Nano Bank becomes sixth bank failure of 2026!
Nano Bank in Irvine, California has become the sixth bank failure of 2026! 2026 has now become the year with the largest number of bank failures this decade. The next largest year is 2017 with eight bank failures. In terms of asset size, the combined six bank failures this year account for approximately 1.41 billion is assets, which is minuscule compared to the $552 billion that was lost in 2023 with three of the largest bank failures in U.S. history. Nano Bank was a very troubled bank reporting a loss of $75 million for fiscal year 2025. Nano’s total assets ranged between $690M to $736M. The…
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