Data / Bank failures / 2010 / Southwestusa Bank
Southwestusa Bank, Las Vegas, NV: failed July 23, 2010
Southwestusa Bank in Las Vegas, Nevada, failed on July 23, 2010. Plaza Bank of Irvine, CA, took over its deposits. It held $203.7 million in assets and $184 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $86.3 million (42.4% of its assets). By assets it was the 93rd largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- July 23, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Plaza Bank, Irvine, CA
- Total assets
- $203,690,000
- Total deposits
- $183,985,000
- Estimated cost to the FDIC
- $86,296,850 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35434
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 |
| Nevada Security Bank | Reno | June 18, 2010 | $492.5 million | $479.8 million | $70 million | Umpqua 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 Plaza Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| 1ST Commerce Bank | North Las Vegas | NV | June 6, 2013 | $20.2 million | $19.6 million | $5.2 million | Plaza Bank |
All bank failures in 2010 · All bank failures in Nevada · Every failed bank Plaza 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.