BNET Industries
Last Fiscal Year Sales:$150.2M
- Public
- US
Dow Jones Description
Silver State Bancorp, through its wholly-owned subsidiary, Silver State Bank, currently operates thirteen full service branches in southern Nevada and four full service branches in the Phoenix/Scottsdale market area. Silver State Bank also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado and Florida.
Chief Executive Officer
Mike ThorellNumber of Employees 389
Contact Information
170 S Green Valley Pkwy
Henderson, Nevada 89012
(702) 433-8300
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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silver state bancorp - All News and Analysis
Silver State Bank Postmortem
Eric Fox submits: Here are some final stats on the bank SSBX seized Friday by the Federal Deposit Insurance Corporation [FDIC], as of 6/30/08. Equity capital to assets - 6.87%Core capital leverage ratio - 6.56%Tier 1 risk-based capital ratio - 7.57%Total risk-based capital ratio - 8.86% by Eric Fox
Silver State Bancorp Announces Appointment of Phillip C. Peckman to Its Audit Committee and Compliance with Nasdaq Audit Committee Composition Requirements
HENDERSON, Nev. -- Silver State Bancorp (NASDAQ: SSBX), the holding company for Silver State Bank, announced today that the Company's Board of Directors, upon the recommendation of the Nominating and Governance Committee, appointed Mr. Phillip C. Peckman to the Company's Audit Committee on August 22, 2008. Mr. Peckman currently...
Silver State Bancorp Announces Noncompliance with Nasdaq Audit Committee Composition Requirements and Plans to Cure Deficiency
HENDERSON, Nev. -- Silver State Bancorp (NASDAQ: SSBX), the holding company for Silver State Bank, announced today that the company received a letter on August 15, 2008 from the Nasdaq Stock Market indicating that the company no longer complies with the audit committee composition requirements as set forth in Marketplace...
Silver State Bancorp Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from [Tom Dulhaney - Decade Capital]. [Tom Dulhaney - Decade Capital] I was wondering if you could provide an update on potential problem loans. I think there was something like $275 million in the last 10Q. I would...
Silver State Bancorp Announces Second Quarter Results Release and Conference Call Date
HENDERSON, Nev. -- Silver State Bancorp (Nasdaq: SSBX) today announced that it will release its second quarter results at 9:00 AM Eastern Time/6:00 AM Pacific Time on August 1, 2008 and host a conference call on August 4 at 12:00 PM Eastern Time/9:00 AM Pacific Time to discuss the Company's...
Alerts for Friday, August 18, 2006 - Featuring Pacific Sands, Pilgrim Petroleum, Silver State Bancorp, SearchHelp and More.
M2 PRESSWIRE-18 August 2006-TalkingStocks.com: Alerts for Friday, August 18, 2006 - Featuring Pacific Sands, Pilgrim Petroleum, Silver State Bancorp, SearchHelp and MoreC1994-2006 M2 COMMUNICATIONS LTD RDATE:18082006 Dallas, Texas - Talking Stocks Pre-Market Updates for Friday include Pacific Sands Inc (OTCBB: PFSD),...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mike Thorell | Chief Executive Officer |
| Calvin D Regan | President of Silver State Bank |
| Kirk Viau | Chief Risk Officer |
| Michael Threet | Chief Financial Officer |
| Douglas E French | Executive Vice President of |
| Thomas J Russell | Executive Vice President |
| Alan Knudson | Director |
| Brian M Collins | Director |
| Corey Johnson | Director |
| Craig McCall | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bryan S Norby | Director & Chairman |
| Andrew K. McCain | Board of Directors |
| Brian W Cruden | Board of Directors |
| Mark S. Bosco | Board of Directors |
| Thomas Nicholson | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | Chief Executive Officer | Current |
| Silver State Bank | Chief Executive Officer | Current |
| Silver State Bancorp | Acting President | Current |
| The Mortgage Lender Implode | Acting President | Current |
| Silver State Bank | Acting President | Current |
| Choice Bank, Arizona | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | President of Silver State Bank | Current |
| Silver State Bank | President | Former |
| Organization | Position | Status |
|---|---|---|
| Silver State Bank | Senior Vice President and Chief Risk Officer | Current |
| Silver State Bancorp | Chief Risk Officer | Current |
| The Mortgage Lender Implode | Senior Vice President and Chief Risk Officer | Current |
| Political Base | Senior Vice President and Chief Risk Officer | Current |
| Silver State Bancorp | Senior Vice President | Current |
| Federal Deposit Insurance Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Silver State Bank | Chief Operating Officer and Chief Financial Officer | Current |
| The Mortgage Lender Implode | Chief Operating Officer and Chief Financial Officer | Current |
| Political Base | Chief Operating Officer and Chief Financial Officer | Current |
| Silver State Bancorp | Chief Financial Officer | Current |
| Silver State Bank | Executive Vice President | Former |
| Silver State Bank | Finance Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | Executive Vice President of | Current |
| Silver State Bank | Executive Vice President Commercial Real Estate Lending | Current |
| Silver State Bank | Senior Vice President Real Estate Loan Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Political Base | Executive Vice President Credit Administrator | Current |
| Silver State Bancorp | Executive Vice President | Current |
| The Mortgage Lender Implode | Executive Vice President Credit Administrator | Current |
| First Security Bank of Nevada | Vice President | Former |
