UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported) March 15, 2004


                            SILVERADO FINANCIAL INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


        Nevada                       000-31079                   77-0140428
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State or other jurisdiction         Commission                  IRS Employer
Of incorporation                    File Number            Identification Number


            1475 South Bascom Avenue, Suite 210, Campbell, CA. 95008
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               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number including area code: (408) 371-2301



ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

On March 15, 2004, the Company's principal accountant,  James C. Marshall,  CPA,
P.C.  of  Scottsdale,  Arizona  resigned.  The audit  reports  on the  Company's
financial  statements  for the  years  ended  December  31,  2002 and 2001  were
unqualified.  The board of directors of the Company  accepted the resignation of
James C.  Marshall,  CPA,  P.C The  Company had no  disagreements  with James C.
Marshall, CPA, P.C. during the years ended December 31, 2002 and 2001.

On March 16,  2003,  the  Company  engaged  Epstein,  Weber &  Conover,  P.L.C.,
Certified  Public  Accountants  of  Scottsdale,  Arizona  as its new  Certifying
Accountant.  The Company did not have any consulting  arrangements with Epstein,
Weber  &  Conover,   P.L.C.,   Certified  Public   Accountants  prior  to  their
appointment.


ITEM 7: EXHIBITS

16.1 Letter from James C. Marshall, P.C. dated March 15, 2004


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date:    March 16, 2004

                                  SILVERADO FINANCIAL INC.

                                  By  /s/ John Hartman
                                      -----------------------------------------
                                          John Hartman, Chief Executive Officer