New US bank failure

Nevada regulators have shut down Silver State Bank, in the 11th failure this year of a US government-insured bank.

New US bank failure
Sat, 06 Sep, 2008 - 10:55

Nevada regulators have shut down Silver State Bank, in the 11th failure this year of a US government-insured bank.

The Federal Deposit Insurance Corporation was appointed receiver of the bank, located in Henderson. It had US$2bn (€1.4bn) in assets and US$1.7bn (€1.2bn) in deposits as of June 30.

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