UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-KSB
(Mark One)

(X)  ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES  EXCHANGE ACT OF
     1934 For the fiscal year ended December 31, 2002

( )  TRANSITION  REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES  EXCHANGE
     ACT OF 1934 For the transition period from to

                             Commission File Number
                           ----------------------------
                          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)


  70 East Main Street, Somerville, NJ                            08876
----------------------------------------                   ---------------------
(Address of Principal Executive Offices)                       (Zip Code)

          (908) 541-9500
------------------------------------------------
(Issuer's Telephone Number, Including Area Code)

         Securities registered under Section 12 (b) of the Act:
Title of Each Class                   Name of Each Exchange On Which Registered
-------------------                   ------------------------------------------
                                           NASDAQ National Market System
                                           ------------------------------

         Securities registered under 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 [ ]

     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. ( X )

     The issuer's revenues for the most recent fiscal year were $22,580,000. The
aggregate  market value of voting stock held by non affiliates of the registrant
as of March 12, 2003 was $35,201,612.

     The number of shares of the  registrants  common stock as of March 12, 2003
was 3,652,766.

     The following documents are incorporated by reference. The Annual Report to
security holders for the fiscal year ended December 31, 2002.


<PAGE>



 The Proxy Statement for the annual meeting of security holders April 24, 2003.

                                     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 Company also owns the SVB Bald Eagle  Statutory  Trust I and SVB Bald
Eagle Statutory Trust  II in  connection  with  its  issuance  of  subordinated
debentures.

     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, 2002, the Bank had total
assets of $405.0 million.  Based on total deposits as of June 30, 2002, the Bank
was ranked 62 of 281 commercial banks and savings banks in New Jersey.  The Bank
opened  full  service  banking   offices  in  Hillsborough   Township  in  1996,
Bridgewater  Township  in 1997,  the Arbor Glen  retirement  community  in 1998,
Manville  Borough in 1999,  Aberdeen  and  Bernards  Townships  in 2000,  Edison
Township in 2001 and Warren  Township in 2002. A mini  facility  with a drive-up
was opened on Gaston  Avenue in  Somerville  in 1998 to augment  the Bank's Main
Office which has no drive-up. During 2002, the Bank received regulatory approval
to open a full service banking office on Middlesex Avenue in Metuchen.

     The Bank has two subsidiaries.  Somerset Valley Investment  Company,  Inc.,
which is 100% owned by the Bank,  Somerset Valley Investment  Company,  Inc owns
100% of the stock of West End One Corp.,  which is  incorporated in the State of
Delaware.  West End One Corp.  manages an  investment  portfolio  similar to the
Bank's earning assets.

     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, 2002, the Bank had $364.4
million in deposits and approximately 21,300 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,
Borough of Manville,  Aberdeen  Township  and Edison  Township are also areas of
significant small and mid-size business  activity.  The Bernards Township office
is located in a large  residential  development.  The Warren  Township branch is

                                       1

<PAGE>

located within a professional  office complex in an area  containing a number of
small  professional  offices,  as well as, an affluent  residential  population.
Small and medium sized businesses, professionals and real estate developers 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.

     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,  meaning  those with rates  fixed more than ten
years, are originated through a third party on a fee for closed loans basis.

     As of December  31,  2002,  the Bank had  approximately  3,500 loans of all
types totaling $238.2 million.

     Other services  provided by the Bank include wire  transfers,  safe deposit
boxes, money orders,  traveler's  cheques,  direct deposit of payroll and social
security checks, ACH origination and  Visa/MasterCard  processing.  The Bank has
ten ATM machines and the Bank is a member of the STAR, PLUS, and NYCE networks.

     The  Bank  has  Business  Advantage  checking  available  for its  business
customers,  which offers various banking products including daily excess balance
sweep and discounted business services.

     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.

     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.

     During 2002,  the Bank entered into an alliance with Linsco  Private Ledger
which  enables  the  Bank,  through  a  dual  employee  arrangement,  to  obtain
commissions  for  the  sale  of  variable  annuities,  mutual  funds  and  other
investment  products.  The dual employee is available to the Bank on a full time
basis.

