Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Initial findings of our most recent analysis show that hundreds of banks are grappling with commercial mortgage defaults matching or exceeding the profile of the last two year’s CRE-related bank failures.

Sam Chandan PhD with Mark Gaudette

The count of US bank failures rose to eighty-three this past Friday when the Federal Deposit Insurance Corporation (FDIC) announced that the Nevada Financial Institutions Division had closed Nevada Security Bank (NSB). Acting as receiver, the FDIC has facilitated the prompt transfer of Nevada Security’s deposits to Oregon’s Umpqua Bank. NSB’s branches will open this Monday morning as part of the Umpqua Bank network. The FDIC’s loss sharing agreement with Umpqua Bank will cost the Deposit Insurance Fund an estimated $80.9 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.