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FDIC · announcement · notice

FDIC: Nano Banc closed; Sunwest Bank assumes deposits and assets

The California Department of Financial Protection and Innovation closed Nano Banc of Irvine, California on September 25, 2026, appointing the FDIC as receiver. Sunwest Bank of Sandy, Utah assumed substantially all deposits and acquired approximately $476 million in assets. The b…

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Agency
FDIC
Jurisdiction
US-FED
Action type
announcement
Severity
notice — worth a prompt look
Published
Recorded
Tags
bank-failurefdicdeposit-insurancepurchase-assumption
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