by Calculated Risk on 2/26/2010 08:06:00 PM

Cheap Nevada thrills
Bright lights! Fast Times! No Limits!
Woe, The taps gone dry.
by Soylent Green is People
From FDIC: Heritage Bank of Nevada, Reno, Nevada, Assumes All of the Deposits of Carson River Community Bank, Carson City, Nevada

Carson River Community Bank, Carson City, Nevada, was closed today by the Nevada Department of Business and Industry, Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

As of December 31, 2009, Carson River Community Bank had approximately $51.1 million in total assets and $50.0 million in total deposits....

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.9 million. ... Carson River Community Bank is the 21st FDIC-insured institution to fail in the nation this year, and the first in Nevada. The last FDIC-insured institution closed in the state was Community Bank of Nevada, August 14, 2009.

A small one ...