Press Release: Sunwest Bank Assumes All Deposits and Certain Assets of Nano Banc, Irvine, California

PRESS RELEASE | SEPTEMBER 25, 2026 Sunwest Bank Assumes All Deposits and Certain Assets of Nano Banc, Irvine, California WASHINGTON—Nano Banc of Irvine, California was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Sunwest Bank of Sandy, Utah to assume substantially all deposits and acquire certain assets of Nano Banc. Nano Banc’s sole branch will reopen as a branch of Sunwest Bank during its normal business hours on Monday, September 28, 2026. Depositors of Nano Banc will automatically become depositors of Sunwest Bank. The deposits assumed by Sunwest Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship. Customers of Nano Banc will have immediate access to their deposits. Over the weekend, they can access their deposits by writing checks or using ATM or debit cards. Checks drawn on Nano Banc will continue to be processed. Loan customers of Nano Banc should continue to make their payments as usual. Customers with questions may visit the FDIC’s we

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