Market Area
     The Bank's  primary  market area is  primarily  Central New Jersey with its
facilities  located in  Somerset,  Middlesex  and  Monmouth  counties.  Somerset
County, which is located midway between New York and Philadelphia, is considered

                                       2

<PAGE>

an affluent suburban area with significant  commercial and residential activity.
A  number  of large  national  firms  such as ATT,  Metropolitan  Life,  Aventis
Pharmaceuticals  and Johnson  and  Johnson  companies  locate  their  offices in
Somerset  County.  As of June 30,  2002,  there were $5.0 billion in deposits 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.  Bridgewater has also experienced significant commercial development
in an area  where  Routes 22,  202 and 287 meet,  an area  known as the  "Golden
Triangle." The Bank has eight offices in Somerset County.

     The Bank operates an office in Edison Township located in Middlesex County.
This is an area of significant  commercial and residential  activity. As of June
30, 2002, there were $26.5 billion in deposits in Middlesex County.

     A branch office is located in Aberdeen  Township in Monmouth County.  As of
June 30, 2002, there were $11.3 billion in deposits in Monmouth County.

     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,
2002 (the latest date for which figures are  available),  Somerset County had 25
FDIC insured banks and saving banks with 99 offices. The Bank was ranked 6 of 25
in terms of total deposits, with 6.41% of the Somerset County market. The Bank's
competition ranges from three large regional institutions and a large New Jersey
based bank with seven day banking  hours to mid sized and smaller  institutions,
as well as, banks which have opened within the last five years. Competition also
arises from insurance  companies and securities  brokerage companies which offer
banking services.

     The Bank has one  location in both  Middlesex  and Monmouth  county,  which
currently  places it at somewhat of a  competitive  disadvantage  with banks who
have multiple locations in these areas.

     The Bank  competes for loans with much larger  banking  institutions  where
interest rates have become a competitive  factor in the record low interest rate
environment  of  2001-2002.  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.  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 $4.4
million to any one borrower.

                                       3

<PAGE>



Employees
     At December  31, 2002,  the Company  employed 98 full time and 20 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, among others,  all but one of the
Company's Directors.  The lease for 103 West End Avenue expires in July of 2006,
but contains three  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 Nelson's Corner Shopping Center at the
intersection of Route 206 and Amwell Road, Hillsborough Township, New Jersey, is
leased  from an  unaffiliated  partnership.  The lease for the  Nelson's  Corner
location  expires  in  2011  with a  ten-year  option  to  renew.  The  previous
Hillsborough  branch  location,  located at 649 Route 206 Belle Mead, New Jersey
from an unaffiliated partnership,  will be leased through its expiration date of
December 2003 and will not be renewed.

     The Bridgewater office located at 481 North Bridge Street, Bridgewater, New
Jersey, is leased from an unaffiliated  partnership  expiring in 2007, with four
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 lease
expiring in 2006 from an unaffiliated third party.

     The Arbor  Glen  office  located  at 100 Monroe  Street,  Bridgewater,  New
Jersey,  has a lease from an unaffiliated  third party with a term of five years
expiring in 2006, with two 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  Aberdeen  office is located at 1147 State  Highway 34,  Aberdeen,  New
Jersey.  The land lease has an initial  term of ten years and five year  options
through 2033 from an unaffiliated third party.

                                       4
<PAGE>


     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, expiring in 2013, with three five-year renewal options.

     The Edison office is located at 1943 Oak Tree Road,  Edison, New Jersey and
is  leased  from an  unaffiliated  third  party.  The term of the lease is seven
years, expiring in 2006, with four five-year renewal options.

     The Bank's Executive Offices,  Operations Center and Lending Department are
located at 70 East Main  Street,  Somerville,  New Jersey.  This office space is
leased from an unaffiliated  third party.  The amended lease has a term of seven
years, expiring in 2009, with two five-year renewal options.

     The Warren branch is located at 34 Mountain Boulevard,  Building C, Warren,
New Jersey and is leased from a partnership,  which consists of among others one
of the Company's directors, Mr. Donald Sciaretta. The initial term is ten years,
expiring in 2012, with two five-year renewal options.

     The condition of all of the Company's leased properties is very good.

     The Bank has a lease for the  following  Bank site which  will open  during
2003:

     The Metuchen branch will be located at 700 Middlesex Avenue,  Metuchen, New
Jersey and is leased from an unaffiliated  third party. The lease has an initial
term of twenty-five years with a ten-year option to renew.

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 other than routine litigation incidental to the business.  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 2002.

