by Calculated Risk on 4/08/2011 08:38:00 PM

An apéritif
Sloshes down the bankers maw
Eager to consume
by Soylent Green is People
From the FDIC: City National Bank, Los Angeles, California, Assumes All of the Deposits of Nevada Commerce Bank, Las Vegas, Nevada

As of December 31, 2010, Nevada Commerce Bank had approximately $144.9 million in total assets and $136.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.9 million. .... Nevada Commerce Bank is the 28th FDIC-insured institution to fail in the nation this year, and the first in Nevada.