SUN WEST BANK Failed 2010
What happened
SUN WEST BANK of LAS VEGAS, NV was closed on 2010-05-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITY NATIONAL BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3807
- FDIC Certificate
- 34785
- FDIC FIN
- 10245
- Bank name
- SUN WEST BANK
- Location
- LAS VEGAS, NV
- Failure date
- 2010-05-28
- FDIC resolution date
- 2010-05-28
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $116M
- Deposits at failure
- $354M
- Assets at failure
- $361M
- Acquiring bank
- CITY NATIONAL BANK (LOS ANGELES, CA)
Other banks CITY NATIONAL BANK acquired in FDIC resolutions