Silver State of Nevada closed; 11th bank failure this year.

And not a word from the media on this notr the fact that McCain's son bailed out from his position as the Director of the bank.

Sept. 5 (Bloomberg) -- Silver State Bank of Henderson, Nevada was closed by U.S. regulators today, the 11th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Depression.

Silver State, with $2 billion in assets and $1.7 billion in deposits, was shut by the Nevada Financial Institutions Division and the Federal Deposit Insurance Corp., the FDIC said today in a statement. Nevada State Bank in Las Vegas will assume the deposits from Silver State, which was run by Silver State Bancorp.

The failed bank's offices will open Sept. 8 as branches of Nevada State and National Bank of Arizona, the FDIC said.

In July, Silver State announced the resignation of Andrew McCain as a director of the bank. McCain, who had served on the audit committee and was a director for five months, is the son of Republican presidential nominee John McCain.
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