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Silver State brings bank death toll to 11.
- Article from:
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Australasian Business Intelligence
- Article date:
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September 7, 2008
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Copyright informationCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alison Vekshin and Ari Levy
Sep 07, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Silver State Bank closed in early September 2008 with $US2 billion in assets. Silver State is the 11th US bank to collapse under the pressure of the credit crisis in 2008. $US1.7 million in deposits will be transferred to the Nevada State Bank. Republican presidential candidate John McCain's son, Andrew McCain, resigned as ...
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