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Media Contact: Jesse Westbrook Email: [email protected] Cell: 202-297-1632 LA JOLLA, CA— Today, Silvergate released the following statement after agreeing to settlements with the Board of Governors of the Federal Reserve System (Federal Reserve), the California Department of Financial Protection and Innovation (DFPI), and the Securities and Exchange Commission (SEC): “In early March 2023, Silvergate
LA JOLLA, Calif. – 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
Silvergate Capital Corporation Receives Non-Compliance Notice from NYSE Regarding 10-K Filing
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI), the holding company for Silvergate Bank (“Bank”), today announced that on March 17, 2023 it received a letter from the New York Stock Exchange (the “NYSE”) notifying the Company that it is not in compliance with the NYSE’s continued listing
Company Considering How to Best Preserve Residual Value of its Assets LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI), the holding company for Silvergate Bank (“Bank”), today announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable
Silvergate Suspends Series A Preferred Stock Dividend
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that the Company has suspended the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to
Silvergate Provides Statement on Limited Exposure to Genesis
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced a business update in connection with the recently announced bankruptcy filing by Genesis Global Holdco, LLC and its subsidiaries Genesis Global Capital
Silvergate Capital Corporation Announces Fourth Quarter 2022 Results
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (“Bank”), today announced financial results for the three and twelve months ended December 31, 2022. Fourth Quarter 2022 Commentary During the fourth quarter of 2022, the digital asset industry experienced a transformational shift,
Company to Host Conference Call Today at 8:00 a.m. ET to Discuss Recent Developments LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced select unaudited and preliminary financial metrics for the three
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that it will release select unaudited and preliminary fourth quarter 2022 financial metrics before market open on Thursday, January 5, 2023, with
Silvergate Provides Statement on Minimal Exposure to BlockFi
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced a business update, citing that its deposit relationship with BlockFi Inc. (“BlockFi”) is limited to less than $20 million of its total
Silvergate Capital Corporation Announces Second Quarter 2020 Results
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (“Bank”), today announced financial results for the three months ended June 30, 2020. Second Quarter 2020 Financial Highlights Alan Lane, president and chief executive officer of Silvergate, commented, “As our team continues to
Silvergate Capital Corporation Announces First Quarter 2020 Results
LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (“Bank”), today announced financial results for the three months ended March 31, 2020. First Quarter 2020 Financial Highlights Alan Lane, president and chief executive officer of Silvergate, commented, “As we work together as
Silvergate Capital Corporation Announces Fourth Quarter and Full Year 2019 Results
Download the PDF version PDF Format (opens in new window)PDF 437 KBOpens in new window Company Release – 1/29/2020 6:30 AM ET LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (“Bank”), today announced financial results for the period ended December 31, 2019. Fourth Quarter
Silvergate Capital Corporation Announces Third Quarter 2019 Results
Company Release – 12/4/2019 4:10 PM ET LA JOLLA, Calif.–(BUSINESS WIRE)– Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (the “Bank”), today announced financial results for the period ended September 30, 2019. Third Quarter 2019 Financial Highlights Alan Lane, President and Chief Executive Officer of Silvergate,
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