Message #8 From:
NewsBot Date: November 3, 2006 09:30:00 AM
SSBX News Silver State Bank- Leading SBA Lender in Dollar Volume
LAS VEGAS--(BUSINESS WIRE)--According to recent lending statistics Silver State Bank is the number
one Small Business Administration lender in Nevada as ranked by dollar
volume. Silver State Bank closed $24.4 million in SBA 7(a) loans in
Nevada during fiscal year 2006.
“We are very proud of our SBA lending efforts
and are very happy that we were able to assist so many small businesses
in Nevada,” said Silver State Bank Executive
Vice President Cal Regan. “Our excellent
underwriting and processing teams make the SBA process go very smoothly,
which is a big reason why we were able to achieve this high ranking.”
Silver State Bank is labeled one of the Nation’s
highest performing independent banks and a leading SBA lender in Nevada.
Silver State Bank President and CEO Corey Johnson adds the
entrepreneurial nature of small businesses opening and expanding in
Nevada also attributes to the bank’s success.
“Our team continues to work hard for our bank
and our customers. As long as we never lose sight of who we are and
where we came from, we hope to remain a successful, growing bank,”
said Johnson.
Silver State Bank, which recently celebrated its 10-year-anniversary,
achieved another major milestone this year with total assets reported at
$1.15 billion, up 45 percent from last year.
Henderson-based Silver State Bancorp operates nine branches in
Southern Nevada through its wholly owned subsidiary, Silver State Bank.Locations are 400 North Green Valley Parkway (corporate
headquarters), 4200 E. Sunset Road and 65 W. Lake Mead Drive in
Henderson; 170 S. Rainbow Blvd., 8901 W. Sahara Ave. and 9415 W.
Flamingo Ave. in Las Vegas; 1225 W. Craig Road in North Las Vegas; and
1000 Boulder Highway in Boulder City.A 10th
location is scheduled to open November of 2006 on Aliante Parkway in
North Las Vegas.The bank also operates loan production offices
in the cities of Reno, Salt Lake City, Portland, Phoenix and Seattle.In addition, Choice Bank, located in Arizona, is a subsidiary of
Silver State Bank.The company is listed on the NASDOTC Bulletin
Board under the symbol SSBX.OB.
