SVB Financial Group on Thursday reported third-quarter profit fell 29% from a year earlier, to $27 million, or 80 cents a share. It built up its loan reserves 22% from a year earlier, to $52.8 million.

However, the Santa Clara, Calif., banking company, which specializes in lending to start-up technology companies, said its earnings were up 27% from the second quarter and that, despite the credit crisis, its asset and credit quality remain "solid."

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