The bank fell apart like so many banks did in 2008-2011. They bucked the status quo and put all their eggs in the crypto basket. there non-interest bearing deposits were 9% when the average bank is 25-30%. It was too good to be true and the rest is history.
How can a bank rated A fail in a week, as this bank did??
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Silvergate Bank Locations | ||
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LA Jolla Branch | 4250 Executive Sq | La Jolla, CA 92037 |
Silvergate Bank | 4250 Executive Sq | La Jolla, CA 92037 |
San Marcos Branch | 277 Rancheros Drive, Suite 300 | San Marcos, CA 92069 |