Silvergate Bank Names Dino J. D'Auria Chief Banking Officer

LA JOLLA, Calif., March 26, 2014 /PRNewswire/ -- Silvergate Bank has named respected banking veteran Dino D'Auria its new executive vice president and chief banking officer.  

"Dino's exceptional commercial banking experience, skills and accomplishments make him especially well qualified to lead Silvergate Bank's expanding business banking efforts throughout San Diego County," said Alan Lane, Silvergate Bank's president and chief executive officer.  "Dino's strengths as a banker and manager will be invaluable to our commitment to redefine business banking by providing superior banking services to our clients.  We are very pleased to welcome Dino to the Silvergate team and look forward to his directing the further growth of our commercial banking efforts."

D'Auria, who will work out of Silvergate Bank's headquarters in La Jolla, brings over 25 years of banking experience to his new position.  Most recently, D'Auria was president of the commercial banking group of a mid-sized West Coast bank where he achieved a number of milestones in loan and deposit growth while reorganizing operations, opening offices and recruiting new bankers. His experience in the Greater San Diego area includes holding senior vice president roles from 1998 through 2010 at U.S. Bank/San Diego National Bank and Comerica Bank/Imperial Bank.  His prior experience also includes eight years with Wells Fargo Bank.

"I am extremely happy to be joining Silvergate Bank," said D'Auria. "With its strong capital position, profitability and experienced leadership, Silvergate Bank is uniquely positioned to deliver business banking services that meet the needs of local companies and our community. Silvergate's products, people and financial strength make it the ideal bank for businesses to partner with to support their operations and provide financing to pursue opportunities in a recovering economy."

About Silvergate Bank
Silvergate Bank is a San Diego-based bank that specializes in meeting the needs of small businesses through a comprehensive offering of lending products and personalized banking services.  Silvergate Bank opened in 1988 and is a subsidiary of Silvergate Capital Corporation.  Bank branches are located in Carlsbad, Escondido, La Jolla and La Mesa.  Silvergate Bank's headquarters office is located at 4275 Executive Square, Suite 800, La Jolla, CA 92037.  The Bank's website is www.silvergatebank.com. 

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.

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SOURCE Silvergate Bank