From the FDIC:
Plaza Bank, Irvine, California, Assumes All of the Deposits of 1st Commerce Bank, North Las Vegas, Nevada As of March 31, 2013, 1st Commerce Bank had approximately $20.2 million in total assets and $19.6 million in total deposits. ... The FDIC estimates that cost to the Deposit Insurance Fund will be $9.4 million. ... 1st Commerce Bank is the 15th FDIC-insured institution to fail in the nation this year, and the first in Nevada.
Surferdude has been discussing this bank in his weekly unofficial problem bank posts. Three weeks ago he wrote:
[I]n Nevada, the Nevada Department of Business and Industry's Financial Institutions Division was prevented from closing 1st Commerce Bank, North Las Vegas ($24 million) through another legal action by Capitol Bancorp.
And last week he noted:
There is nothing new to report on the status of Capitol Bancorp's banking subsidiaries, particularly 1st Commerce Bank, North Las Vegas ($24 million), which is subject to a sealed hearing on the ability of the Nevada Department of Business and Industry's Financial Institutions Division to terminate its banking charter.
This is the second mid-week Capitol Bancorp related closing in the last month - both closings were delayed by legal filings.
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