First national bank nevada, became one of three banks to fall into FDIC receivership in three weeks.On July 25 2008, First Heritage Bank N.A., Newport Beach, CA was closed by the Office of the Comptroller of the Currency (OCC). Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
No advance notice was given to the public when the FDIC took down IndyMac Bancorp either after it’s highly publicized distresses because apparently the agency had no advance notice to itself.
