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FDIC Appoints Sunwest Bank as Nano Banc's Acquiring Institution
The FDIC said the transfer will give depositors immediate access and keep payments running as Sunwest Bank assumes selected assets.
- On Friday, September 25, the Federal Deposit Insurance Corporation closed Nano Banc, appointing Sunwest Bank to acquire substantially all of the institution's deposits and a portion of its assets.
- The acquisition involves approximately $605 million in assumed deposits and $227 million in assumed loans, marking the sixth FDIC-assisted acquisition completed by the Irvine, California-based Sunwest Bank.
- Nano Banc customers retain immediate access to their funds through Sunwest Bank, with existing checks remaining operational following the Department of Financial Protection and Innovation's closure.
- Former Nano Banc branches will reopen under the Sunwest Bank brand, and clients with questions regarding the transition are encouraged to contact the FDIC via toll-free support.
- Sunwest Bank continues to expand its footprint across California, Arizona, Idaho, Colorado, Utah, and Florida, maintaining focus on commercial banking services to entrepreneurs and small business clients.
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The Billings Gazette+15 Reposted by 15 other sources
FDIC Appoints Sunwest Bank as Nano Banc's Acquiring Institution
IRVINE, Calif., Sept. 25, 2026 /PRNewswire/ -- Sunwest Bank has acquired Nano Banc of Irvine, California in an FDIC-assisted acquisition. The Federal Deposit Insurance Corporation (FDIC) accepted receivership of Nano Banc from the Department of Financial Protection and Innovation (DFPI),…
·Billings, United States
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Total News Sources16
Leaning Left1Leaning Right0Center14Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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