ANOTHER BANK JUST FAILED… California’s Nano Banc just failed. Shut down Friday. FDIC appointed receiver. That makes SIX U.S. bank failures this year, versus two in all of 2025. California cited years of mismanagement at Nano. Beyond this bank, I’m watching lenders heavily exposed to commercial property. The FDIC itself has flagged high interest costs and vacant buildings making property debt harder to refinance and repay. If borrowers can’t pay, losses eat through bank capital. That’s how more failures could follow, one balance sheet at a time. Sunwest is taking most deposits and selected assets. Customers keep access, while the FDIC insurance fund faces an estimated $114 MILLION loss. And this is Sunwest’s SIXTH FDIC-assisted acquisition.