California closed Irvine-based Nano Banc on September 25 and appointed the FDIC as receiver. Sandy, Utah-based Sunwest Bank agreed to assume substantially all deposits and purchase selected assets. Sunwest says customer access continues and the branch is scheduled to reopen under its name September 28.
AI illustration: The Utah Ledger · Original graphic · The Utah Ledger
The Utah Bankers Association lists the AI-Native Banking and Fintech Conference for September 29, 9 AM–6 PM Mountain Time, at the Ken Garff University Club at Rice-Eccles Stadium.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Industrial banks, specialty lenders and fintech partnerships anchor Utah’s banking ecosystem. The ABA Annual Convention is scheduled for Salt Lake City, October 25–27.
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