Where is Silvergate Bank located?

The Silvergate Bank headquarters in La Jolla, California. Silvergate Capital Corp. Chief Executive Officer Alan Lane is resigning as the California lender that offered a preview of the problems lurking on bank balance sheets continues to wind down.

Who is leaving Silvergate capital?

Silvergate Capital Chief Executive Alan Lane and other executives are leaving the company amid the wind down and liquidation of Silvergate Bank. Lane and Chief Legal Officer John Bonino will both leave, effective Tuesday. Chief Financial Officer Antonio Martino will exit, effective Sept. 30. The company said in a securities filing...

Did Silvergate breach anti-money laundering laws?

Silvergate “appears to be at the centre” of how those funds were moved around Bankman-Fried’s crypto empire, according to a letter from US senators to the bank’s chief executive Alan Lane. It said the failure to detect such a “scheme” could mean Silvergate breached anti-money laundering laws.

How did Silvergate survive the financial crisis?

Silvergate’s ability to stay profitable during the financial crisis meant it had no shortage of lending opportunities, Lane said, but the problem was getting enough customer deposits to fund those loans. Silvergate looked to cryptocurrency companies to fill that gap.