Bank Failure
Carson River Community Bank
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Closed February 26, 2010 · Carson City, NV · FDIC Cert #58352.
- Closing date
- February 26, 2010
- Headquarters
- Carson City, NV
- FDIC Certificate
- 58352
- Total assets at closing
- $51.1M
- Total deposits at closing
- $50.0M
- Estimated loss to the insurance fund
- $14.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Heritage Bank of Nevada
Context
On February 26, 2010, regulators closed Carson River Community Bank, headquartered in Carson City, NV. At closing, the institution held approximately $51.1M in assets and $50.0M in deposits. The FDIC record names Heritage Bank of Nevada as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $14.5M.
By assets at closing this is the 1638th largest of the 3,526 bank failures in the FDIC record, and the 143rd of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Carson River Community Bank fail?
Carson River Community Bank was closed by regulators on February 26, 2010.
Who acquired Carson River Community Bank?
The FDIC record names Heritage Bank of Nevada as the acquiring institution in the resolution of Carson River Community Bank.
How big was Carson River Community Bank when it failed?
Carson River Community Bank had approximately $51.1M in total assets and $50.0M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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