By Ryan J. Donmoyer
Aug. 15 (Bloomberg) -- Andrew McCain, the son of presumptive Republican presidential nominee John McCain, served on the board audit committee of a Nevada bank facing losses and scrutiny by federal and state regulators, the Wall Street Journal reported.
Andrew McCain, 46, resigned from the board of Silver State Bancorp on July 25 after serving just five months, the newspaper said. A week later, the bank reported a loss of $62.7 million in the second quarter, the Journal said. The bank Aug. 14 said it actually lost $73.2 million in the quarter; regulators are investigating, the Journal said.
There is no evidence that Andrew McCain committed any wrong- doing, the Journal said. His full-time job is chief financial officer for Hensley & Co., the Arizona beer distributor owned by Cindy McCain, wife of the senator. John and Andrew McCain declined to comment, the Journal said.
To contact the reporter on this story: Ryan J. Donmoyer in Washington at rdonmoyer@bloomberg.net
Last Updated: August 15, 2008 07:42 EDT
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