On Friday, September 25, 2026, Nano Banc was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Sunwest Bank, Sandy, UT assumed substantially all deposit accounts and acquired certain assets of Nano Banc. All shares of stock were owned by the holding company, which was not involved in this transaction.
Frequently Asked Questions
September 25, 2026 Official Press Release
If You Had a Deposit Account
The full balance of substantially all deposit accounts has been transferred to Sunwest Bank.
You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.
EDIE — Electronic Deposit Insurance EstimatorCalculate insurance coverage of deposit accounts
Facts for DepositorsGeneral information explaining the role of FDIC
If You Had a Loan
You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.
If your loan is currently in process or you had a line of credit, contact your loan officer.
If you are making escrow payments and receive notification that any portion of your taxes or insurance was not paid, contact your loan officer.
If you received notice that the FDIC retained your loan, and you have questions, please visit the FDIC Information and Support Center.
Obtaining a Lien ReleaseProcess on getting a release of lien
Borrower’s Guide to an FDIC Insured Bank FailureOverview of how FDIC processes loans
Facts for BorrowersGeneral information explaining the role of FDIC
If You Are Owed Money for a Service or Product Provided
You may be eligible to file a claim against Nano Banc.
If you have not been paid for services rendered on or before September 25, 2026, please refer to the Filing Claims section below.
Facts for CreditorsGeneral information explaining the role of FDIC
If you are concerned about becoming a victim of fraud, be advised that you will not receive any communication from the FDIC requesting any private information. Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating they are acting on behalf of Nano Banc, Sunwest Bank, or the FDIC. The FDIC, however, will encourage you to correspond with us via the Failed Bank Customer Service Center (FBCSC), a secure web portal.
Acquiring Institution: Sunwest Bank
Substantially all deposit accounts have been transferred to Sunwest Bank, Sandy, UT ("assuming institution") and will be available immediately. The former Nano Banc locations will reopen as branches of Sunwest Bank during regular business hours.
All transferred deposits will be separately insured from any accounts you may already have at Sunwest Bank for at least six months after the failure of Nano Banc. Checks that were drawn on Nano Banc that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.
Sunwest Bank will review deposit rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Sunwest Bank as long as the deposits are not pledged as collateral for loans.
Sunwest Bank10011 S Centennial PkwySandy, UT 84070
Sunwest Bank (www.sunwestbank.com)
Substantially all deposit accounts have been transferred to Sunwest Bank. If you are a customer who has a Nano Banc deposit through a broker, you must contact your broker with any questions.
Deposit Broker's Processing Guide
Banking Services
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Sunwest Bank.
Your ATM/Debit card will continue to work as usual.
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Sunwest Bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.
All direct deposits, for example, social security, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.
These lines have been transferred to Sunwest Bank. Please contact Sunwest Bank if you have additional questions regarding your accounts.
You will have access to your safe deposit boxes during normal business hours. Any changes will be communicated by Sunwest Bank.
Sunwest Bank will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.
Filing Claims
If you or your company provided a service or product, leased space, furniture, or equipment to Nano Banc on or before September 25, 2026, and have not been paid, you may have a claim against Nano Banc.
All creditors having claims against Nano Banc must submit their Proof of Claim form, along with the supporting documentation, to the Receiver through one of the following methods: online, by email, or by mail. You can complete the Proof of Claim form and provide supporting documentation electronically through the Failed Bank Customer Service Center (FBCSC). To file a claim via email or mail, please go to Deposit Claims & Asset Sales to obtain a Proof of Claim form. Please complete the Proof of Claim form along with supporting documentation and submit via email, or by mail.
Online (Electronic Filing):
Failed Bank Customer Service Center (FBCSC)
Email:
[email protected]
Mail:
FDIC as Receiver for Nano BancAttention: Non-Deposit Claims600 North Pearl StreetSuite 700Dallas, TX 75201
NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
For Shareholders of Nano Financial Holdings, Inc.
All shares of Nano Banc are owned by its holding company, Nano Financial Holdings, Inc., Irvine, CA. The holding company was not included in the closing of the bank or resulting receivership.
If you are a shareholder, please do not contact or file a claim with the Receiver. You must contact the holding company directly:
Nano Financial Holdings, Inc.7755 Irvine Center Drive, 3rd FloorIrvine, CA 92618
Contact Information
Contact the FDIC Call Center at 1-866-314-1744.
Pacific Time
| Day | Time |
|---|
| Friday, September 25, 2026 | Until 8:00 p.m. |
| Saturday, September 26, 2026 | 9:00 a.m. – 5:00 p.m. |
| Sunday, September 27, 2026 | 12:00 p.m. – 4:00 p.m. |
| Monday, September 28, 2026 | 8:00 a.m. – 5:00 p.m. |
| Thereafter, weekdays | 8:00 a.m. – 4:00 p.m. |