2010-06-18bankimplode.com

Nevada Security Bank, Reno, Nevada, was closed by the FDIC and it’s deposits assumed by Umpqua Bank, Roseburg, Oregon. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $80.9 million. Nevada Security Bank is the 83rd FDIC-insured institution to fail in the nation in 2010. Read our full coverage here.



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