Data / Bank failures / 2008 / Silver State Bank
Silver State Bank, Henderson, NV: failed September 5, 2008
Silver State Bank in Henderson, Nevada, failed on September 5, 2008. Nevada State Bank of Las Vegas, NV, took over its deposits. It held $1.96 billion in assets and $1.73 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $722.1 million (36.9% of its assets). By assets it was the 10th largest of 30 banks closed or assisted in 2008.
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The FDIC's record
- Closed
- September 5, 2008
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Nevada State Bank, Las Vegas, NV
- Total assets
- $1,957,120,000
- Total deposits
- $1,733,091,000
- Estimated cost to the FDIC
- $722,103,525 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 34194
Other bank failures in Nevada, 2006 to 2010
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Southwestusa Bank | Las Vegas | July 23, 2010 | $203.7 million | $184 million | $86.3 million | Plaza Bank |
| Nevada Security Bank | Reno | June 18, 2010 | $492.5 million | $479.8 million | $70 million | Umpqua Bank |
| Sun West Bank | Las Vegas | May 28, 2010 | $360.7 million | $353.9 million | $116 million | City National Bank |
| Carson River Community Bank | Carson City | February 26, 2010 | $51.1 million | $50 million | $14.5 million | Heritage Bank of Nevada |
| Community Bank of Nevada | Las Vegas | August 14, 2009 | $1.40 billion | $1.37 billion | $558 million | |
| Great Basin Bank of Nevada | Elko | April 17, 2009 | $238.9 million | $220.8 million | $20 million | Nevada State Bank |
| Security Savings Bank | Henderson | February 27, 2009 | $238.3 million | $174.9 million | $32.3 million | Bank of Nevada |
| Citibank, National Association (assistance) | Las Vegas | November 23, 2008 | $1.21 trillion | $230.04 billion |
Other failed banks Nevada State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Great Basin Bank of Nevada | Elko | NV | April 17, 2009 | $238.9 million | $220.8 million | $20 million | Nevada State Bank |
All bank failures in 2008 · All bank failures in Nevada · Every failed bank Nevada State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.