Magazine : Archives : 2nd Quarter 2023

Point of View

It’s All About Deposits, Baby Back in January 2022, a man named Alan Lane walked up on stage and talked to an audience of about 1,500 bankers at Bank Director’s Acquire or Be Acquired Conference. The topic was Silvergate Capital Corp., a formerly small community banking company in sunny La Jolla, California, which he had transformed as CEO to a much larger bank, borne to greatness on a wave of crypto. Like other entrepreneurs, Lane saw opportunity that wasn’t being met in the market. He joined the bank in 2008, during the height of the last financial crisis. “What attracted...