PYMNTS

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.

By PYMNTS

1 min read
Nano Banc Failure Tests Banking Beyond the Branch
Nano Banc Failure Tests Banking Beyond the Branch

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