Feds seize Silver State Bank

September 2008
Las Vegas Business Press (10712186);9/15/2008, Vol. 25 Issue 37, pP5
The article reports on the business failure of Silver State Bank in Las Vegas, Nevada due to continuing mortgage and credit crisis. The bank was seized by state and federal regulators on September 5, 2008 and was reopened on September 8 as part of the Nevada State Bank. Nevada State Bank took over the deposits, totaling to $1.7 billion, insured by the Federal Deposit Insurance Corp.


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