The FDIC’s involvement is the latest sign of the urgency of Silvergate’s woes. Last week, the firm said mounting losses may force it to evaluate its viability. Because deposits from the lender’s clients are insured by the government, the regulator could play a major role in any potential solution.

https://www.bloomberg.com/news/articles/2023-03-07/silvergate-in-talks-with-fdic-officials-on-ways-to-salvage-bank?sref=EcccZSTc