Bank Failure
Silver State Bank
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Closed September 5, 2008 · Henderson, NV · FDIC Cert #34194.
- Closing date
- September 5, 2008
- Headquarters
- Henderson, NV
- FDIC Certificate
- 34194
- Total assets at closing
- $1.96B
- Total deposits at closing
- $1.73B
- Estimated loss to the insurance fund
- $722.1M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Nevada State Bank
Context
On September 5, 2008, regulators closed Silver State Bank, headquartered in Henderson, NV. At closing, the institution held approximately $1.96B in assets and $1.73B in deposits. The FDIC record names Nevada State Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $722.1M.
By assets at closing this is the 114th largest of the 3,526 bank failures in the FDIC record, and the 7th of 25 in 2008. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Silver State Bank fail?
Silver State Bank was closed by regulators on September 5, 2008.
Who acquired Silver State Bank?
The FDIC record names Nevada State Bank as the acquiring institution in the resolution of Silver State Bank.
How big was Silver State Bank when it failed?
Silver State Bank had approximately $1.96B in total assets and $1.73B in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | PFF Bank & Trust | $3.72B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
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