Silvergate Bank Names Scott E. Yates as La Jolla Branch Office Manager

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Silvergate Bank (the “Bank”) announced today that Scott E. Yates has joined the Bank as Assistant Vice President and Manager of the Bank’s La Jolla headquarters branch office. Scott has over 6 years of diverse banking experience in the greater San Diego market, and was most recently the Branch Manager of San Diego National Bank’s San Marcos office. Scott is also active in several San Diego area community organizations.

“Scott’s background in the San Diego market and personal involvement in the local community will be valuable assets in his role as manager of our La Jolla branch,” said Alan J. Lane, President and CEO of the Bank.

Silvergate Bank (the “Bank”) announced today that Scott E. Yates has joined the Bank as Assistant Vice President and Manager of the Bank’s La Jolla headquarters branch office. Scott has over 6 years of diverse banking experience in the greater San Diego market, and was most recently the Branch Manager of San Diego National Bank’s San Marcos office. Scott is also active in several San Diego area community organizations.

“Scott’s background in the San Diego market and personal involvement in the local community will be valuable assets in his role as manager of our La Jolla branch,” said Alan J. Lane, President and CEO of the Bank. “His experience as a banker and manager will enable him to lead our efforts to provide superior banking services to an increasing number of businesses and individuals. We are pleased to welcome Scott and look forward to his directing the growth of our La Jolla branch office.”

“I am very happy to be joining Silvergate Bank,” said Mr. Yates. “With its strong capital position, profitability, and experienced leadership, Silvergate has the resources to deliver the banking services that meet the needs of businesses and our community. This makes it the ideal bank for companies and individuals to partner with in these challenging times.”

Scott Yates is the second new branch manager added by Silvergate Bank recently. The Bank previously announced as manager of its Lancaster branch Michael McCullough, with nearly 30 years banking experience in the Antelope Valley, and formerly associated with Union Bank, California Bank & Trust, and Antelope Valley Bank. Expanding its team of experienced business bankers is a key element in Silvergate Bank’s commitment to redefining business banking.

About Silvergate Capital Corporation and Silvergate Bank

Silvergate Capital Corporation (“Silvergate”) 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 June 30, 2010 Silvergate had total assets of $375.1 million. Silvergate and the Bank are headquartered in La Jolla, California, with additional Bank branches in La Mesa, Riverside, and Lancaster, 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 undertakes any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact:
Silvergate Bank
Alan J. Lane
President and CEO
858-362-6300
investors(at)silvergatebank(dot)com

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Teresa Warren

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