FDIC closed Nano Banc, a single-branch neobank with $686M deposits, raising questions.

Nano Banc issued a regulatory action on September 28, 2026.

Primary

Nano Banc

Amount

$686M

Date

September 28, 2026

Sub-sector

Neobank

Demonstrates regulatory and operational risks in the neobank model—relevant for founders considering de novo banking charters or heavily digital-first strategies. Shows deposit flight and asset quality challenges at scale.

Primary company

Nano Banc

Counterparty

Not disclosed

Amount

$686M

Event date

September 28, 2026

Sub-sector

Neobank

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PYMNTS

Source: pymnts.com