Brief: Henderson bank expands to Idaho, Utah

Its Idaho subsidiary is called Silver State Financial. Specializing in Small Business Administration loans to local businesses, the office is expected to negotiate up to $5 million in loans annually.

The bank also plans to expand to Reno and Salt Lake City.

Separately, Silver State announced the completion of a $5 million stock rights offering.

The rights were offered at $17 per share and were fully subscribed by existing shareholders, directors and employees.

The bank plans to use the funds to expand its branch network and to meet loan demand.

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