                     March 23, 2000
----------------
Frank Orlando

/s/Gilbert E. Pittenger        Director                                     March 23, 2000
-----------------------
Gilbert E. Pittenger

/s/Frederick D. Quick          Director                                     March 23, 2000
---------------------
Frederick D. Quick

/s/Anthony J.Santye, Jr.       Director                                     March 23, 2000
------------------------
Anthony J. Santye, Jr.

/s/G. Robert Santye            Director                                     March 23, 2000
-------------------
G. Robert Santye

/s/Donald Sciaretta            Director                                     March 23, 2000
-------------------
Donald Sciaretta

/s/Herman C. Simonse           Director                                     March 23, 2000
--------------------
Herman C. Simonse

/s/Donald R. Tourville         Director                                     March 23, 2000
----------------------
Donald R. Tourville
</TABLE>
                                       10