Two more banks fail. It appears that about business hours on Friday is when to look for these announcements.
The Federal Deposit Insurance Corp. said all the accounts of First National Bank of Nevada, based in Reno, Nev., and First Heritage Bank of Newport Beach, Calif. were sold to Mutual of Omaha Bank.
The two banks were units if First National Bank Holding Co., of Scottsdale, Ariz. The FDIC was appointed receiver of both banks.
First National Bank of Nevada had $3.4 billion in assets and $3.0 billion in deposits.