Silver State Bank Closes More Than $5.1 Million in SBA Loans

LAS VEGAS--(BUSINESS WIRE)--Silver State Bank, a wholly-owned subsidiary of Silver State Bancorp (Nasdaq:SSBX), today announced it closed more than $5.1 million Small Business Administration (SBA) Loans in the first half of June.

The loans were made to a range of businesses in Nevada, Utah and Arizona: Villa Evalina, LLC, an assisted living enterprise, Mack’s Auto Supply, Lake Mountain Chiropractic and Jumbo Burgers.

Calvin Regan, President of Silver State Bank, said “We are pleased to have the opportunity to work with these growing businesses and help them achieve their business and strategic objectives.”

About Silver State Bancorp

Silver State Bancorp, through its wholly owned subsidiary Silver State Bank, currently operates thirteen full service branches in southern Nevada and four full service branches in the Phoenix/Scottsdale market area. Silver State Bank also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado and Florida. Please visit www.silverstatebancorp.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements. Terms such as "will," "should," "plan," "intend," "expect," "continue," "believe," "anticipate," "seek," and similar expressions are forward-looking in nature and reflect management's view only as the date hereof. Actual results and events could differ materially from those expressed or anticipated and are subject to a number of risks and uncertainties including but not limited to fluctuations in interest rates, asset quality, government regulations, economic conditions and competition in the geographic and business areas in which Silver State Bancorp conducts its operations. We undertake no obligation to review or update any forward-looking statements, whether as a result of new information, future events, or otherwise.