TITLE

Silver State Bancorp's future perhaps in doubt

AUTHOR(S)
Edwards, John G.
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/25/2008, Vol. 25 Issue 34, pP17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the financial losses of Silver State Bancorp posing a concern for the business to continue as reported to the U.S. Securities and Exchange Commission. According to the article, the bank has ceased its repurchase program and reduced lending exposure due to decreasing values for residential developmental properties. The company reported a loss amounting to $73.2 million from $62.7 million two weeks prior.
ACCESSION #
34154925

 

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