Data / Bank failures / 2010 / Nevada Security Bank
Nevada Security Bank, Reno, NV: failed June 18, 2010
Nevada Security Bank in Reno, Nevada, failed on June 18, 2010. Umpqua Bank of Roseburg, OR, took over its deposits. It held $492.5 million in assets and $479.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $70 million (14.2% of its assets). By assets it was the 46th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- June 18, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Umpqua Bank, Roseburg, OR
- Total assets
- $492,491,000
- Total deposits
- $479,759,000
- Estimated cost to the FDIC
- $70,038,599 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57110
Other bank failures in Nevada, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Nevada Commerce Bank | Las Vegas | April 8, 2011 | $135.1 million | $128.6 million | $38.5 million | City National Bank |
| Southwestusa Bank | Las Vegas | July 23, 2010 | $203.7 million | $184 million | $86.3 million | Plaza Bank |
| Sun West Bank | Las Vegas | May 28, 2010 | $360.7 million | $353.9 million | $116 million | City National Bank |
| Carson River Community Bank | Carson City | February 26, 2010 | $51.1 million | $50 million | $14.5 million | Heritage Bank of Nevada |
| Community Bank of Nevada | Las Vegas | August 14, 2009 | $1.40 billion | $1.37 billion | $558 million | |
| Great Basin Bank of Nevada | Elko | April 17, 2009 | $238.9 million | $220.8 million | $20 million | Nevada State Bank |
| Security Savings Bank | Henderson | February 27, 2009 | $238.3 million | $174.9 million | $32.3 million | Bank of Nevada |
| Citibank, National Association (assistance) | Las Vegas | November 23, 2008 | $1.21 trillion | $230.04 billion |
Other failed banks Umpqua Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Rainier Pacific Bank | Tacoma | WA | February 26, 2010 | $717.8 million | $446.2 million | $2.8 million | Umpqua Bank |
| Evergreen Bank | Seattle | WA | January 22, 2010 | $396 million | $340.4 million | $43.4 million | Umpqua Bank |
| Bank of Clark County | Vancouver | WA | January 16, 2009 | $441.1 million | $377.5 million | $150.7 million | Umpqua Bank |
All bank failures in 2010 · All bank failures in Nevada · Every failed bank Umpqua Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.