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, 2000


[   ]    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. [  ]

         The issuer's revenues for the most recent fiscal year were $18,936,000.
The  aggregate  market  value of  voting  stock  held by non  affiliates  of the
registrant as of March 14, 2001 was $13,713,000.

         The number of shares of the  registrants  common  stock as of March 14,
2001 was 3,104,018.

         The following  documents  are  incorporated  by  reference.  The Annual
Report to security  holders for the fiscal year ended  December  31,  2000.  The
Proxy Statement for the annual meeting of security holders April 26, 2001.



<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, 2000, the Bank had total
assets of $241.6 million.  Based on total deposits as of June 30, 2000, the Bank
was ranked 75 of 177 commercial 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.  Full  service  offices were opened in early
2000 located in Aberdeen Township and Bernards Township.  Additionally, the Bank
will open its ninth full service  facility  located in the Township of Edison in
April of 2001.

         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, 2000, the Bank had $222.4
million in deposits and approximately 17,400 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 and Aberdeen  Township are also areas of  significant  small
and mid-size  business  activity.  The Bernards  Township office is located in a
large   residential   development.   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.

         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 through a third party on a fee for
closed loans basis.

         As of December 31, 2000, the Bank had approximately  3,500 loans of all
types totaling $179.2 million.


                                        1

<PAGE>


         Other  services  provided  by the Bank  include  wire  transfers,  safe
deposit boxes, money orders,  travelers  cheques,  direct deposit of payroll and
social security checks, ACH origination and Visa/MasterCard processing. The Bank
has  eight ATM  machines  and the Bank is a member  of the MAC,  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 will be offering an overnight
repurchase account during the year 2001.

         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. The
web site offers  access to the National  Discount  Brokers web site which allows
customers  to buy and sell  stocks.  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.

         The  Bank  has  formed  a joint  venture  subsidiary,  Somerset  Valley
Financial LLC, with  International  Planning  Alliance of Somerset,  New Jersey.
This  arrangement  allows the Bank to share in revenues through the sale of life
insurance,  medical  insurance,   financial  planning,  executive  benefits  and
retirement products. Currently, licensed in-house professionals are available to
meet with  clients  regarding  these  products,  including  five Bank  employees
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 2001, the Bank will open an office in Edison Township located in
Middlesex  County.  This is an area 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, 2000 (the latest date for which figures are available),  Somerset County had
25 FDIC insured  banks and saving banks with 101 offices.  The Bank was ranked 8
of 25 in terms of total  deposits,  with 4.83% of the  Somerset  County  market.
Somerset  County has  experienced  significant  merger activity in recent years.
Most recently the state's largest bank,  Summit,  merged with Fleet, a Northeast
super regional bank with locations in New Jersey. This merger will result 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.

                                        2

<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.  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 $2.5
million.

Employees
         At December  31,  2000,  the Company  employed 77 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, among others,  but one of the
Company's Directors.  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 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 231 State Highway 34,  Matawan,  New
Jersey.  The land lease has an initial  term of ten years and five year  options
through 2033.

         The  Bernards  Township  office at the Bernards  Village  Center at the
intersection of Allen and Hanson Roads

                                        3

<PAGE>


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 Bank's  Executive  Offices and Operations  Center are located at 70
East Main Street,  Somerville,  New Jersey.  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.

         The Bank has a lease for the following Bank site which will open during
2001:


                   o       The  Edison  branch  will be located at 1959 Oak Tree
                           Road,  Edison,  New  Jersey  and is  leased  from  an
                           unaffiliated  third  party.  The lease has an initial
                           term of seven  years,  expiring  in 2006,  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 2000.

