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Silvergate

Silvergate

Silvergate, now operating as Silvergate Liquidation Corporation, was a bank that has ceased operations and is undergoing a voluntary liquidation. As of November 2023, all customer deposits were repaid. The company is in an orderly wind-down process, which includes settlement agreements with the Federal Reserve, the California DFPI, and the SEC.
La Jolla, USA

Description

Silvergate is a financial institution, formerly known as Silvergate Bank, which is now operating as Silvergate Liquidation Corporation. In early March 2023, Silvergate began a voluntary liquidation, and as of November 2023, all customer deposits had been repaid. On May 11, 2023, the NYSE commenced proceedings to delist the company's shares. On July 1, 2024, Silvergate announced settlement agreements with the Federal Reserve, the California Department of Financial Protection and Innovation (DFPI), and the Securities and Exchange Commission (SEC) as part of its orderly wind-down to surrender its bank charter. The company's corporate headquarters are located in La Jolla, California.