Nano Banc was a commercial bank located in Southern California, with branches in Murrieta and Irvine. The FDIC’s official failed-bank record states that Nano Banc was closed and that substantially all deposit accounts were transferred to Sunwest Bank; Sunwest’s official acquisition notice says the former Nano Banc reopened as Sunwest Bank.
Inactive/closed and acquired through an FDIC-assisted transaction by Sunwest Bank; the former website now presents Sunwest Bank content.
California closed Irvine-based Nano Banc on September 25 and appointed the FDIC as receiver. Sandy, Utah-based Sunwest Bank agreed to assume substantially all deposits and purchase selected assets. Sunwest says customer access continues and the branch is scheduled to reopen under its name September 28.
Bank & fintech · Bank resolutionThe September resolution has distinct consequences for depositors, borrowers, the buyer and the receivership. Reliable service and a successful integration require more evidence than the initial acquisition announcement.
Curated library records that name Nano Banc or connect through its linked research. The official source provides full scope and status.
Recordkeeping and information-system capabilities that enable timely insurance determinations at covered institutions. Relevant to depositor records, account ownership and resolution readiness; the rule does not apply to every insured bank.
Official record ↗Rules addressing FDIC resolutions and receiverships, including claims and selected contractual and securitization issues. Useful for separating the failed bank, the receivership and an acquiring institution.
Official record ↗