                                     PART II

ITEM 5.  MARKET FOR REGISTRANT'S 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
1999 and 2000:

                                    2000                       1999
                            ----------------------------------------------------
                             High       Low             High       Low
                            -----      -----          -------    ------
         First Quarter      $8.81      $8.21 (1)       $9.53      $8.50 (1) (2)
         Second Quarter     $8.81      $7.08 (1)       $9.07      $8.16 (1) (2)
         Third Quarter      $8.21      $6.66 (1)       $8.85      $8.05 (1) (2)
         Fourth Quarter     $9.00      $8.16 (1)       $8.81      $8.05 (1)

(1) Prices  have been  retroactively  adjusted  for the 5% stock  dividend  paid
November 21, 2000. (2) Prices have been retroactively  adjusted for the 5% stock
dividend paid November 19, 1999.

         There are approximately 408 registered  holders of the Company's common
stock.

         The Company paid a 5% stock  dividend on November 21, 2000 and November
19, 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.


                                        4

<PAGE>


         Additional  information  incorporated  by  reference  on page 14 of the
Company's 2000 Annual Report.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS.
         This  information is  incorporated by reference from the Company's 2000
Annual  Report to  Shareholders  on pages 20-33 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 4-18 of the 2000 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 2001 Annual
Meeting of Shareholders.

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 2001 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 2001  Annual  Meeting of
Shareholders.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
         This  information  required by this item is  incorporated  by reference
from  page 9 under  the  caption  "Transactions  with  Related  Persons"  of the
Company's Proxy Statement for its 2001 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, 2000 and 1999

                  Consolidated  Statements of Income - Years Ended  December 31,
                  2000 and 1999

                  Consolidated Statements of Changes in Shareholders' Equity and
                  Comprehensive Income - Years Ended December 31, 2000 and 1999

                  Consolidated  Statements of Cash Flows - Years Ended  December
                  31, 2000 and 1999

                  Report of Independent Accountants

         These  statements are incorporated by reference to the Company's Annual
         Report to Shareholders for the year ended December 31, 2000.

         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)
            13         Annual Report to Security-Holders
            20         Proxy Statement for the 2001 Annual Meeting of
                       Shareholders


                                        6

<PAGE>


            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.

            (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.

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


            (b)        Reports on Form 8-K

                       A Form 8-K was filed on  September  29, 2000 under Item 6
                       "Resignation  of Directors"  regarding the resignation of
                       S. Tucker S. Johnson, Director.

                                        7

<PAGE>


                          SVB FINANCIAL SERVICES, INC.
                                INDEX TO EXHIBITS



Exhibit
Number                                  Description
------            --------------------------------------------------------------
 13               Annual Report to Security-Holders


 20               Proxy Statement for the 2001 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 29, 2001



         Pursuant to the  requirements  of the 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 of the Board     March 29, 2001
----------------------
John K. Kitchen


/s/ Robert P. Corcoran   President and Chief Executive Officer  March 29, 2001
----------------------   and Director
Robert P. Corcoran


/s/ Keith B. McCarthy    Chief Operating Officer and            March 29, 2001
----------------------   Secretary/Treasurer
Keith B. McCarthy


/s/ Bernard Bernstein    Director                               March 29, 2001
----------------------
Bernard Bernstein


                         Director                               March 29, 2001
----------------------
Raymond L. Hughes


                         Director                               March 29, 2001
----------------------
Willem Kooyker


                                        9

<PAGE>









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



/s/ Frank Orlando               Director                        March 29, 2001
---------------------------
Frank Orlando


/s/ Gilbert E. Pittenger        Director                        March 29, 2001
---------------------------
Gilbert E. Pittenger


/s/ Frederick D. Quick          Director                        March 29, 2001
---------------------------
Frederick D. Quick


/s/ Anthony J. Santye, Jr.      Director                        March 29, 2001
---------------------------
Anthony J. Santye, Jr.


/s/ G. Robert Santye            Director                        March 29, 2001
---------------------------
G. Robert Santye


                                Director                        March 29, 2001
---------------------------
Donald Sciaretta


/s/ Herman C. Simonse           Director                        March 29, 2001
---------------------------
Herman C. Simonse


/s/ Donald R. Tourville         Director                        March 29, 2001
---------------------------
Donald R. Tourville


                                       10