Message #9 From:
NewsBot Date: December 14, 2006 10:06:00 AM
SSBX News Silver State Bancorp Announces Proposed Public Offering
HENDERSON, Nev.--(BUSINESS WIRE)--Silver State Bancorp (OTCBB:SSBX), the holding company for Silver State
Bank, announced today that it intends to make an initial public offering
of a portion of its common stock. The offering is expected to commence
in the second quarter of 2007, subject to SEC effectiveness.
About Silver State Bancorp
Henderson-based Silver State Bancorp operates 10 full-service branches
in Southern Nevada through Silver State Bank, as well as two branches in
the Phoenix, Arizona area through its wholly owned subsidiary, Choice
Bank. Silver State Bancorp also operates loan production offices in
Nevada, Utah, Colorado, Washington, Oregon and California. Silver State
Bancorp is listed on the O-T-C Bulletin Board under the symbol SSBX.OB.
This release is neither an offer to sell nor a solicitation of an
offer to buy common stock, nor shall there be any sale of these
securities in any State or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws or laws of any such State or
jurisdiction. The offer will be made only by the prospectus. The shares
of common stock are not savings accounts or savings deposits, may lose
value and are not insured by the Federal Deposit Insurance Corporation
or any other government agency.
This release may contain certain "forward looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995, and
may be identified by the use of such words as "believe," "expect,"
"anticipate," "should," "planned," "estimated," and "potential."Examples of forward looking statements include, but are not limited
to, estimates with respect to the financial condition, results of
operations and business of Silver State Bancorp that are subject to
various factors which could cause actual results to differ materially
from these estimates.These factors include, but are not limited
to, general economic and market conditions, legislative and regulatory
conditions, changes in interest rates that adversely affect Silver State
Bancorp's interest rate spread, changes in deposit flows, loan demand or
real estate values and other economic, governmental, competitive,
regulatory and technological factors that may affect Silver State
Bancorp's operations.
