Is Silvergate Bank legit?
Is Silvergate Bank legit?
Silvergate Bank is a brick-and-mortar bank, with five total branches in California. Silvergate Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
How does Silvergate Bank work?
The way it works, institutions that want to trade crypto open an account at the bank. Then when they trade cryptocurrency on Coinbase or one of the other trading platforms that are aligned with Silvergate, that platform handles the crypto exchange while Silvergate transfers the dollars into its customer accounts.
Who is the CEO of Silvergate Bank?
Alan J. Lane
Silvergate Bank/CEO
What is Silvergate Bank Sen?
Silvergate is the banking partner of the majority of the world’s large digital asset exchanges. The Silvergate Exchange Network (SEN) allows for nearly instant settlement of dollar-denominated transfers.
Is Silvergate Bank FDIC insured?
Silvergate Bank is an FDIC insured institution located in La Jolla, CA. It was founded in 1988 and has approximately $12.3 billion in assets….General Bank Information.
| FDIC Certificate | # 27330 |
| Date Established | 1988 |
| Assets | $ 12.30 billion |
| Loans | $ 1,488.73 million |
| Deposits | $ 11.39 billion |
Where is Silvergate Bank based?
La Jolla
Based in La Jolla, California, Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry.
Who owns Silvergate Capital?
Top 10 Owners of Silvergate Capital Corp
| Stockholder | Stake | Shares owned |
|---|---|---|
| EJF Capital LLC | 4.38% | 1,165,266 |
| Zevenbergen Capital Investments L… | 3.32% | 881,704 |
| Lord, Abbett & Co. LLC | 2.72% | 723,944 |
| Goldman Sachs & Co. LLC (Private … | 2.57% | 681,974 |
Is Silvergate regulated?
Our digital currency industry solutions and services are currently offered through our subsidiary, Silvergate Bank, a California-chartered commercial bank that is a member of the Federal Reserve System. Our solutions and services are built on our deep-rooted commitment and proprietary approach to regulatory compliance.
What does Silvergate Capital do?
Silvergate Capital Corporation is a holding company for Silvergate Bank (the Bank). The Bank is a provider of financial infrastructure solutions and services to participants in the nascent and expanding digital currency industry.
Is Silvergate Bank regulated?
How many employees does Silvergate Bank have?
40
Silvergate Bank has 40 total employees across all of its locations and generates $94.97 million in sales (USD).
Is Silvergate a buy?
Silvergate Capital has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.
What is Silvergate Bank?
Based in La Jolla, California, Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry.
What is Silvergate Media?
Silvergate Media is a television production and brand licensing company based in London and New York. The company was founded in 2011 by Waheed Alli, who set up the company as part of a management buy-out, buying the rights to The Octonauts and The World of Beatrix Potter from Chorion, a company he was previously chair of.
What is Silvergate compliance?
As a U.S.-based financial institution and Federal Reserve member bank, Silvergate has rigorous compliance requirements that are designed to keep both us and our clients safe. Our years of experience and understanding of regulatory compliance enable us to work responsibly with pioneering companies and entrepreneurs.
What happened to Silvergate Bank San Marcos CA?
It was announced in November 2018 that HomeStreet Bank would acquire the San Marcos, California retail branch and business lending team of Silvergate Bank. The transaction should be finalized in the first half of 2019. On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic.
