BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Bank Failure Count: 2008's 11th bank fails, McCain's son was director]]>http://www.bloggingstocks.com/2008/09/06/bank-failure-count-2008s-11th-bank-fails-mccains-son-was-dir/http://www.bloggingstocks.com/2008/09/06/bank-failure-count-2008s-11th-bank-fails-mccains-son-was-dir/http://www.bloggingstocks.com/2008/09/06/bank-failure-count-2008s-11th-bank-fails-mccains-son-was-dir/#commentsFiled under: , , , , ,

In what I feared might become a regular feature here, the Federal Deposit Insurance Corporation (FDIC) arranged for the takeover of the 11th failed bank of 2008 on Friday. As I posted, the FDIC likes to close banks on Friday after hours so they can reopen as branches of the acquiring bank on the following Monday morning. According to the Associated Press, the bank in question is Nevada's Silver State Bank.

Nevada State Bank of Las Vegas will take over the insured deposits of Silver State -- which had $2 billion in assets and $1.7 billion in deposits at the end of June. AP reports that "[Silver State's] branches will reopen Monday as offices of Nevada State Bank in Nevada and National Bank of Arizona in Arizona."

John McCain's son, Andrew, who is also CFO of his mom's beer distributorship, "sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing 'personal reasons.' Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting," according to AP.

Continue reading Bank Failure Count: 2008's 11th bank fails, McCain's son was director

Bank Failure Count: 2008's 11th bank fails, McCain's son was director originally appeared on BloggingStocks on Sat, 06 Sep 2008 10:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>andrew mccainfdicgeorge bushinthenewsjohn mccainmitt romneynevada staterudy giulianisilver statesilver state bancorpsteve forbSat, 06 Sep 2008 10:05:00 EST<![CDATA[IPO & secondary preview -- Week of July 2, 2007]]>http://www.bloggingstocks.com/2007/07/02/ipo-and-secondary-preview-week-of-july-2-2007/http://www.bloggingstocks.com/2007/07/02/ipo-and-secondary-preview-week-of-july-2-2007/http://www.bloggingstocks.com/2007/07/02/ipo-and-secondary-preview-week-of-july-2-2007/#commentsFiled under: , ,

Consistent with tradition, Wall Street's equity market is taking the 4th of July holiday week off, with only 1 deal, a secondary offering, tentatively scheduled to price.

Secondaries:

Possible

Silver State Bancorp (OTC: SSBX), a 3.2 million share secondary for this savings & loan holding company. Sandler O'Neill & Partners and Howe Barnes Investment are the lead managers.

For the latest market intelligence on IPOs, Syndicate, and after-market trades, check out The Fly Syndicate at www.theflyonthewall.com. [Subscription required.]

IPO & secondary preview -- Week of July 2, 2007 originally appeared on BloggingStocks on Mon, 02 Jul 2007 11:07:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Silver State BancorpSilverStateBancorpssbxMon, 02 Jul 2007 11:07:00 EST