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Failures by State

Bank Failures in Nevada

15 FDIC-insured banks headquartered in Nevada have failed since 1983. The most recent was 1st Commerce Bank on June 6, 2013. The worst year was 2010, with 4 failures. Failed banks held $315.81B in assets at closing.

15
Failures
1983 to 2013
$315.81B
Failed assets
At closing
$2.37B
Estimated DIF loss
FDIC estimate
→
All Nevada events
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Largest bank failures in Nevada

Date Bank City Assets Acquirer or resolution
Sep 25, 2008 Washington Mutual Bank Henderson $307.02B JPMorgan Chase Bank, N.A.
Jul 25, 2008 First National Bank of Nevada Reno $3.41B Mutual of Omaha Bank
Sep 5, 2008 Silver State Bank Henderson $1.96B Nevada State Bank
Aug 14, 2009 Community Bank of Nevada Las Vegas $1.40B —
Jun 18, 2010 Nevada Security Bank Reno $492.5M Umpqua Bank
May 28, 2010 Sun West Bank Las Vegas $360.7M City National Bank
Dec 14, 1990 Frontier Savings Association Las Vegas $252.4M Bank of America, NV
Apr 17, 2009 Great Basin Bank of Nevada Elko $238.9M Nevada State Bank
Feb 27, 2009 Security Savings Bank Henderson $238.3M Bank of Nevada
Jul 23, 2010 Southwestusa Bank Las Vegas $203.7M Plaza Bank

Nevada bank failures by year

Year Failures Failed assets
2013 1 $20.2M
2011 1 $135.1M
2010 4 $1.11B
2009 3 $1.88B
2008 3 $312.39B
1990 1 $252.4M
1987 1 $12.1M
1983 1 $18.0M

Every bank failure in Nevada

Date Bank City Assets Acquirer or resolution
Jun 6, 2013 1st Commerce Bank North Las Vegas $20.2M Plaza Bank
Apr 8, 2011 Nevada Commerce Bank Las Vegas $135.1M City National Bank
Jul 23, 2010 Southwestusa Bank Las Vegas $203.7M Plaza Bank
Jun 18, 2010 Nevada Security Bank Reno $492.5M Umpqua Bank
May 28, 2010 Sun West Bank Las Vegas $360.7M City National Bank
Feb 26, 2010 Carson River Community Bank Carson City $51.1M Heritage Bank of Nevada
Aug 14, 2009 Community Bank of Nevada Las Vegas $1.40B —
Apr 17, 2009 Great Basin Bank of Nevada Elko $238.9M Nevada State Bank
Feb 27, 2009 Security Savings Bank Henderson $238.3M Bank of Nevada
Sep 25, 2008 Washington Mutual Bank Henderson $307.02B JPMorgan Chase Bank, N.A.
Sep 5, 2008 Silver State Bank Henderson $1.96B Nevada State Bank
Jul 25, 2008 First National Bank of Nevada Reno $3.41B Mutual of Omaha Bank
Dec 14, 1990 Frontier Savings Association Las Vegas $252.4M Bank of America, NV
Oct 23, 1987 Sierra S&LA Gardnerville $12.1M —
Jun 30, 1983 Mineral BK of Nevada Las Vegas $18.0M —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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