Bank Failure
Great Basin Bank of Nevada
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Closed April 17, 2009 · Elko, NV · FDIC Cert #33824.
- Closing date
- April 17, 2009
- Headquarters
- Elko, NV
- FDIC Certificate
- 33824
- Total assets at closing
- $238.9M
- Total deposits at closing
- $220.8M
- Estimated loss to the insurance fund
- $20.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Nevada State Bank
Context
On April 17, 2009, regulators closed Great Basin Bank of Nevada, headquartered in Elko, NV. At closing, the institution held approximately $238.9M in assets and $220.8M in deposits. The FDIC record names Nevada State Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $20.0M.
By assets at closing this is the 670th largest of the 3,526 bank failures in the FDIC record, and the 73rd 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 Great Basin Bank of Nevada fail?
Great Basin Bank of Nevada was closed by regulators on April 17, 2009.
Who acquired Great Basin Bank of Nevada?
The FDIC record names Nevada State Bank as the acquiring institution in the resolution of Great Basin Bank of Nevada.
How big was Great Basin Bank of Nevada when it failed?
Great Basin Bank of Nevada had approximately $238.9M in total assets and $220.8M 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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