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Nevada's Silver State Bank Fails
Nevada's Silver State Bank has been shut down by regulators, making it the 11th U.S. financial institution to fail in 2008.
The Henderson-based bank was closed Friday by the Nevada Financial Institutions Division, and the Federal Deposit Insurance Corporation was named as the receiver. To protect the depositors, the FDIC reached an agreement that will see Las Vegas-based Nevada State Bank take over Silver State's insured deposits.
The branches of Silver State will open on Monday as Nevada State Bank in Nevada and as National Bank of Arizona in Arizona. ...
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