SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K



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

      Date of Report: (Date of earliest event reported): November 15, 2004

                         Commission File No.: 000-28375



                         SILVERADO FINANCIAL CORPORATION
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             (Exact name of registrant as specified in its charter)


          Nevada                                           86-0824125
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(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

                       5976 W. Las Positas Blvd., Suite 116
                                 Pleasanton , CA 94588
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                    (Address of principal executive offices)

                                 (925) 227-1500
                            ------------------------
                            (Issuer telephone number)
 
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                   (Former name, if changed since last report)

          ------------------------------------------------------------
                 (Former address, if changed since last report)



Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act
   (17 CFR 240.13e-4(c))




SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

     ITEM 5.02  DEPARTURE  OF  DIRECTORS  OR  PRINCIPAL  OFFICERS;  ELECTION  OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

     On  November  15,  2004,  Albert  Golusin  resigned  his  position as Chief
Financial Officer,  Chairman and Director of the Registrant.  No replacement has
yet been named.

 
                                   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 thereunto authorized.

                                                 Silverado Financial Corporation

                                             By:  /s/ John Hartman
November 15, 2004                                 ----------------------------
                                                      John Hartman
                                                      President