Sunwest Takes Over Nano Banc Deposits After Closure
The FDIC says customers retain deposit access after Nano Banc’s September 25 closure. Business owners should verify payment workflows before changing banking arrangements.
California regulators closed Nano Banc on September 25, 2026, and appointed the FDIC as receiver. Sunwest Bank agreed to assume substantially all deposits and purchase certain assets, according to the FDIC’s announcement. This is a completed resolution agreement, not a proposed merger.
The FDIC said depositors automatically become Sunwest customers, with immediate access to deposits and continued FDIC insurance on assumed deposits. Checks would continue processing, and customers could use ATM and debit cards over the weekend. Nano Banc’s single branch was scheduled to reopen as Sunwest during normal business hours on Monday, September 28. The announcement does not confirm that reopening has occurred.
Loan customers should keep making payments as usual. The FDIC also said customers did not need to change their banking relationship to retain the stated deposit protection.
Verify the next payment cycle
Trovo’s interpretation: The immediate business decision is whether existing payment arrangements will support the next payroll and supplier deadlines. Deposit access is important, but the announcement does not specifically address ACH origination, payroll integrations, wire permissions or authorized-user settings. That omission is not evidence of an interruption; it identifies what owners should confirm directly.
Before the next payment run:
- Ask the bank to confirm ACH and wire access, approval permissions and applicable cutoff times.
- Check with the payroll provider that scheduled debits remain on track. Avoid submitting a duplicate payroll while confirming status.
- Verify that the employees responsible for releasing payments can access the account through established channels.
Our community-bank payment-access checklist offers a related framework for separating payment continuity from longer-term borrowing decisions.
A backup account is worth evaluating, but moving every payment immediately can create reconciliation work and uncertainty over pending transactions. Start by documenting the next payroll date, major supplier payments and who will verify each one.
If that review reveals a genuine cash shortfall rather than an access question, use the funding-readiness check to organize the financing decision. Borrowing should address an identified funding need, not substitute for confirming where existing cash can be used.
Image: Michael_Pointner on Pixabay.
