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Failed Bank Information for Nevada Security Bank, Reno, NV

On June 18, 2010, Nevada Security Bank was closed by the Nevada Financial Institutions Division. The FDIC was named Receiver. Umpqua Bank, Roseburg, OR acquired all deposit accounts.

The FDIC as Receiver for Nevada Security Bank, Reno, NV has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 30, 2021 and has made all dividend distributions required by law.

Effective July 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: July 1, 2022


Notice of Intent to Terminate

Publication Date: September 30, 2021

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: UMPQUA BANK

About Umpqua Bank

All deposit accounts, excluding certain brokered deposits, were transferred to Umpqua Bank, Roseburg, OR ("assuming institution"). Former Nevada Security Bank locations reopened as branches of Umpqua Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Umpqua Bank for at least six months after the failure of Nevada Security Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Umpqua Bank as long as the deposits are not pledged as collateral for loans.

Contacting Umpqua Bank

You can contact Umpqua Bank:

Umpqua Bank
445 S.E. Main Street
Roseburg, OR 97470

Umpqua Bank (www.umpquabank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (1.6 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank