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): January 25, 2005
                         Commission File No.: 000-28375

                            SILVERADO FINANCIAL INC.
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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
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                            (Issuer telephone number)

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                   (Former name, if changed since last report)

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                 (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))


Changes in Certifying Accountant

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

On January 25, 2005, the Company  terminated its principal  accountant,  Epstein
Weber  Conover,   CPA,  P.C.  of  Scottsdale,   Arizona.   The  Company  had  no
disagreements  with Epstein  Weber  Conover,  CPA,  P.C.  during the years ended
December 31, 2004.


On January 25, 2005, the Company engaged Sallman Yang & Alameda,  CPA, Certified
Public Accountants of Pleasanton,  California 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.


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 Inc.
                                               By:  /s/ John Hartman
February 3, 2005                              ----------------------------
                                                        John Hartman
                                                        President