NEVADA SECURITY BANK Failed 2010
What happened
NEVADA SECURITY BANK of RENO, NV was closed on 2010-06-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UMPQUA BANK (ROSEBURG, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3816
- FDIC Certificate
- 57110
- FDIC FIN
- 10250
- Bank name
- NEVADA SECURITY BANK
- Location
- RENO, NV
- Failure date
- 2010-06-18
- FDIC resolution date
- 2010-06-18
- 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.)
- $70M
- Deposits at failure
- $480M
- Assets at failure
- $492M
- Acquiring bank
- UMPQUA BANK (ROSEBURG, OR)
Other banks UMPQUA BANK acquired in FDIC resolutions