Bank failure · NV
Nevada Security Bank (Reno, NV) — failed June 18, 2010
Nevada Security Bank of Reno, Nevada was closed on June 18, 2010 and resolved through a purchase and assumption. Umpqua Bank (OR) took over its insured deposits. At failure it held $492.5M in assets and $479.8M in deposits. The FDIC's estimated loss on the failure is $70.0M (14.2% of assets).
- Closing date
- June 18, 2010
- FDIC certificate #
- 57110
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Umpqua Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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