Bank failure · NV

First National Bank of Nevada (Reno, NV) — failed July 25, 2008

First National Bank of Nevada of Reno, Nevada was closed on July 25, 2008 and resolved through a purchase and assumption. Mutual of Omaha Bank (NE) took over its insured deposits. At failure it held $3.4B in assets and $3.0B in deposits. The FDIC's estimated loss on the failure is $709.6M (20.8% of assets).