Three executives, including Silvergate Bank's CEO and the newly appointed CFO, will leave before September 30

ChainCatcher news, according to The Block, three executives from Silvergate Bank will leave before September 30. According to documents submitted to the U.S. Securities and Exchange Commission (SEC), CEO and President Alan Lane and Chief Legal Officer John Bonino left on August 15, while Chief Financial Officer Antonio Martino will step down on September 30. These three executives will receive severance pay but will no longer receive compensation from the company. Additionally, Silvergate stated that, in light of the bank's liquidation plan, the company will not currently appoint a president, CEO, or CFO.

Previous news, Silvergate announced in March this year that it would cease operations and voluntarily liquidate the bank.