Nevada

Attorney General Catherine Cortez Masto alleges that the processor fraudulently notarized 4,000 documents a day and demanded kickbacks from foreclosure attorneys.

First Security Bank of Nevada in Las Vegas has received a much-needed capital boost.

Western Liberty Bancorp Inc. in Las Vegas has hired Sandler O'Neil & Partners LP to search for strategic alternatives, including a possible sale, just eight after the special-purpose acquisition company completed its first bank acquisition.

The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.

The Federal Deposit Insurance Corp. said last week it had issued prompt corrective action orders to four of Capitol's 24 banks, including its three largest, in February. The directive to each was clear: Sell stock to raise capital to adequate levels, or find a buyer.

As part of its effort to increase capital ratios, Capitol Bancorp said Friday that it had agreed to sell its 1st Commerce Bank subsidiary.

Western Liberty Bancorp is one step closer to becoming one of the only blank-check companies to break into banking.

Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.

Western Alliance Bancorp. on Thursday priced its public offering of 7 million shares at $6.25 a share, an 8.5% discount to Wednesday's closing price.

The opportunities to make bets on failed Nevada banks are dwindling, drawing out-of-state buyers into the market before the game closes.

WASHINGTON — Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.

Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.

Nevada saw its third failure of the year late Friday, with the collapse of $480 million-asset Nevada Security Bank in Reno.

Five more banks failed Friday — including the subsidiaries of Bank of Florida Corp. — costing the government an additional $317 million.

With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for their members that Nevada Federal Credit Union is paying members to take their money elsewhere.

State regulators shut two banks on Friday, bringing the year's total failures to 22. The failures are expected to cost the Deposit Insurance Fund $103.1 million.

If you don't like the rules, change them. That's what one blank-check company did when a looming deadline threatened its plans to buy a Nevada bank.

U.S. Bancorp picked up $800 million of deposits in Nevada from BB&T Corp. Tuesday, a week after negotiations for a sale of branches in the state broke down between BB&T and Global Consumer Acquisition Corp. of New York.

Global Consumer Acquisition Corp.'s grand plan to build one of the largest community banking operations is back on track with a deal to buy Service1st Bank of Nevada in Las Vegas.

The New York blank-check company said Wednesday that it signed a letter of intent to buy the $204 million-asset Service 1st Bank of Nevada in Las Vegas.