United States banking regulators have reportedly been sent to Silvergate's headquarters in La Jolla, California — looking for ways to save the crypto-friendly bank from a possible shutdown.

A Mar. 7 Bloomberg report citing “people familiar with the matter” said Federal Deposit Insurance Corporation (FDIC) officials have been discussing ways to salvage the company with management.

The FDIC is an independent government agency in the U.S. tasked with supervising financial institutions for safety, soundness and consumer protection, its website states.

The FDIC examiners reportedly arrived at the firm’s headquarters last week and have been reviewing the firm’s books and records, one of the sources said.

However, a decision has yet to be made on how it would deal with its financial strife, nor does FDIC involvement suggest a solution can’t be reached without the regulator's input, suggested another source.