Silvergate Capital Corp. SI and +52.21% shares rose 18% on Monday in premarket trading, following a surge in banking shares after the announcement that Silicon Valley Bank had found a buyer. Silvergate Capital has begun to wind down operations at Silvergate Bank, its crypto-friendly subsidiary. This institution was a victim of losses and difficulties in the cryptocurrency market over the past months. This news has erased 90% of Silvergate Capital’s value. On Monday, the Federal Deposit Insurance Corp. reported that First Citizens BancShares Inc. FCNCA, -1.11% had entered into a deal for all loans and deposits at Silicon Valley Bridge Bank. This was established by the FDIC after the closure of Silicon Valley Bank.