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News Explorer — Silvergate Bank to Present Self-Liquidation Plan Within 10 Days

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Jun 1, 5:52 pm
The Block

Silvergate Bank to Present Self-Liquidation Plan Within 10 Days

Silvergate Bank has been ordered by the Federal Reserve to file a self-liquidation plan with California financial regulators within 10 days. The plan must conserve cash and other resources to make depositors whole, and must be approved by the California Department of Financial Protection and Innovation.

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