                                     PART II
                                     -------

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
     The common  stock of the  Company is traded on the NASDAQ  National  Market
System under the trading symbol SVBF.  Following are the high and low prices for
2002 and 2001:

                                       5

<PAGE>



                                  2002             2001
                            --------------   --------------
                             High     Low      High   Low
                             ----     ---      ----   ---
          First Quarter     $13.17  $ 9.52   $ 8.50  $7.82
          Second Quarter    $13.24  $10.59   $ 8.85  $7.93
          Third Quarter     $15.06  $10.72   $ 9.07  $8.39
          Fourth Quarter    $17.95  $14.86   $10.24  $8.20

     These prices were based on the NASDAQ closing  pricing and adjusted for the
effects of stock dividends.

     There are  approximately  415  registered  holders of the Company's  common
stock.

     The Company paid a 5% stock  dividend  annually since 1999. The Company has
never paid a cash dividend and there are no plans to pay a cash dividend at this
time.  The Company will retain its earnings in order to provide  capital for the
growth of the Bank.

     The following  table  depicts  information  regarding the Company's  Equity
Compensation Plan:
<TABLE>
<CAPTION>



                                 Number of             Weighted-           Number of securities
                                 securities to         average exercise   remaining available
                                 be issued upon        price of           for future issuance
                                 exercise of           outstanding        under equity
                                 outstanding           options,           compensation plans
                                 options, warrants,    warrants and       (excluding securities
        As of                    and rights            rights             reflected in column
 December 31, 2002               ------------------    -------------      ---------------------
 -----------------                                                        (a))
                                                                          -----
<S>                                  <C>                    <C>                   <C>
Equity compensation plans            149,402                $8.46                 86,984
approved by security holders


Equity compensation plans not          None                 None                   None
approved by security holders
                                 ------------------    ----------------   ---------------------

                   Total             149,402                $8.46                 86,984
</TABLE>


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
     This  information  is  incorporated  by reference  from the Company's  2002
Annual  Report to  Shareholders  on pages 22-35 under the caption  "Management's
Discussion and Analysis of Financial Condition and Results of Operations."

ITEM 7.  FINANCIAL STATEMENTS.
     The  Consolidated  Financial  Statements,  Notes to Consolidated  Financial
Statements and Independent  Auditors Report thereon is incorporated by reference
from pages 4-21 of the 2002 Annual Report to Shareholders.

                                       6

<PAGE>




                                    PART III
                                    --------

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
        WITH SECTION 16(A) OF THE EXCHANGE ACT.
     The  information  required by this item is  incorporated  by reference from
pages 2-6 under the caption "Directors/Principal Shareholders/Executive Officers
and Director  Committees" of the Company's  Proxy  Statement for its 2003 Annual
Meeting of Shareholders. The Company is not aware of any deliquent filings under
section 16 (a) of the exchange act.

ITEM 10.EXECUTIVE COMPENSATION.

     This  information  required by this item is  incorporated by reference from
pages 6-8 under the caption  "Executive  Compensation"  of the  Company's  Proxy
Statement for its 2003 Annual Meeting of Shareholders.

ITEM 11.SECURITY  OWNERSHIP OF CERTAIN  BENEFICIAL  OWNERS AND  MANAGEMENT AND
        RELATED STOCKHOLDER MATTERS.
     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 2003  Annual  Meeting of
Shareholders.

ITEM 12.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
     This  information  required by this item is  incorporated by reference from
page 9-10 under the caption "Certain  Relationships and Related Transactions" of
the Company's Proxy Statement for its 2003 Annual Meeting of Shareholders.

                                     PART IV
                                     -------

ITEM 13.EXHIBITS 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, 2002 and 2001

          Consolidated  Statements of Income - Years Ended December 31, 2002 and
               2001

          Consolidated  Statements  of  Changes  in  Shareholders'   Equity  and
               Comprehensive Income - Years Ended December 31, 2002 and 2001

          Consolidated  Statements of Cash Flows - Years Ended December 31, 2002
               and 2001

          Report of Independent Accountants

                                       7

<PAGE>


     These  statements  are  incorporated  by reference to the Company's  Annual
     Report to Shareholders for the year ended December 31, 2002.

