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1St Commerce Bank North Las Vegas, Nevada Closed By The FDIC

Thursday, June 6, 2013 - 6:15 PM1st Commerce Bank - Details
From the FDIC,
On Thursday, June 6, 2013, 1st Commerce Bank, North Las Vegas, NV was closed by Federal Deposit Insurance Corporation (FDIC). The FDIC Board of Directors issued an order authorizing the FDIC to close, and become receiver of, 1st Commerce Bank, by exercising its self-appointment powers granted by Congress through the FDIC Improvement Act of 1991 (FDICIA). No advance notice is given to the public when a financial institution is closed.

All deposit accounts, including brokered deposits, have been transferred to Plaza Bank, Irvine, CA ("assuming institution") and will be available immediately. The former 1st Commerce Bank location will reopen as a branch of Plaza Bank during regular business hours.

The FDIC and Plaza Bank entered into a loss-share transaction on $12.2 million of 1st Commerce Bank's assets.

Here is information which might be useful for depositors of this institution (which only had a 1-star health rating on DA out of a possible 5).
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