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Silvergate Capital Corporation (SI) CEO Alan Lane on Q1 2020 Results - Earnings Call Transcript

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Silvergate Capital Corporation (SI) Q1 2020 Earnings Conference Call April 29, 2020 11:00 AM ET

Company Participants

Shannon Devine - Investor Relations

Alan Lane - President & Chief Executive Officer

Tony Martino - Chief Financial Officer

Ben Reynolds - Executive Vice President & Director of Corporate Development

Conference Call Participants

Joseph Vafi - Canaccord

Eugene Koysman - Barclays

Michael Schiavone - KBW

Ryan Todd - The Block Research


Good morning and welcome to the Silvergate Capital Corporation, First Quarter 2020 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference line will be opened for questions with instructions to follow at that time. As a reminder, this conference call is being recorded.

I would now like to turn the call over to Shannon Devine, Investor Relations for Silvergate. Please go ahead. Shannon please go ahead.

Shannon Devine

Thank you, operator, and good morning, everyone. We appreciate your participation in our first quarter 2020 earnings call. With me here today are Alan Lane, our President and Chief Executive Officer; Tony Martino, our Chief Financial Officer; and Ben Reynolds, EVP and Silvergate Bank's Director of Corporate Development.

As a reminder, a telephonic replay of this call will be available through 11:59 p.m. Eastern time on May 13, 2020. Access to the replay is also available on the Investor Relations section of our website. Additionally a slide deck to complement today's discussion is available on IR section of our website.

Before we begin, let me remind everyone that this call may contain certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include remarks about management's future expectations, beliefs, estimates, plans and prospects. Such statements are subject to a variety of risks, uncertainties and other factors including the COVID-19 pandemic that

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