FDIC Appoints Sunwest Bank as Nano Banc's Acquiring Institution
The FDIC said the transfer will give depositors immediate access and keep payments running as Sunwest Bank assumes selected assets.
- On Friday, September 25, the Federal Deposit Insurance Corporation closed Nano Banc, appointing Sunwest Bank to acquire substantially all of the institution's deposits and a portion of its assets.
- The acquisition involves approximately $605 million in assumed deposits and $227 million in assumed loans, marking the sixth FDIC-assisted acquisition completed by the Irvine, California-based Sunwest Bank.
- Nano Banc customers retain immediate access to their funds through Sunwest Bank, which confirmed that existing checks will remain operational following the Department of Financial Protection and Innovation's closure.
- Former Nano Banc branches will reopen under the Sunwest Bank brand, with the FDIC available to handle client inquiries regarding the transition and account services.
- Sunwest Bank continues to expand its footprint across California, Arizona, Idaho, Colorado, Utah, and Florida, maintaining focus on providing commercial banking services to entrepreneurs and small business clients.
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The Daily Hodl
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California regulators closed Irvine’s Nano Banc on Sep 25, 2026; FDIC named receiver; Sunwest Bank assumes substantially all deposits; ~$736M assets / ~$686M deposits; DIF cost ~$114M.
The Billings Gazette
FDIC Appoints Sunwest Bank as Nano Banc's Acquiring Institution
IRVINE, Calif., Sept. 25, 2026 /PRNewswire/ -- Sunwest Bank has acquired Nano Banc of Irvine, California in an FDIC-assisted acquisition. The Federal Deposit Insurance Corporation (FDIC) accepted receivership of Nano Banc from the Department of Financial Protection and Innovation (DFPI),…
Nano Banc Closed by California; FDIC Estimates $114M Loss
California regulators closed Irvine-based Nano Banc and appointed the FDIC as receiver. Sunwest Bank will assume substantially all deposits, while the FDIC estimates a $114 million loss to its Deposit Insurance Fund. Continue Reading California Shuts Down Nano Banc; FDIC Estimates $114 Million Loss
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