Silvergate Capital ( NYSE: SI ) said Rebecca Rettig will resign from the boards of both the company and Silvergate Bank effective Wednesday, Feb. 8, 2023. Rettig has accepted an executive position at another company and is resigning due to her new commitments, Silvergate ( SI ) said in a filing after the close Thursday. The company will start a search to fill the boards' vacancies. Her resignation wasn't the result of any dispute or disagreement with the company, the bank or the boards and any matters relating to operations, policies, or practices, the company said. According to media reports Rettig was named Polygon Labs' first chief policy officer. Earlier this month, Silvergate ( SI ) stock tumbled after reports that the U.S. Department of Justice is investigating the crypto-focused bank's business with collapsed crypto firms FTX and Alameda Research.
