Bank failure · NV
Southwestusa Bank (Las Vegas, NV) — failed July 23, 2010
Southwestusa Bank of Las Vegas, Nevada was closed on July 23, 2010 and resolved through a purchase and assumption. Plaza Bank (CA) took over its insured deposits. At failure it held $203.7M in assets and $184.0M in deposits. The FDIC's estimated loss on the failure is $86.3M (42.4% of assets).
- Closing date
- July 23, 2010
- FDIC certificate #
- 35434
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Plaza Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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