tag:blogger.com,1999:blog-20377909.post8348844466854875023..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: SilverState Bank - FDIC Seizure in the works?Randyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-20377909.post-24698208093558999672008-08-08T07:39:00.000-07:002008-08-08T07:39:00.000-07:00Andrew McCain has been raised with a Silver spoon ...Andrew McCain has been raised with a Silver spoon feeding him wealth without ever having to make his way in a world where he is not favored! He was director of Choice Bank that merged last April with Silver State Bank. I bet the depositors are yelling OOPS on that move. Also, he is v.p. and CFO of Henley and Company, the nation's largest beer distributor. Now, who is Henley? That would be his stepmommy. Andrew is nothing more than another Neil Bush! It is so clear that Johnny Boy is nothing more than another Georgie Boy. Have we had enough of these political royalists running the country? <BR/>http://eye-on-washington.blogspot.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-69749603511715701412008-08-08T07:09:00.000-07:002008-08-08T07:09:00.000-07:00Thanks Patrick -- good to know.Anon 5:40:I'm sure ...Thanks Patrick -- good to know.<BR/><BR/><BR/>Anon 5:40:<BR/><BR/>I'm sure they are doing just fine. That why they recently had to report a $67M loss and replaced several key officials: <A HREF="http://www.lvrj.com/business/26204139.html" REL="nofollow">Silverstate reports $62.7 million loss, replaces key officials</A><BR/><BR/>Silver State's nonperforming assets, which include bad loans, were 83 percent larger than the total of reserves it set aside for problem loans plus its tangible equity or ownership interest in the company.<BR/><BR/>The company has been trying to raise $40 million in additional capital since June 5. It has been difficult to raise capital, because "all of the capital raised in the first quarter (for commercial and investment banks) is under water," Threet said. -- to increase deposits, the bank recently offered 4.25 percent on some certificates of deposit.<BR/><BR/><A HREF="http://www.faulkingtruth.com/Articles/BlogFest/1097.html" REL="nofollow">Silver State Bank: What’s Deposited in Vegas Doesn’t Stay in Vegas</A><BR/><BR/>Closing: I'm not suggesting they ABSOLUTELY WILL be taken over by the FDIC this weekend, but if it did happen, I wouldn't be surprised one bit - it's merely just a matter of time.Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-8124947897065270462008-08-08T05:40:00.000-07:002008-08-08T05:40:00.000-07:00Silver State Bank remains open for business and is...Silver State Bank remains open for business and is conducting business as usual. The bank is adequately capitalized according the the regulators and recently announced nearly $10 million in SBA loans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-6610026631228766742008-08-07T23:37:00.000-07:002008-08-07T23:37:00.000-07:00Deutsche Bank to Foreclose on $3.5 Billion Casino(...<B>Deutsche Bank to Foreclose on $3.5 Billion Casino</B><BR/><BR/>(Bloomberg) -- Deutsche Bank AG will foreclose on the $3.5 billion Cosmopolitan Resort & Casino in Las Vegas after developer Ian Bruce Eichner defaulted on a $760 million loan, two people briefed on the situation said.<BR/><BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601087&sid=alpUP8xoYnJEAnonymousnoreply@blogger.com