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"Karen is a skilled banking professional with long-term involvement in the greater San Diego market," said Alan J. Lane, President and CEO of the Bank. "She adds valuable depth to our executive management team at an important stage in our development."
Mr. Lane continued, "As we pursue new activities permitted by our recent conversion to a California chartered commercial bank, Karen's extensive experience will be a great asset to the Bank. We are pleased to welcome Karen and look forward to her contributions to our progress."
About Silvergate Capital Corporation and Silvergate Bank
Silvergate Capital Corporation is the parent company of Silvergate Bank, a California chartered commercial bank. Silvergate was formed in October 1986 and the Bank commenced operations in August 1988. As of December 31, 2008 Silvergate had total assets of $316.9 million. Silvergate and the Bank are headquartered in La Jolla, California.
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. When used in this release, the words or phrases such as "will continue," "is anticipated," "estimate," "expect," "projected," "believe," "seeking" or similar expressions, are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers should not place undue reliance on the forward-looking statements, which reflect views only as of the date hereof. Neither Silvergate Capital Corporation nor Silvergate Bank undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Silvergate Capital Corporation
Silvergate Bank Alan J. Lane President and CEO 858-362-6300 investors@silvergatebank.com
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