Nevada State Bank acquired Silver State Bank, the 11th failed U.S. bank of 2008. The acquisition process began with Nevada State bidding on Silver State through the FDIC’s troubled bank list. Nevada State is a subsidiary of Salt Lake City-based Zions Bancorporation, a major bank holding company. Silver State’s holding included $650 million in assets, with 13 branches, Nevada State kept five of the offices. The bank’s surviving branches reopened as part of Nevada State.”]
Source: https://www.cuinfosecurity.com/anatomy-bank-acquisition-what-happens-when-new-bank-moves-in-a-1018