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Sunwest Bank acquires Nano Banc in FDIC deal

PRIVATESep 25, 2026

Acquiring Company

Sunwest Bank

Acquired Company

WORQ

SandyMalaysiaFinancial ServicesFinanceBanking

Description

Sunwest Bank has completed the acquisition of Nano Banc in an FDIC-assisted transaction. The FDIC accepted receivership of Nano Banc after its closure on September 25th. Sunwest Bank will assume approximately $605 million in deposits and $227 million in loans. Nano Banc customers will regain access to their deposits immediately under Sunwest Bank.

Company Information

Company

Sunwest Bank

Location

Sandy, Utah, United States

About

Sunwest Bank is a privately held commercial bank founded in 1969, with more than $3.0 Billion in assets. Headquartered in Sandy, UT, with operations in multiple states, Sunwest is an entrepreneurial business bank providing excellent service to entrepreneurs, privately held corporations, family offices, small-medium sized businesses, and real estate developers throughout the Western United States.

Fundz sees it the moment Sunwest Bank makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
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ML-powered predictions for Sunwest Bank's next move

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Frequently asked

Who acquired WORQ?

WORQ was acquired by Sunwest Bank, based in Sandy. The deal was reported on September 25, 2026. Sunwest Bank is a privately held commercial bank founded in 1969, with more than $3.0 Billion in assets. Sunwest Bank is privately held and operates in Financial Services.

When did Sunwest Bank acquire WORQ?

Sunwest Bank's acquisition of WORQ was reported on September 25, 2026. Sunwest Bank has completed the acquisition of Nano Banc in an FDIC-assisted transaction. The FDIC accepted receivership of Nano Banc after its closure on September 25th. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WORQ do?

Malaysia-based co-working space provider with a goal to expand its co-working space operations. It is privately held, and is based in Malaysia.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.