Two FDIC Insured Banks Fail

From the FDIC: Failed Bank Information

First National Bank of Nevada, Reno, NV

First Heritage Bank, N.A., Newport Beach, CA

As of June 30, 2008, First National of Nevada had total assets of $3.4 billion and total deposits of $3.0 billion. First Heritage Bank had total assets of $254 million and total deposits of $233 million.
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The cost of the transactions to the Deposit Insurance Fund is estimated to be $862 million.

I go away for a few days and two banks fail!