The Graveyard › Banks › 2008
First National Bank of Nevada
Reno, NV · failed July 25, 2008 · FDIC certificate 27011
First National Bank of Nevada of Reno, NV failed on July 25, 2008. It opened on July 23, 1987, 21 years before. At its last report before that it held $3.4 billion in assets and $3.0 billion in deposits. The FDIC estimates that the Deposit Insurance Fund lost $709.6 million on it.
1987-092008-06
Assets at the end$3.4 billionlast report before July 25, 2008
Deposits at the end$3.0 billion
Estimated loss to the fund$709.6 millionDIF
Largest in the quarterly reports$3.4 billionJune 30, 2008
Equity to assets6.4%June 30, 2008
Loans not being repaid15.2%noncurrent, June 30, 2008
Return on assets-10.79%a year's rate, June 30, 2008
Staff914full time, June 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.