Silver State Bank, headquartered out of Henderson, Nevada, was the eleventh bank to go into receivership with the FDIC today. The closure occurred at the end of the business day.

A copy of the announcement can be found by clicking here. All insured non-brokered Nevada accounts were transferred to Nevada State Bank in Las Vegas. All insured non-brokered Arizona accounts were transferred to the National Bank of Arizona.

This is the second Nevada bank to go into receivership this year.