Silver State Bancorp Acquires Choice Bank

March 31, 2006 Posted In Economic News Las Vegas Info

According to reports released late on Wednesday, Silver State Bancorp will acquire Choice Bank. The acquisition was a cash deal that valued out at more than $31 million officials say. With the acquisition shareholders of Choice Bank will be receiving $27.50 per share stock from Henderson based Silver State Bancorp.

Silver State, which operates nine branches in and around Las Vegas homes, reports its assets at $806 million and stockholder’s equity of over $63 million at the end of 2005.