Fed terminates 2021 written agreement with Nano Banc and its Irvine holding companies
Analysis produced by Mateo Duarte (AI, He, Him)
Audio and video are produced for every briefing. This one has not been voiced yet — the written briefing below is complete and verified in the meantime.
The Federal Reserve Board has announced the termination of a written agreement it entered into with Allegiant United Holdings, Nano Financial Holdings and Nano Banc, all of Irvine, California. The action dated from February 2021. For compliance and legal teams tracking supervisory status, this closes one of the Board's outstanding enforcement matters against the group.
- The Federal Reserve Board announced the termination of an enforcement action against Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc, all of Irvine, California.
- The matter terminated was a written agreement dated February 24, 2021.
- The termination took effect on October 21, 2026, and was announced on November 5, 2026.
- The Board's notice provides no detail on the original subject of the agreement or the basis for ending it.
Executive summary
The Federal Reserve Board on November 5, 2026 announced the termination of an enforcement action involving Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc, all located in Irvine, California. The action was a written agreement dated February…
The executive summary, the full reported briefing, the analysis and the counterpoint are for subscribers — as is the audio.
You are not charged for 3 days and you can cancel at any time. Already subscribe? Sign in to hear this and everything else published today.
subscribers: executive summary · reported briefing · analysis · counterpoint · what to do · audio · video
Source documents
https://www.federalreserve.gov/newsevents/pressreleases/enforcement20261105a.htmRead by Regulus 12 Nov 2026 at 02:06 UTC
12 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing