The Bank Slate


Silvergate in Calif. repays all deposit liabilities

Silvergate Capital in La Jolla, Calif., has fully repaid all remaining deposit liabilities.

The company, which is in the process of winding down its operations, said in a press release that every depositor has been fully repaid without risk to the Deposit Insurance Fund.

Silvergate said it still has excess cash and cash equivalent balances as it continues to focus on its liquidation. Still, the company has contingent liabilities tied to regulatory matters and other pending inquiries and investigations.

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