Nevada bank closes, total hits 21 for 2010 (WA bank-#22)

[OhioChick]

Source: Reuters

Fri Feb 26, 2010 8:46pm EST

WASHINGTON (Reuters) - Regulators seized a small bank in Nevada on Friday, bringing the year total to 21 as small institutions continue to struggle with bad loans.

The Federal Deposit Insurance Corp said Carson River Community Bank in Carson City, Nevada was closed, and its deposits were assumed by Heritage Bank of Nevada, from Reno, Nevada.

The agency said earlier this week that the number of "problem" U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign that the industry's recovery remains uneven.

The vast majority of those banks do not fail, but the size of the list indicates the number of institutions with significant weaknesses.

Carson River Community had about $51.1 million in total assets and $50 million in total deposits as of December 31, 2009, the FDIC said.





Read more: http://www.reuters.com/article/idUSTRE61Q0AF20100227

---

http://www.fdic.gov/bank/individual/failed/banklist.html

Also.....Rainier Pacific Bank

[maddezmom]

1. kick