Silvergate: Suspend the 5.375% Series A Preferred Stock dividend to preserve liquidity

BlockBeats News, January 27, Business Wire reports that crypto-friendly bank Silvergate Capital has issued an announcement that it has suspended dividend payments on its 5.375% fixed rate non-cumulative Perpetual Preferred Stock Series A in order to maintain liquidity. The Company's Board of Directors will review the payment of the quarterly dividend as market conditions change.