Six FDIC-Insured Banks Failed in the Past Year. Here’s Each One Ranked by Size, Led by Irvine’s Nano Banc

Detailed summary

One failed bank outweighed the other five combined, yet it was not the costliest to the insurance fund. Six closures, six rescuers, and one quick check could reveal whether your own balance would survive the next one.

Six FDIC-insured banks failed between Nov. 14, 2025 and Nov. 14, 2026, according to the FDIC's list of failed banks. That's a small count for a country with thousands of banks, but each closure affected real checking and savings accounts.

Ordered by size, the list goes from a mid-sized California lender down to a tiny Indiana savings and loan, and each one ended the same way for insured depositors: their money moved to another bank.

Nano Banc in Irvine, California, leads the list. It reported $736,172,000 in total assets on its last call report, the quarterly financial filing every bank sends regulators. Regulators closed it on Sept. 25, 2026, and Sunwest Bank took over. Nano Banc was larger than the other five failures combined, which together held $712,100,000 in assets.

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The estimated cost column shows how much each failure is expected to draw from the Deposit Insurance Fund, the pool that banks pay into so insured deposits can be covered. Community Bank and Trust - West Georgia has the largest published estimate at $97,284,000, even though it ranked second by size. The FDIC published preliminary cost estimates for Nano Banc and Tioga-Franklin when they closed. Both banks' assets and deposit figures come from June 30, 2026 call reports.

The FDIC is the federal agency that backs bank deposits, and its insurance generally covers eligible deposits up to $250,000 per depositor, per insured bank, for each ownership category. An ownership category is simply how an account is titled, and each one gets its own separate limit at the same bank.

Single accounts, joint accounts, certain retirement accounts such as IRAs, and trust accounts each count as different categories.

When a…

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