Silvergate Bank

Silvergate Bank
Company type	Public
Traded as	Expert Market: SICP
Industry	Financial services; Cryptocurrency;
Founded	1988; 1996 (as a bank);
Founders	Dennis Frank and Derek J. Eisle (1996 re-capitalization)
Defunct	2023 (announced winding down)
Fate	Voluntary liquidation
Headquarters	La Jolla, San Diego, California, U.S.
Area served	Worldwide
Key people	Alan Lane (CEO); Ben Reynolds (president);
Products	Banking;
Website	silvergate.com

Silvergate stock price

Silvergate Bank was a California bank founded in 1988. The company began providing services for cryptocurrency users in 2016, and conducted an IPO in 2019. In November 2022, concerns were raised about Silvergate's health, after a fall in cryptocurrency prices and the bankruptcy of FTX.^[1]^[2]^[3]^[4] In March 2023, the bank announced plans to wind down and liquidate.^[5] Its failure was one of the first in the 2023 United States banking crisis.

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^ Church, Steven (March 8, 2023). "Silvergate Slides on Plan to Wind Down Bank Operations and Liquidate". Bloomberg News. Retrieved March 8, 2023.

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[liquidation-5] Church, Steven (March 8, 2023). "Silvergate Slides on Plan to Wind Down Bank Operations and Liquidate". Bloomberg News. Retrieved March 8, 2023.

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