Directors

Composition of Our Board There are ten seats on our Board of Directors. There are currently ten members. Each of our directors belongs to one of three classes with staggered three-year terms of office. At each of Silver State Bancorp's annual stockholder meetings, the stockholders elect directors to fill the seats of the directors whose terms are expiring in that year and any vacant seats. Silver State Bancorp, as sole stockholder to Silver State Bank and Choice Bank, elects the directors for each of our bank subsidiaries.

Who Our Directors Are The following table states our directors' names, their ages as of June 1, 2008, their positions and the years when they began serving as directors (including time spent on the board of directors of Silver State Bank prior to the incorporation of Silver State Bancorp):

Bryan S. Norby has served as a founding director of Silver State Bank since its inception in July 1996 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. Norby has served as the Chairman of the Boards of Silver State Bancorp and Silver State Bank since January 2006. Mr. Norby has been a financial analyst with Yanke Machine Shop, Inc., a metal fabrication company, since 1998. Mr. Norby is currently on the Board of Directors of Northwest Bancorporation, Inc., the bank holding company of the Inland Northwest Bank. Mr. Norby is an inactive certified public accountant.

Corey L. Johnson has served as founding director of Silver State Bank since its inception in July 1996 and as founding director of Silver State Bancorp since its inception in January 1999. Mr. Johnson served as President of Silver State Bank/Silver State Bancorp since their respective inception and was promoted to President and Chief Executive Office of both organizations in January 2006. Since December 2006 Mr. Johnson has served as President and Chief Executive Office of Silver State Bancorp and Chief Executive Office of Silver State Bank.

Mark S. Bosco is a partner in Tiffany & Bosco, a Phoenix law firm, which provides a wide range of legal services to the business community. Mr. Bosco is a member of American Bar Association, Arizona Bar Association and Texas Bar Association.

Brian M. Collins has served as a director of Silver State Bank since October 1998 and as a founding director of Silver State Bancorp since its inception in January 1999. In addition, over the past five years, Mr. Collins has been involved in a variety of real estate and contracting related businesses. He has been the owner of Collins and Collins Development, a commercial and residential real estate general contracting firm since 1993. Mr. Collins has served as the Secretary and Treasurer of Collins Development, a commercial real estate investment firm, since 2002. He has been a managing member of BJC Investments, LLC, a real estate investment firm. Mr. Collins was also a vice president of Collins Brothers Corp, which specializes in land development and the owner of Collins Motorsports, LLC, a race team shop, since 2002.

Brian W. Cruden has served as a founding director of Silver State Bank since its inception in July 1996 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. Cruden has served as the President of Insurcorp, Nevada's largest employee benefit insurance and consulting firm, since 1992. In addition, Mr. Cruden is a co-owner of Insurcorp. Prior to 1992, Mr. Cruden held several key positions with various insurance companies and firms. Mr. Cruden previously served on the Board of Directors of Nevada Community Foundation. Currently, Mr. Cruden serves on the Board of Trustees of Southern Hills Hospital HCA/Columbia.

Alan Knudson has served as a director of Silver State Bank since January 1998 and a founding director of Silver State Bancorp since its inception in January 1999. Mr. Knudson has been an investor and trustee of Knudson Family Trust since 1983. In addition, Mr. Knudson was the general partner of Knudson Family Partnership.

Andrew K. McCain serves as Vice President and Chief Financial Officer for Hensley & Company, one of the largest beer distributors in the United States. In addition, Mr. McCain is a Chairman Elect, Board and Executive Committee member of the Greater Phoenix Chamber of Commerce.

Craig A. McCall has served as a director of Silver State Bank since October 1998 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. McCall has been the president and majority owner of CKJ, LLC, a company which specializes in owning and managing of commercial and industrial real estate properties, since 1996. In his capacity as president of CKJ, LLC, Mr. McCall is responsible for acquisitions and management. Mr. McCall is also the president and sole shareholder of ASAP Auto Pawn, Inc. ASAP Auto Pawn, Inc. owns businesses in the collateral lending business, jewelry store and care sales. In his capacity as president of ASAP Auto Pawn, Inc., Mr. McCall is responsible for strategic planning and overseeing operations.

Thomas T. Nicholson has served as a founding director of Silver State Bank since its inception in July 1996 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. Nicholson comes from a third generation ranching family and has lived in the Boise, Idaho are for over 50 years. His family started raising sheep and is now raising cattle and crops in Ada and Canyon counties and operating a large Holstein calf operation in Indiana. In addition to managing the significant family farming and cattle operations, Mr. Nicholson owns and manages several businesses including an agricultural equipment dealership with locations in Idaho, and a Honda/Toyota automobile dealership located in Seattle, Washington. In the past, Mr. Nicholson served as a director of Micron Technology, a Boise based computer chip manufacturer, as director of the Advisory Board of Key Bank (Idaho State) and as a director of the Peregrine Fund, a non-profit organization.