| First Security Bank of Nevada | Area Manager | Former |
Bryan S. Norby has served as a founding director of Silver State Bank since its inception in July 1996 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. Norby has been a financial analyst with Yanke Machine Shop, Inc., a metal fabrication company, since 1998. Mr. Norby is currently on the Board of Directors of Northwest Bancorporation, Inc., the bank holding company of the Inland Northwest Bank. Mr. Norby is an inactive certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | Director & Chairman | Current |
| Yanke Machine Shop, Inc | Financial Analyst | Current |
| Silver State Bank | Director, Chairman of the Board | Current |
| Inland Northwest Bank | Chairman | Current |
| Silver State Bancorp | Director | Current |
| The Mortgage Lender Implode | Director | Current |
| Northwest Bancorporation Inc. | Board of Directors | Current |
| Political Base | Director | Current |
| Ross Inc. | Auditor | Former |
| Silver State Bank | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Political Base | Director | Current |
| Silver State Bancorp | Director | Current |
| The Mortgage Lender Implode | Director | Current |
| Silver State Bank | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Hensley & Co. | Chief Financial Officer | Current |
| Hensley & Co. | Vice President | Current |
| Greater Phoenix Chamber of Commerce | Board of Directors | Current |
| Silver State Bancorp | Board of Directors | Current |
| Choice Bank | Director | Current |
| Fiesta Bowl | Board Member | Current |
| Organization | Position | Status |
|---|---|---|
| Collins Development Co | Owner | Current |
| Silver State Bancorp | Director | Current |
| Political Base | Director | Current |
| The Mortgage Lender Implode | Director | Current |
| Collins Development Co | Treasurer | Current |
| Silver State Bank | Director | Current |
| Collins Brothers Corporation | Vice President | Former |
Brian has more than 20 years of experience in the health care and insurance fields. Prior to founding Insurcorp, he was vice president of marketing and sales for the largest insurance company in Nevada. In addition, he has vast knowledge and experience in the field of risk management. He is a longtime resident of Nevada and graduated from the University of Nevada, Las Vegas with a degree in business finance. Extremely active in the community, Brian serves on the board of directors of Silver State Bank, the board of directors for the Nevada Community Foundation, and as a member of Rotary International.
| Organization | Position | Status |
|---|---|---|
| Insurcorp | President | Current |
| Insurcorp | Co-Owner | Current |
| Silver State Bancorp | Board of Directors | Current |
| Silver State Bank | Board of Directors | Current |
| The Mortgage Lender Implode | Director | Current |
| Rotary International | Board of Directors | Current |
| Political Base | Director | Current |
| Rotary International | Member | Current |
| Insurcorp | Founder | Former |
| Insurcorp | Partner | Former |
| Nevada Community Foundation | Board of Directors | Former |
| University of Nevada | degree in business finance | Former |
| University of Nevada, Las Vegas | Degree In Business Finance | Former |
Corey L. Johnson has served as founding director of Silver State Bank since its inception in July 1996 and as founding director of Silver State Bancorp since its inception in January 1999. Mr. Johnson served as President of Silver State Bank/Silver State Bancorp since their respective inception and was promoted to President and Chief Executive Office of both organizations in January 2006. Since December 2006 Mr. Johnson has served as President and Chief Executive Office of Silver State Bancorp and Chief Executive Office of Silver State Bank.
| Organization | Position | Status |
|---|---|---|
| Silver State Bank | Chief Executive Officer | Current |
| Silver State Bank | Director | Current |
| Silver State Bancorp | Director | Current |
| Silver State Bancorp | President & Chief Executive Officer | Former |
| Silver State Bank | President | Former |
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | Director | Current |
| Silver State Bank | Director | Current |
| Political Base | Director | Current |
| The Mortgage Lender Implode | Director | Current |
Mark S. Bosco has served as a director of Choice Bank since 2002, where he has served on the Audit Committee. Mr. Bosco has been a partner of Tiffany & Bosco, P.A., a Phoenix law firm, which provides a wide range of legal services to the business community, since 1987. In addition, he has been the Chairman and majority owner of Great American Title Agency, Inc., which specializes in title insurance and escrow services, since 2003 and a Chairman and 50% owner of National Default Servicing Corporation, which specializes in foreclosures, bankruptcies, evictions, and other default related services, since 1996. Mr. Bosco is a member of the American Bar Association, the Arizona Bar Association, the Texas Bar Association and the Maricopa County Bar Association. In addition, Mr. Bosco is a FNMA Designated Counsel for Arizona and Nevada and a FHLMC Designated Counsel for Arizona.
| Organization | Position | Status |
|---|---|---|
| Choice Bank | Director | Current |
| Maricopa County Bar Association | Board of Directors | Current |
| Silver State Bancorp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Silver State Bancorp | Board of Directors | Current |
| Political Base | Director | Current |
| Silver State Bank | Director | Current |
| The Mortgage Lender Implode | Director | Current |
| Micron Technology, Inc. | Director | Former |
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