TITLE

'Business as usual' after bank takeover

AUTHOR(S)
EDWARDS, JOHN G.
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Mutual of Omaha Bank to open for business in Las Vegas, Nevada on July 28, 2008 after federal officials took over First National Bank of Nevada and an affiliated company, First Heritage Bank. The Omaha Bank is acquiring First National Bank, which was put under federal receivership on July 25. According to the Office of the Comptroller of the Currency, First National was undercapitalized and had lost its assets as a result of unsafe and unsound practices.
ACCESSION #
34162044

 

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