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): March 01, 2006

                              Commission File No.:



                         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 218
                                 Pleasanton, CA 94588
              -----------------------------------------------------
                    (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 March 01, 2006, the Board of Directors  accepted the resignation of John
Hartman as Chief  Executive  Officer 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/ Sean Radetich
March 01, 2006                                 ----------------------------
                                               Sean Radetich
                                               Vice-President