FDIC Appoints Sunwest Bank as Nano Banc's Acquiring Institution

Small California Bank Becomes The 6th U.S. Bank To Fail This Year. Sunwest Bank Assumed All Deposits.

California regulators seized a small Irvine lender on a Friday, and by Monday morning its customers walked into a branch with a different name on the door. What pushed Nano Banc over the edge reveals a pattern running through nearly every bank failure so far in 2026.

California’s Nano Banc fails

Sunwest Bank acquired most of the assets, deposits and loans from the long-troubled bank. Nano is the sixth U.S. bank to collapse in 2026.

California Bank Abruptly Shuttered in Sixth Bank Failure of 2026

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.

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),…

Irvine-based Nano Banc Closed by Regulators - Orange County Business Journal

Nano Banc was closed by California regulators on Sept. 25, with Sunwest Bank agreeing to assume substantially all of the Irvine-based bank’s deposits and acquire about $476 million of its assets. Nano Banc had $736 million in assets and $686 million in deposits as of June 30, according to the Federal Deposit Insurance Corp., which […]

Nano Banc Closed by California; FDIC Estimates $114M Loss

California closed Nano Banc and appointed the FDIC receiver. Sunwest Bank assumes substantially all deposits as the FDIC estimates a $114 million loss.