Bank Failure
FIRST NATIONAL BANK OF NEVADA
Closed July 25, 2008 · RENO, NV · FDIC Cert #27011.
- Closing date
- July 25, 2008
- Headquarters
- RENO, NV
- FDIC Certificate
- 27011
- Total assets at closing
- $3,411,145,000
- Total deposits at closing
- $3,038,053,000
- Estimated loss to DIF
- $710,037,000
- Resolution type
- other
- Acquirer
- MUTUAL OF OMAHA BANK (FDIC Cert #10008)
Context
On July 25, 2008, regulators closed FIRST NATIONAL BANK OF NEVADA, headquartered in RENO, NV. At closing, the institution held approximately $3,411,145,000 in assets and $3,038,053,000 in deposits. The FDIC arranged a resolution under which MUTUAL OF OMAHA BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $710,037,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2008
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2008-12-12 | HAVEN TRUST BANK | DULUTH, GA | $559,551,000 |
| 2008-12-12 | SANDERSON STATE BANK | SANDERSON, TX | $38,217,000 |
| 2008-12-05 | FIRST GEORGIA COMMUNITY BANK | JACKSON, GA | $256,371,000 |
| 2008-11-23 | CITIBANK, NATIONAL ASSOCIATION | LAS VEGAS, NV | $1,207,007,000,000 |
| 2008-11-23 | CITIBANK (SOUTH DAKOTA), N.A. | SIOUX FALLS, SD | $77,737,957,000 |
| 2008-11-23 | CITICORP TRUST BANK, FSB | WILMINGTON, DE | $19,599,414,000 |
| 2008-11-23 | CITIBANK (BANAMEX USA) | CENTURY CITY, CA | $1,322,720,000 |
| 2008-11-23 | DEPARTMENT STORES NATIONAL BANK | SIOUX FALLS, SD | $374,903,000 |
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