About Silvergate Bank
Silvergate Bank is a publicly listed company based in San Diego (United States) founded in 1988. A banking platform is offered for business and crypto sectors. It operates on a Commission-Based model. Silvergate Bank has raised $135.8 million across 5 funding rounds from investors including Digital Currency Group and The Witter Family Office. Silvergate Bank offers products and services including Banking Platform. Its focus areas include Financials, Banking and Commercial Banking. Its legal entity is Silvergate Liquidation Corporation (fka Silvergate Bank). Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
Banking services are provided by Silvergate Bank, targeting innovative entrepreneurs in business and cryptocurrency sectors. Solutions are designed to support financial needs with a focus on digital currency industries. The platform is tailored for modern financial challenges faced by clients in these dynamic fields.
- Headquarters San Diego, United States
- Stage Public
- SectorsFinancial Services
- Phone•••• ••••
- Website silvergatebank.com
- Social LinkedIn
- Legal Name Silvergate Capital Corporation
- Annual Revenue-$524.14 M (USD)as on Dec 31, 2022
- Net Profit-$937.91 M (USD)as on Dec 31, 2022
- Total Equity Funding$135.8M (USD)
in 5 rounds
- InvestorsDigital Currency Group
& 1 more
Products & Services of Silvergate Bank
Silvergate Bank offers a comprehensive portfolio of products and services, including Banking Platform.
Innovative banking solutions are provided for entrepreneurs and businesses.
Funding Insights of Silvergate Bank
Silvergate Bank has successfully raised a total of $135.8M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $135.8M
- Total Rounds 5
- Investors Count 2
All 5 funding rounds of Silvergate Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | Private Equity Round | – | The Witter Family Office | – | |
| Feb 2018 | $114M | Private Equity Round | – | Digital Currency Group | – |
| Jan 2015 | $8M | Private Equity Round | – | – | – |
| Dec 2011 | $13.8M | Private Equity Round | – | – | – |
| Aug 2011 | Private Equity Round | – | – | – |
2 investors in total: 2 institutional.
Investors in Silvergate Bank
Silvergate Bank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Digital Currency Group and The Witter Family Office.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A family office focused on wealth management and philanthropy. | witter.nyc | New York, United States | ||
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States |
Investor details for Silvergate Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Silvergate Bank
23 people are tracked at Silvergate Bank (7 in leadership, 9 in board & advisors, 7 in team).
| Name | Role | Group |
|---|---|---|
Maria P. Kunac | EVP and Chief Lending Officer, Commercial Real Estate Division | Leadership |
John M. Bonino | Chief Legal Officer | Leadership |
Alan Lane | Chief Executive Officer | Leadership |
Ken Austad | Senior Vice President - CRE Department Manager | Leadership |
Terrece Madrigal | Svp, Director Of Loan Administration | Leadership |
Crystal Alderman | Director Of Digital & Operations | Leadership |
Barbara Fronek | VP Project Management And Systems Analyst | Leadership |
Dennis Frank | Chairman of the Board | Board & advisors |
Karen Brassfield | Director | Board & advisors |
Michael Lempres | Director | Board & advisors |
Colleen Sullivan | Director | Board & advisors |
Robert Campbell | Lead Director | Board & advisors |
Paul Colucci | Director | Board & advisors |
Scott A. Reed | Director | Board & advisors |
Thomas Dircks | Director | Board & advisors |
Rebecca Rettig | Director | Board & advisors |
Elaine Batlis | EVP and Manager, Warehouse Lending Division | Team |
Paris Cribben | General Counsel | Team |
Jim Williams | Commercial Loan Officer | Team |
Annalee Metoyer | Commercial Loan Processor | Team |
3 more people are available in the full profile.
Complete people profiles for Silvergate Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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IPO & Listings of Silvergate Bank
Silvergate Bank is a publicly listed company on the NYSE with ticker symbol SI in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Nov 2019
- Listed onNYSE: SI
- Listed entityShoulder Innovations, Inc.
- Exchange sectorHealth technology
- ISINUS82837P4081
- Share price$0.06 (-61.29% on the day) · 2026-04-01
- Market capitalisation$4.9M
- Volume (last session)2,355
- Analyst consensusNo rating
Financials of Silvergate Bank
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2022 | -$524.1M | -$937.9M | |
| 2021 | $175.7M | $78.5M | |
| 2020 | $97.8M | $26.0M |
Detailed financial statements for Silvergate Bank
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Silvergate Bank
4 dated milestones of Silvergate Bank across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Silvergate Bank is founded.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round,.
- IPO Lists on the stock exchange (IPO).
Competitors of Silvergate Bank
Silvergate Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of Silvergate Bank
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- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Silvergate Bank
The website of Silvergate Bank (silvergatebank.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 11.5% vs previous month
Websites whose visitors overlap most with Silvergate Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| abcbank.net | 100% | View details | |||
| firstcommercialbk.com | 98% | View details | |||
| cbank.com | 63% | View details | |||
| fgb.net | 63% | 35K | #563,427 | View details | |
| iconbanktx.com | 62% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Silvergate Bank
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- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Silvergate Bank
Complete news archive for Silvergate Bank
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Frequently Asked Questions about Silvergate Bank
Silvergate Bank was founded in 1988 and raised its 1st funding round 23 years after it was founded.
Silvergate Bank is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Silvergate Bank is a funded company, having raised a total of $135.8M across 5 funding rounds to date.
Banking services are provided by Silvergate Bank, targeting innovative entrepreneurs in business and cryptocurrency sectors. Solutions are designed to support financial needs with a focus on digital currency industries. The platform is tailored for modern financial challenges faced by clients in these dynamic fields.
Silvergate Bank's top competitors include Truist, Citi and Equity Bank.
Silvergate Bank offers Banking Platform.
Yes, Silvergate Bank is publicly traded on NYSE under the ticker symbol SI.
Silvergate Bank has 2 investors. Key investors include Digital Currency Group, and The Witter Family Office.
Silvergate Bank operates through Silvergate Liquidation Corporation (Fka Silvergate Bank).