     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
          10.5 SVB Financial Services, Inc. 2000 Incentive Stock Option Plan (4)
          10.6 SVB Financial Services, Inc. 2000 Directors Stock Option Plan (5)
          10.7 SVB Financial Services, Inc. 2001 Advisory Board Stock Grant
               Plan (6)
          13   Annual Report to Security-Holders
          20   Proxy Statement for the 2003 Annual Meeting of Shareholders
          23   Consent of Independent Certified Public Accountants


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

          (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.

          (4) Incorporated by reference to the Company's  Registration Statement
              on Form S-8. Registration Number 333-40778.

                                      8
<PAGE>



          (5) Incorporated by reference to the Company's  Registration Statement
              on Form S-8. Registration Number 333-40754.

          (6) Incorporated by reference to the Company's  Registration Statement
              on Form S-8. Registration Number 333-76948.

     (b) Reports on Form 8-K

          A Form 8-K was filed on November  6, 2002 under Item 5 "News  Release"
          including:

               Copy of press release announcing third quarter earnings.

               Copy of press release announcing stock dividend.

               Copy of press release announcing the application for the Metuchen
               branch.

                                       9

<PAGE>


                          SVB FINANCIAL SERVICES, INC.
                                INDEX TO EXHIBITS
                                -----------------



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

          13      Annual Report to Security Holders


          20      Proxy Statement for the 2003 Annual Meeting of Shareholders


          23      Consent of Independent Certified Public Accountants


                                       10


<PAGE>





                                   SIGNATURES

I, Robert P.  Corcoran,  hereby  certify  that the  periodic  report being filed
herewith containing financial statements fully complies with the requirements of
section 13(a) or 15(d) of the Securities Exchange Act of 1934 (16 U.S. C. 78m or
78o(d)) and that information  contained in said periodic report fairly presents,
in all material respects,  the financial  condition and results of operations of
SVB Financial Services, Inc. for the period covered by said periodic report.

                                           SVB FINANCIAL SERVICES, INC.
                                           ----------------------------
                                           (Registrant)



                                          /s/ Robert P. Corcoran
                                          -------------------------------
                                          Robert P. Corcoran
                                          Chief Executive Officer






I, Keith B.  McCarthy,  hereby  certify  that the  periodic  report  being filed
herewith containing financial statements fully complies with the requirements of
section 13(a) or 15(d) of the Securities Exchange Act of 1934 (16 U.S. C. 78m or
78o(d)) and that information  contained in said periodic report fairly presents,
in all material respects,  the financial  condition and results of operations of
SVB Financial Services, Inc. for the period covered by said periodic report.

                                          SVB FINANCIAL SERVICES, INC.
                                          ----------------------------
                                          (Registrant)



                                          /s/ Keith B. McCarthy
                                          -----------------------------
                                          Keith B. McCarthy
                                          Chief Financial Officer
                                          Chief Accounting Officer

Dated:  March 20, 2003

                                       11
<PAGE>




                                  CERTIFICATION

I, Robert P. Corcoran, President and Chief Executive Officer, certify, that:

     1.   I have  reviewed  this annual  report on Form 10-KSB of SVB  Financial
          Services, Inc.

     2.   Based on my  knowledge,  the annual report does not contain any untrue
          statement  of a  material  fact  or  omit to  state  a  material  fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this annual report.

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this  annual  report,  fairly  present in all
          material respects the financial  condition,  results of operations and
          cash flows of the  registrant as of, and for, the period  presented in
          this annual report.

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant
          and we have:

          (a) designed such  disclosure  controls and  procedures to ensure that
     material information relating to the registrant, including its consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

          (b)  evaluated  the  effectiveness  of  the  registrant's   disclosure
     controls  and  procedures  as of a date  within 90 days prior to the filing
     date of this annual report (the "Evaluation Date"); and

          (c)  presented  in  this  annual  report  our  conclusions  about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date.

     5.   The registrant's other certifying officer and I have disclosed,  based
          on our most recent  evaluation,  to the registrant's  auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing the equivalent function):

          (a) all  significant  deficiencies  in the design or  operation of the
     internal controls which could adversely affect the registrant's  ability to
     record,  process,  summarize and report  financial data and have identified
     for the registrant's auditors any material weaknesses in internal controls;
     and

          (b) any fraud,  whether or not material,  that involves  management or
     other employees who have a significant  role in the  registrant's  internal
     controls.

