FDIC takes over two more banks

Posted by Nick Dutton - email

CARSON CITY, Nevada (AP) - Come Monday, customers of 1st National Bank of Nevada and First Heritage Bank will be doing business with Mutual of Omaha Bank.

The latest two banks to fail were shut down by federal regulators yesterday. They were owned by the Scottsdale Arizona-based First National Bank Holding Company.

First Heritage operates in California. First National has branches in Nevada and Arizona.

The Federal Deposit Insurance Corporation says all depositors in the failed banks will still have access to all their money, including funds in excess of FDIC insurance limits. The FDIC also says account holders can access their funds over the weekend by writing checks or using ATMs and debit cards.

The FDIC says the takeover of the failed banks is the least costly resolution of the situation.

The Associated Press contributed this report.