Silvergate Capital Corporation (SICP)
OTC PINK OTC PINK Primary Summary
SICP Chart
Defunct Silvergate Bank's owner settles with regulators over compliance lapses
The owner of defunct crypto lender Silvergate Bank has agreed to pay $63 million to end probes over compliance lapses, the first federal enforcement action brought against entities and individuals in relation to a crop of bank failures in 2023.
US SEC sues Silvergate for securities fraud
The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp in a federal court for securities fraud, a court filing showed on Monday.
Silvergate Capital Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Lyn Dippel Curio Wealth LLC | 10 | $0.6 | $4.5 | $3.9 | 650% |
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Silvergate Capital Corporation Profile
| Banks Industry | Financials Sector | Andrew Surry CEO | OTC PINK Exchange | 82837P408 CUSIP |
| US Country | 300 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Silvergate Capital Corporation operates as the holding entity for Silvergate Bank, a financial institution dedicated to offering a wide range of banking products and services to both business and individual clients throughout the United States. With its origins dating back to 1988, Silvergate has established a strong presence in the banking sector, particularly known for its innovative approach in serving digital currency-related businesses. Headquartered in La Jolla, California, the bank has positioned itself as a pivotal player within the niche market of cryptocurrency banking alongside its traditional banking services.
Products and Services
Silvergate Capital Corporation offers an expansive array of banking products and services designed to meet the diverse needs of its clients:
- Deposit Products:
Including a variety of accounts such as interest and noninterest-bearing demand accounts, which offer clients flexibility with their cash flow; money market and savings accounts, providing secure investment options with competitive interest rates; and certificates of deposit accounts, for those looking for fixed-term investment opportunities.
- Loan Products:
Comprising a comprehensive suite of loan offerings like one-to-four family real estate loans tailored for individual homebuyers; multi-family real estate loans for investors in apartment buildings and similar properties; commercial real estate loans designed for businesses looking to invest in or expand their physical locations; construction loans for both residential and commercial development projects; commercial and industrial loans to support businesses in various sectors; mortgage warehouse loans, catering to mortgage lenders; reverse mortgage loans, aimed at homeowners; and consumer loans and other loans secured by personal property.
- Cash Management Services:
Specifically designed for digital currency-related businesses, Silvergate offers bespoke cash management solutions. This distinct service caters to the unique financial requirements of companies operating within the rapidly evolving digital currency landscape, showcasing Silvergate's commitment to innovation and understanding of niche markets.
