Son McCain resigns from nevada bank

evince

evince

Truthmatters
http://www.lvrj.com/breaking_news/25941494.html


McCain's son resigns from boards of Henderson bank
Silver State Bancorp, the Henderson-based holding company for the similarly named bank, reported that Andrew McCain, son of Republican presidential candidate John McCain, resigned today from the boards of directors of the bank and bank holding company.

The company cited “personal reasons” for McCain’s resignation, and a Silver State spokesman declined further comment.
 
http://www.forbes.com/finance/mktgu...dPersonTearsheet.jhtml?passedPersonId=1137372


Andrew K McCain

Director at
Silver State Bancorp
Henderson, Nevada
FINANCIAL / REGIONAL - PACIFIC BANKS
Director since February 2008

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45 years old

Andrew K. McCain has served as a director of Choice Bank since 2006. Mr. McCain has served as a vice president and chief financial officer of Hensley & Company, one of the largest beer distributors in the United States, since 1996. His duties and responsibilities include overseeing and managing the finance, treasury, strategic planning, information technology and marketing functions of the company. Mr. McCain is also the Vice President of the Hensley Employee Foundation. In addition, Mr. McCain serves as a chairman elect, board and executive committee member of the Greater Phoenix Chamber of Commerce, as a board member of the Fiesta Bowl, as board member of Banner Alzheimer's Institute, and as patrons committee member of United Methodist Outreach Ministries' New Day Center.
 
So Is silver state getting ready to go under then ?

Silver State, Sliverado S&L. Ahhh brings back memories.
 
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20080726&ID=8944071&Symbol=SSBX


Mr. McCain previously served as a director of Choice Bank in Scottsdale, Arizona from 2006 to April 1, 2008 when Choice Bank merged into Silver State Bank. Mr. McCain had been appointed to the Boards of the Company and Silver State Bank in February, 2008 and had served on the Audit Committee. Mr. McCain has recently been appointed Chairman of the Greater Phoenix Chamber of Commerce, effective this month.
 
That is what I was strying to find out.

Choice Bank in Arizona may have had to be sold to save the investors.
 
http://www.eastvalleytribune.com/story/112350

Choice Bank, which opened in January 2003 on Hayden Road south of Frank Lloyd Wright Boulevard, was purchased by Henderson, Nev.-based Silver State Bancorp in September 2006. It since has operated as a subsidiary of Silver State but will officially become Silver State Bank next week. All signage will be changed April 1.

Silver State Bank has about $1.6 billion in assets, while Choice Bank has nearly $300 million in assets.

Choice Bank was founded by local bankers formerly with State Savings Bank and Fifth Third Bank.

According to the Federal Deposit Insurance Corp., Choice Bank reported $1.75 million in net income for the quarter that ended Dec. 31, 2007.

Mike Thorell, Choice Bank's president and CEO, will be Arizona president for Silver State Bank. He also will serve as an executive officer with Silver State Bancorp.

Choice Bank would have become Silver State Bank sooner, but state law prevents the merger of a bank charter that is less than 5 years old, Thorell said.

There you have it Adrew McCain has done nothing wrong. Sounds like he helped this institution grow. I wonder why McCain doesnt use his son as an economic advisor instead of picking people like Phil Gramm who destroys the banks he works for?
 
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Tha obvious point is that children of politicians have a silver spoon thrust in their mouth by corps wanting to suck up to their parents.

If it goes beyond that I do not know.
 
Desh said:
http://www.eastvalleytribune.com/story/112350

Choice Bank, which opened in January 2003 on Hayden Road south of Frank Lloyd Wright Boulevard, was purchased by Henderson, Nev.-based Silver State Bancorp in September 2006. It since has operated as a subsidiary of Silver State but will officially become Silver State Bank next week. All signage will be changed April 1.

Silver State Bank has about $1.6 billion in assets, while Choice Bank has nearly $300 million in assets.

Choice Bank was founded by local bankers formerly with State Savings Bank and Fifth Third Bank.

According to the Federal Deposit Insurance Corp., Choice Bank reported $1.75 million in net income for the quarter that ended Dec. 31, 2007.

Mike Thorell, Choice Bank's president and CEO, will be Arizona president for Silver State Bank. He also will serve as an executive officer with Silver State Bancorp.

Choice Bank would have become Silver State Bank sooner, but state law prevents the merger of a bank charter that is less than 5 years old, Thorell said.

There you have it Adrew McCain has done nothing wrong. Sounds like he helped this institution grow. I wonder why McCain doesnt use his son as an economic advisor instead of picking people like Phil Gramm who destroys the banks he works for?
Click to expand...

Because McCain does his best to leave his kids out of it. Which is why you don't see him talking about his two sons in the military... one of whom I believe is currently in Iraq. Nor do you see him harping on the fact that he and his "drug addicted bimbo" (as many on the left like to call her) wife adopted a daughter (who happens to be black).
 
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