Bank failure · NV
Nevada Commerce Bank (Las Vegas, NV) — failed April 8, 2011
Nevada Commerce Bank of Las Vegas, Nevada was closed on April 8, 2011 and resolved through a purchase and assumption. City National Bank (CA) took over its insured deposits. At failure it held $135.1M in assets and $128.6M in deposits. The FDIC's estimated loss on the failure is $38.5M (28.5% of assets).
- Closing date
- April 8, 2011
- FDIC certificate #
- 35418
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- City National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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