     6.   The registrant's other certifying officer and I have indicated in this
          annual  report  whether  or not  there  were  significant  changes  in
          internal controls or in other factors that could significantly  affect
          the  internal  controls  subsequent  to the  date of our  most  recent
          evaluation,   including   any   corrective   actions  with  regard  to
          significant deficiencies and material weaknesses.



Date:    March 20, 2003                   By /s/ Robert P. Corcoran
                                          --------------------------------------
                                          President and Chief  Executive Officer
                                          SVB Financial Services, Inc.

                                       12

<PAGE>


                                  CERTIFICATION

I, Keith B. McCarthy, Chief Operating Officer certify, that:

     1.   I have  reviewed  this annual  report on Form 10-KSB of SVB  Financial
          Services, Inc.

     2.   Based on my  knowledge,  the annual report does not contain any untrue
          statement  of a  material  fact  or  omit to  state  a  material  fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this annual report.

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this  annual  report,  fairly  present in all
          material respects the financial  condition,  results of operations and
          cash flows of the  registrant as of, and for, the period  presented in
          this annual report.

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant
          and we have:

          (a) designed such  disclosure  controls and  procedures to ensure that
     material information relating to the registrant, including its consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

          (b)  evaluated  the  effectiveness  of  the  registrant's   disclosure
     controls  and  procedures  as of a date  within 90 days prior to the filing
     date of this annual report (the "Evaluation Date"); and

          (c)  presented  in  this  annual  report  our  conclusions  about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date.

     5.   The registrant's other certifying officer and I have disclosed,  based
          on our most recent  evaluation,  to the registrant's  auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing the equivalent function):

          (a) all  significant  deficiencies  in the design or  operation of the
     internal controls which could adversely affect the registrant's  ability to
     record,  process,  summarize and report  financial data and have identified
     for the registrant's auditors any material weaknesses in internal controls;
     and

          (b) any fraud,  whether or not material,  that involves  management or
     other employees who have a significant  role in the  registrant's  internal
     controls.

     6.   The registrant's other certifying officer and I have indicated in this
          annual  report  whether  or not  there  were  significant  changes  in
          internal controls or in other factors that could significantly  affect
          the  internal  controls  subsequent  to the  date of our  most  recent
          evaluation,   including   any   corrective   actions  with  regard  to
          significant deficiencies and material weaknesses.


Date:    March 20, 2003                By /s/ Keith B. McCarthy
                                          --------------------------------------
                                          Chief Operating Officer
                                          SVB Financial Services, Inc.

                                       13
<PAGE>

                                   SIGNATURES


     Pursuant to the  requirements  of  Securities  Exchange  Act of 1934,  this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
registrant and in the capacities and on the dates indicated.



    Signature                            Capacity                  Date
-----------------------             ------------------       -------------------

/s/ John K. Kitchen             Director and Chairman        March 20, 2003
-----------------------
John K. Kitchen


/s/ Robert P. Corcoran          President and C.E.O.         March 20, 2003
-----------------------
Robert P. Corcoran                 and Director


Keith B. McCarthy               Chief Operating Officer      March 20, 2003
-----------------------
Keith B. McCarthy                  and Treasurer


/s/ Bernard Bernstein               Director                 March 20, 2003
-----------------------
Bernard Bernstein


                                    Director                 March 20, 2003
-----------------------
Raymond L. Hughes


/s/ Willem Kooyker                  Director                 March 20, 2003
-----------------------
Willem Kooyker


/s/ Frank Orlando                   Director                 March 20, 2003
-----------------------
Frank Orlando

/s/ Gilbert E. Pittenger            Director                 March 20, 2003
-----------------------
Gilbert E. Pittenger


/s/ Frederick D. Quick              Director                 March 20, 2003
-----------------------
Frederick D. Quick


                                       14
<PAGE>




    Signature                          Capacity                    Date
-----------------------             ------------------       -------------------

/s/ Anthony J. Santye, Jr.          Director                 March 20, 2003
-----------------------
Anthony J. Santye, Jr.


/s/ G. Robert Santye                Director                 March 20, 2003
-----------------------
G. Robert Santye


/s/ Donald Sciaretta                Director                 March 20, 2003
-----------------------
Donald Sciaretta


/s/ Herman C. Simonse               Director                 March 20, 2003
-----------------------
Herman C. Simonse


/s/ Donald R. Tourville             Director                 March 20, 2003
-----------------------
Donald R. Tourville