Silver State Bancorp

News Release

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Silver State Bancorp Added to the Russell Microcap Stock Index

LAS VEGAS--(BUSINESS WIRE)--July 7, 2008--Silver State Bancorp (Nasdaq: SSBX) today announced that it has been added to the Russell Microcap Stock Index, which measures the performance of the microcap segment of the U.S. equity market and, according to Russell Investments, "is constructed to provide a comprehensive and unbiased barometer for the microcap segment trading on national exchanges, while excluding lesser-regulated OTC bulletin board securities and pink-sheet stocks due to their failure to meet national exchange listing requirements."

Corey L. Johnson, President and Chief Executive Officer, said, "Silver State Bancorp is pleased and proud to be incorporated in the Russell Microcap Index, which will provide investors with an additional decision-making tool."

About Silver State Bancorp

Silver State Bancorp, through its wholly owned subsidiary Silver State Bank, currently operates thirteen full service branches in southern Nevada and four full service branches in the Phoenix/Scottsdale market area. Silver State Bank also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado and Florida. Please visit www.silverstatebancorp.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements. Terms such as "will," "should," "plan," "intend," "expect," "continue," "believe," "anticipate," "seek," and similar expressions are forward-looking in nature and reflect management's view only as the date hereof. Actual results and events could differ materially from those expressed or anticipated and are subject to a number of risks and uncertainties including but not limited to fluctuations in interest rates, asset quality, government regulations, economic conditions and competition in the geographic and business areas in which Silver State Bancorp conducts its operations. We undertake no obligation to review or update any forward-looking statements, whether as a result of new information, future events, or otherwise.

CONTACT: Stern And Company
Steve Stern, 702-240-9533
steve@sdsternpr.com

SOURCE: Silver State Bancorp