Filing incorrectly named failed bank

An article in Thursday's Business section quoted a Fontainebleau Las Vegas bankruptcy filing that incorrectly said that Bank of Nevada was seized by the federal government.

The seized bank was First National Bank of Nevada, which was closed in 2008.

The attorney who filed the document for Fontainebleau Las Vegas has acknowledged the mistake and has committed to file a corrected document with the U.S. Bankruptcy Court in Miami.

Bank of Nevada said Thursday that it has never had a relationship with Fontainebleau Las Vegas.

Construction on the multibillion-dollar Strip project has halted and the developers filed for Chapter 11 bankruptcy protection after a group of banks backed out of an agreement to provide $656 million in financing to complete the project.

The motion that was quoted in Thursday's Business story was a response to motions filed by the banks to explain why Fontainebleau Las Vegas' developers were seeking to draw on the bank financing.

The filing said the developer requested the funds because the project "faced a deteriorating local economy" and "a financial crisis in which their banks were failing."