NEVADA COMMERCE BANK Failed 2011
What happened
NEVADA COMMERCE BANK of LAS VEGAS, NV was closed on 2011-04-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITY NATIONAL BANK (BEVERLY HILLS, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3918
- FDIC Certificate
- 35418
- FDIC FIN
- 10351
- Bank name
- NEVADA COMMERCE BANK
- Location
- LAS VEGAS, NV
- Failure date
- 2011-04-08
- FDIC resolution date
- 2011-04-08
- 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.)
- $38M
- Deposits at failure
- $129M
- Assets at failure
- $135M
- Acquiring bank
- CITY NATIONAL BANK (BEVERLY HILLS, CA)
Other banks CITY NATIONAL BANK acquired in FDIC resolutions