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Nano Banc Failure Tests Banking Beyond the Branch

When regulators closed Nano Banc on Friday (Sept. 25), among the details in the Federal Deposit Insurance Corp.’s announcement that stood out: Nano had a sole branch. The Irvine, California, commercial bank had reported $686 million in deposits and $736 million in assets as of June 30. Its one remaining physical location was only part […] The post Nano Banc Failure Tests Banking Beyond the Branch appeared first on PYMNTS.com.

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Nano Banc Failure Tests Banking Beyond the Branch
Nano Banc Failure Tests Banking Beyond the Branch

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