The estimated Net Worth of Dennis S Frank is at least $35.7 Milion dollars as of 10 June 2022. Mr. Frank owns over 674 units of Silvergate Capital stock worth over $63,343 and over the last 5 years he sold SI stock worth over $34,976,415. In addition, he makes $640,225 as Chairman of the Board at Silvergate Capital.
Dennis has made over 14 trades of the Silvergate Capital stock since 2019, according to the Form 4 filled with the SEC. Most recently he exercised 674 units of SI stock worth $843 on 10 June 2022.
The largest trade he's ever made was selling 394,181 units of Silvergate Capital stock on 12 November 2019 worth over $4,399,060. On average, Dennis trades about 52,467 units every 55 days since 2019. As of 10 June 2022 he still owns at least 50,674 units of Silvergate Capital stock.
You can see the complete history of Mr. Frank stock trades at the bottom of the page.
Dennis S. Frank is Chairman of the Board of the Company. He has been Chairman of the Board of both the Bank and the Company since November 1996 and served as Chief Executive Officer of the Company from November 1996 until December 2017. He also served as Chief Executive Officer of the Bank from November 1996 until July 2007. Mr. Frank is also President of PDL Management Corporation, Houston, Texas, a private investment company. From 1988 to 1993, Mr. Frank was a Managing Director and major shareholder of Coastal Banc SSB, Houston, Texas, and he served as director of Coastal Banc from 1988 until its sale to Hibernia Bancorp in May of 2004. From 1980 through 1987, Mr. Frank was a Vice President of Goldman, Sachs & Co. in New York. He has a Master of Business Administration and a Bachelor of Science degree in Business from New York University. Mr. Frank’s qualifications to serve on our Board include extensive financial services industry experience and his roles as an executive manager and director of banking companies since 1988, including over 20 years as Chairman and Chief Executive Officer of the Company and the Bank.
As the Chairman of the Board of Silvergate Capital, the total compensation of Dennis Frank at Silvergate Capital is $640,225. There are 4 executives at Silvergate Capital getting paid more, with Benjamin Reynolds having the highest compensation of $1,092,080.
Dennis Frank is 63, he's been the Chairman of the Board of Silvergate Capital since 2017. There are 5 older and 15 younger executives at Silvergate Capital. The oldest executive at Silvergate Capital Corporation is John M. Bonino, 72, who is the Chief Legal Officer.
Dennis's mailing address filed with the SEC is 4250 EXECUTIVE SQUARE, SUITE 300, LA JOLLA, CA, 92037.
Over the last 5 years, insiders at Silvergate Capital have traded over $110,194,240 worth of Silvergate Capital stock and bought 75,511 units worth $952,292 . The most active insiders traders include Dennis S Frank, Scott A. Reed oraz Martin S. Friedman. On average, Silvergate Capital executives and independent directors trade stock every 8 days with the average trade being worth of $27,531. The most recent stock trade was executed by Antonio Martino on 26 February 2023, trading 293 units of SI stock currently worth $366.
Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States and internationally. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products include one-to-four family real estate loans, multi-family real estate loans, commercial real estate loans, construction loans, commercial and industrial loans, mortgage warehouse loans, and reverse mortgage loans, as well as consumer loans and other loans secured by personal property. The company also provides cash management services for digital currency-related businesses. The company was founded in 1988 and is headquartered in La Jolla, California.
Silvergate Capital executives and other stock owners filed with the SEC include: