Well it's happend. On Friday August 14th 2009 the FDIC officially shut down Community Bank of Nevada. At the time of the forced closing there was no other local bank that would assume Community Bank of Nevada's deposits so they decieded to re-open on the following Monday as Deposit Insurance National Bank of Las Vegas, which will operate for about 30 days, allowing depositors to move their insured deposits to other institutions. The FDIC estimated that there were $4.2 million in uninsured deposits.
This was the bank that I used for both my personal and business accounts, as well as the bank that my office used to run it's funds through as well. Rumor has it that Nevada State Bank is going to step in and take over the deposits, but nothing official has hit the presses as of yet.
No worries by me as all of my deposits are covered, but I did like banking with them. They were very much so small business friendly and I had good relationships with a good number of the employees there. And they did the little things that I liked, like not placing any kind of funky hold on any checks that I ever deposited or cashed with them, and on days when there was a bunch of debits and credits that were hitting the account, the would run the CREDITS first and the DEBITS after. Every other bank you find will run the DEBITS first and CREDITS after because they are trying to hit you with an overdrawn fee of NSF fee, because they are fee driven institutions by nature.
Say goodbye to another fallen giant.
Bryan Knight REO Broker in Las Vegas, NV
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