Bank Collapse Watch: Two More Down

FDIC takes over 2 more banks, closing 28 branches

CARSON CITY, Nev. (AP) – The 28 branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators.

The banks, owned by Scottsdale, Ariz.-based First National Bank Holding Co., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.

The FDIC said the takeover of the failed banks was the least costly resolution and all depositors – including those with funds in excess of FDIC insurance limits – will switch to Mutual of Omaha with “the full amount of their deposits.”

Emphasis added by me.

1st National Bank of Nevada is listed on that long list I previously referenced:


Click = big

As number 142.

Does that mean we can now look forward to one hundred and forty-one more failures?

Where’s your money today?

Educate yourself!

Previously here:

Chronicles Of Depression 2.0: #168
Bank Collapse Watch: Contestant List #3
Chronicles Of Depression 2.0: #160
Bank Collapse Watch: Contestant List #2
Bank Collapse Watch
Ominous Rumors
Chronicles Of Depression 2.0: #155
Chronicles Of Depression 2.0: #154
Chronicles Of Depression 2.0: #152
Chronicles Of Depression 2.0: #150
Chronicles Of Depression 2.0: #149

Explore posts in the same categories: Bank Collapse Watch, C.O.A.T. - Money, Depression 2.0

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