Bank Failure
Community Bank of Nevada
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Closed August 14, 2009 · Las Vegas, NV · FDIC Cert #34043.
- Closing date
- August 14, 2009
- Headquarters
- Las Vegas, NV
- FDIC Certificate
- 34043
- Total assets at closing
- $1.40B
- Total deposits at closing
- $1.37B
- Estimated loss to the insurance fund
- $558.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On August 14, 2009, regulators closed Community Bank of Nevada, headquartered in Las Vegas, NV. At closing, the institution held approximately $1.40B in assets and $1.37B in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $558.0M.
By assets at closing this is the 162nd largest of the 3,526 bank failures in the FDIC record, and the 23rd of 140 in 2009. 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 Community Bank of Nevada fail?
Community Bank of Nevada was closed by regulators on August 14, 2009.
How big was Community Bank of Nevada when it failed?
Community Bank of Nevada had approximately $1.40B in total assets and $1.37B in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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