Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, August 14, 2009, The State of Nevada Financial Institutions Division
closed Community Bank of Nevada, Las Vegas,
NV and the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other relationships
with the institution. The FDIC has compiled the following information,
which should answer many of your questions.
The FDIC has issued a press release
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
David Barr at 202-898-6992.
The FDIC has created the Deposit Insurance National Bank of Las Vegas, NV
("DINB of Las Vegas") to facilitate the resolution of Community
Bank of Nevada, Las
Vegas, NV. The Federal Deposit Insurance in its capacity as Receiver has negotiated with Nevada State Bank to serve as paying agent and administer the orderly payment of certain deposits.
Checks for insured Savings, CDs and insured IRAs will be sent to your mailing
address on record with Community Bank of Nevada. These
will be mailed on Monday, August 17, 2009, and you should receive these checks
Principal and interest on insured accounts, through Friday, August 14, 2009,
are fully insured by the FDIC, up to the insurance limit of $250,000. You
will receive full payment for your insured account. Certain entitlements
and different types of accounts can be insured for more than the $250,000
limit. IRA funds are insured separately from other types of accounts,
up to a $250,000 limit.
All interest bearing accounts that exceed the $250,000 insurance limit
and/or all interest bearing accounts that appear to be related and exceed
this limit are reviewed
to determine their ownership and insurance coverage. If you think
you might have uninsured deposits, you should call the FDIC Call Center
arrange for a telephone interview with a Claims Agent at 1-800-331-6306.
The Claim Agent may direct you to download and submit a particular
form that will assist in expediting the processing of your claim.
FDIC Call Center
Hours of Operation
All Hours are Pacific Time
Friday, August 14, 2009:
Until 9:00 p.m.
Saturday, August 15, 2009:
9:00 a.m. – 6:00 p.m.
Sunday, August 16, 2009:
Noon – 6:00 p.m.
8:00 a.m. – 8:00 p.m.
If it is determined that you have uninsured funds, the FDIC will generate
and mail to you a Receiver Certificate. This certificate entitles
you to share proportionately in any funds recovered through the disposal
of the assets of Community Bank of Nevada. This
means that you will eventually recover some of your uninsured funds.
Checks that were drawn on Community Bank of Nevada will be
honored up to your available balance or the insured amount until close
of business on
September 14, 2009. You may
withdraw funds from any transferred account without an early withdrawal penalty
until you enter into a new deposit agreement with your new bank. A
hold may be in place on deposit accounts due to delinquent loans where the
depositor is the borrower or guarantor. Additionally, any account pledged
as collateral for a loan will be held.
The Automated Teller Machines (ATM) will remain available.
services will be in a read-only mode until August 17, 2009.
During the four week period ending on September 14, 2009, you
are encouraged to make arrangements with DINB of Las Vegas regarding your
safe deposit boxes and any other services to which you previously had access.
Your checks will be processed as usual through September 14, 2009. All
outstanding checks that clear prior to September 14, 2009 will be
paid against your available insured balance(s)
as if no change had occurred. If you have a problem with a merchant
refusing to accept your check, please contact your branch office. An
account representative will clear up any confusion about the validity of
All interest accrued through Friday, August 14, 2009,
will be paid at your same rate. Interest will not continue
to accrue after that date.
deposit(s) will continue until close of business September 14, 2009.
Automatic withdrawal(s) must clear your account by August 21, 2009
or they will be returned.
make arrangements with another financial institution as soon as possible.
If you had a loan with Community Bank of Nevada, you should
continue to make your payments as usual. The terms of your loan will not change
under the terms of the loan contract, because they are contractually agreed to
in your promissory note with the failed institution. Checks should be made
payable as usual and sent to the same address until further notice. If you have
further questions regarding an existing loan, please contact your loan officer.
If you or your company provided a service or product, leased space, furniture, or equipment to
Community Bank of Nevada after Friday August 14, 2009 and have not been paid you do not have a claim against
Community Bank of Nevada. Please follow your normal billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company provided
a service or product, leased space, furniture, or equipment to Community Bank
prior to Friday August 14, 2009 and have not been paid you may be
entitled to a claim against the bank. If you provided a product to or a service for
Community Bank of Nevada prior to the bank's failure for which you have not been
paid and you have not received communication,
Federal Deposit Insurance Corporation
Community Bank of Nevada 1601 N. Bryan Street Dallas, TX 75201-3430 Attention: Claims Agent
Please note: There are time limits for filing a claim,
your claim must be filed on or before 11/19/2009.
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.