Phillip C. Peckman has served as a director of Silver State Bank since May 1997 and as a founding director of Silver State Bancorp since its inception in January 1999. Mr. Peckman joined Greenspun Corporation in 1990 as Chief Operating Officer. The Greenspun Corporation is a privately owned corporation which maintains significant investment interests in a variety of industries including publishing, cable and broadcast media, commercial real estate, and gaming. He left Greenspun Corporation as Chief Executive Officer in October 2006. He is currently the Chief Executive Office of Peckman Outdoor Media, a Las Vegas based billboard company. In addition, Mr. Peckman is a former attorney and certified public accountant and was the managing partner of Las Vegas, Nevada offices of McGladrey & Pullen, LLP, an independent certified accounting firm, leaving in 1990.

Executive Officers

Silver State Bancorp's and Bank's executive officers are appointed annually by the respective Boards of Directors and serve at the Board's discretion. However, some of our officers do have employment agreements, as further described in "Employment Agreements." In addition to Corey L. Johnson, Silver State Bancorp and Silver State Bank have the following executive officers:

Michael J. Threet, age 38, has served as the Chief Financial Officer of Silver State Bancorp since its inception in January 1999 and the Chief Operating Officer since August 2006. In addition, Mr. Threet has been the Chief Operating Officer of Silver State Bank since August 2006. From June 1997 until he was named Chief Operating Officer, Mr. Threet was the Chief Financial Officer and Executive Vice President of Silver State Bank. Prior to joining Silver State Bank, Mr. Threet served as the corporate controller for American Bank of Commerce, where he was responsible for Securities and Exchange Commission reporting and accounting operations.

Calvin D. Regan, age 43, has served as the President of Silver State Bank since December 2006. Since joining Silver State Bank in 1996, Mr. Regan has also served as executive vice president and senior vice president. Mr. Regan has served on the Board of National Association of Government Guaranteed Lenders since 2000.

Thomas J. Russell, age 58, has served as the Executive Vice President – Credit Administrator of Silver State Bank since May 2000. Prior to joining Silver State Bancorp, Mr. Russell served as a Vice President and Area Manager for First Security Bank of Nevada from 1997 to 2000. Mr. Russell has over 27 years of commercial banking experience, serving in a variety of positions in both branch and corporate banking assignments.

Mike Thorell, age 42, is Chief Lending Officer and Credit Administration Officer of Silver State Bank, the banking subsidiary of Silver State Bancorp. Mr. Thorell had recently been appointed as President of the Company's Arizona region, a position he will retain. Prior to that Mr. Thorell had been the President and Chief Executive Officer of Choice Bank, the Company's Arizona chartered banking subsidiary.

Kirk Viau, age 42, has served as the Senior Vice President and Chief Risk Officer of Silver State Bancorp since May 2006. From 1990 until he joined Silver State Bancorp, Mr. Viau worked at the Federal Deposit Insurance in a variety of roles, including as a senior bank examiner.

Board Composition

In accordance with the terms of our Articles of Incorporation, the terms of office of our directors are divided into three classes:

• Class I, whose term will expire at the annual meeting of shareholders to be held in 2010.
• Class II, whose term will expire at the annual meeting of shareholders to be held in 2011.
• Class III, whose term will expire at the annual meeting of shareholders to be held in 2009.

The Class I directors are Messrs. Norby, Nicholson, and Johnson, the Class II directors are Messrs. McCain, McCall, Peckman and Collins, and the Class III directors are Messrs. Bosco, Knudson and Cruden. At each of Silver State Bancorp's annual stockholder meetings, the stockholders elect directors to fill the seats of the directors whose terms are expiring in that year and any vacant seats. Silver State Bancorp, as sole stockholder to Silver State Bank, elects the directors for its bank subsidiary.

Meeting of the Board Directors and Its Committees

During 2007, Silver State Bancorp's Board of Directors held 17 meetings. No current director attended fewer than 75% of the total number of Board of Directors meetings and the total number of committee meetings of which such director was a member held during 2007.

Committees of the Board of Directors

Silver State Bancorp's Board of Directors has established four standing committees:

• the Compensation Committee;
• the Nominating and Governance Committee;
• the Audit Committee; and
• the Executive Committee.

Silver State Bancorp may appoint additional committees of its Board of Directors in the future, including for purposes of complying with all applicable corporate governance rules of the NASDAQ Global Market.