Silvergate Bank
Silvergate Bank, originally based in La Jolla, California, has recently announced its decision to liquidate voluntarily without government assistance, following agreements with the Federal Reserve, California Department of Financial Protection and Innovation, and the Securities and Exchange Commission. As of November 2023, the bank has repaid all deposits to its customers and ceased banking operations as part of an orderly wind-down process.
The settlements reached will facilitate the surrender of Silvergate's bank charter and conclude ongoing investigations by regulatory authorities. The bank's trademarks, including the Silvergate name and logo, are registered in various countries, including the United States, Australia, and the European Union.
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