This Henderson, NV bank was closed by the feds on Friday. It was a state chartered bank doing business in Nevada and Arizona. Report in the Wall Street Journal was that there were $20 million in uninsured deposits. There was FDIC insurance up to the usual maximum per depositer. This is the 11th bank to fail this year and the second in Nevada. It was obviously not one of the favored "too big to fail" financial institutions [g].

I understand it's deposits have been assumed by units of Zions Bankcorp of Utah, a much bigger institution, and one that offers some of the highest interest rates around to depositors.