Silvergate Capital Corp

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Silvergate Capital Corp. is a holding company, which engages in the provision of banking and loan services. It focuses on the financial infrastructure solutions and services for participants in the nascent and digital currency industry. The company was founded in 1988 and is headquartered in La Jolla, CA.

LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (“Silvergate” or the “Company”), the holding company for Silvergate Bank (the “Bank”), today announced that, in connection with the previously disclosed plan to wind down the operations of and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes (the “Bank Liquidation”), the Bank has fully repaid all of its remaining deposit liabilities, other than de minimis amounts amounting.

Silvergate Capital Corporation Announces Full Repayment of Silvergate Bank's Remaining Deposit Liabilities

Silvergate Capital Corp. SICP, as part of its plan to wind down operations and liquidate assets of Silvergate Bank, announced departure plans for its chief executive and chief financial officer in a filing with the Securities and Exchange Commission late Tuesday. The company said Alan Lane, CEO of both the holding company and the bank, and John Bonino, chief legal officer of the company and the bank, no longer held those positions effective Tuesday.

Silvergate announces departures of CEO, CFO, legal chief

The U.S. Federal Reserve announced Thursday it was ordering Silvergate Bank to implement its previously announced plan to liquidate itself in a way that protects depositors and preserves its funds.

Fed orders Silvergate to complete wind-down while protecting depositors, preserving cash

News for Silvergate Capital Corp Stock (SICP)