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Silver State Bancorp cuts range, shares offered

July 13, 2007

Silver State Bancorp, a bank holding company based in Henderson, Nevada, cut the price range and share count of its upcoming IPO Friday. The company now plans to offer 1.5 million shares, 53% below the originally planned 3.2 million, at $19-$21, 13% below the midpoint of the original $22-$24 range. Sandler O'Neill and Howe Barnes Hoefer & Arnett are underwriting the deal.