Choice Bank Acquired By Silver State Bancorp

On Wednesday Silver State Bancorp acquired Choice Bank. The cash deal acquisition valued out at more than $31 million according to officials of the two financial firms. In the acquisition Choice Bank Shareholders received $27.50 per share stock from Henderson based Silver State Bancorp.

The Henderson-Las Vegas area is home to nine branches of Silver State Bancorp. In Silver State's report of assets for last year they revealed $806 million and stockholder equity of over $63 million. Silver State surely would love to land a few real estate accounts and definitely would not shy away from Las Vegas condo accounts.