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News Now

Market
Las Vegas Bank Closing Is 15th This Year
WASHINGTON (6/10/13)--The Federal Deposit Insurance Corp. announced one bank closing Thursday, which brings this year's total of failed U.S. banks to 15.   

That compares with nine credit union closings so far this year by the National Credit Union Administration.

1st Commerce Bank, North Las Vegas, Nev., was closed and will be assumed by Plaza Bank, Irvine, Calif., the FDIC said.

1st Commerce Bank, as of March 31, had roughly $20.2 million in total assets and $19.6 million in total deposits.  The FDIC estimates the cost of the closure to its deposit insurance fund to be $9.4 million.


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