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FDIC-linked bank failures in 2026 total six as Nano Banc closes
The FDIC estimated Nano Banc’s failure would cost its Deposit Insurance Fund $114 million, underscoring how small-bank collapses can still drive outsized insurance-fund losses.
CryptoSlate reports that six US banks have failed in 2026 so far, which is one more than the number of failures recorded in 2023.
The outlet said the six 2026 closures involved about $1.43 billion in combined assets, far below roughly $552.54 billion at banks that failed in 2023, based on FDIC historical figures.
Nano Banc’s Sept. 25 closure brought the count to six, and CryptoSlate cited the FDIC estimate that the Irvine, California, lender had $736 million in assets and that the failure would cost the Deposit Insurance Fund $114 million.
CryptoSlate also noted that the FDIC’s latest industry assessment shows stronger profits and fewer banks on its problem list, while still saying the 2026 failures were not harmless.