Multiple arguments for IF ISERROR...

I am trying to create an IF statement that searches for particular text in a cell. The formula works fine if I use the first IF statement below but when I try to use the second statement I get a VALUE error message.

=IF(ISERROR(SEARCH("BANK",$O5)),"No","BANKCARD") - This one works fine.

=IF(ISERROR(SEARCH("BANK",$O5)),"No","BANKCARD"), =IF(ISERROR(SEARCH("WIRE",$O5)),"No","WIRING") - This one does not.