The bank had halted the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
The parent business of Silvergate Bank, Silvergate Capital, declared minor exposure to Genesis Global Capital.
Silvergate, a crypto-focused bank operator, announced a fourth-quarter net loss of more than $1 billion.
After taking an $8 billion hit due to the fall of bitcoin trader FTX, layoffs have been announced at Silvergate Bank.
In the complaint, Silvergate is charged with contributing to FTX's demise.