Security Savings Bank loses charter, fades out

Edwards, John G.
March 2009
Las Vegas Business Press (10712186);3/9/2009, Vol. 26 Issue 10, pP15
The article reports on the decision of Financial Institutions Commissioner George Burns to revoke the charter of Security Savings Bank and appoint Federal Deposit Insurance Corp. as receiver. According to the article, Bank of Nevada purchased the failed bank's deposits without paying a premium. It says that during the last week of its operation, Security Savings maintained a low profile and did not even list its officers and directors in its Web site.


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