A Stern Glance

Henderson, NV - August 26, 2008 - Silver State Bancorp (NASDAQ: SSBX), the holding company for Silver State Bank,  announced today that the Company’s Board of Directors, upon the recommendation of the Nominating and Governance Committee, appointed Mr. Phillip C. Peckman to the Company’s Audit Committee on August 22, 2008.

Mr. Peckman currently serves as the Company’s Acting Chairman of the Board of Directors and satisfies the qualifications, including the independence requirements, necessary to serve as a member of the Company’s Audit Committee. Mr. Peckman had previously served on the Audit Committee prior to the Company’s public offering in 2007.

As previously announced, as a result of the recent resignation of Andrew K. McCain, the Company was not in compliance with the audit committee composition requirements as set forth in Nasdaq Stock Market (”Nasdaq”) Marketplace Rule 4350, which requires a listed company to have an audit committee of at least three independent members.  The Company is now in full compliance with Nasdaq audit committee composition requirements.