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Silvergate Bank's Lancaster office and deposits served digital currency businesses with banking services.
Silvergate Bank provided banking services to cryptocurrency exchanges, institutional investors, and other digital asset businesses. Its services included deposit accounts, commercial banking, and payment processing. Community Bank Investors of America L.P. acquired a 9.9% minority stake in Silvergate Capital Corp. in August 2007, with the potential to increase it to a 24.9% controlling stake.
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