Failures by State
Bank Failures in New Mexico
27 FDIC-insured banks headquartered in New Mexico have failed since 1983. The most recent was First Community Bank on January 28, 2011. The worst year was 1990, with 6 failures. Failed banks held $8.22B in assets at closing.
27
Failures
1983 to 2011
$8.22B
Failed assets
At closing
$2.60B
Estimated DIF loss
FDIC estimate
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All New Mexico events
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Largest bank failures in New Mexico
| Date | Bank | Assets |
|---|---|---|
| Jan 28, 2011 | First Community Bank | $2.19B |
| Feb 9, 1990 | Abq Bank, a FSB | $2.02B |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Feb 10, 1989 | Sandia FS & La | $747.1M |
| May 3, 1991 | Security FS & La of Albuquerque | $261.7M |
| Jul 20, 1989 | New Mexico FSA | $240.7M |
| Aug 30, 1985 | Moncor Bank, N.A. | $229.3M |
| Mar 9, 1989 | American FS & La | $188.9M |
| Mar 9, 1989 | Valley Federal Savings | $180.6M |
| Jul 17, 1986 | New Mexico National Bank | $159.3M |
New Mexico bank failures by year
Every bank failure in New Mexico
| Date | Bank | Assets |
|---|---|---|
| Jan 28, 2011 | First Community Bank | $2.19B |
| Jun 25, 2010 | High Desert State Bank | $80.3M |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Apr 23, 1999 | Zia New Mexico Bank | $17.3M |
| May 23, 1991 | Liberty National Bank | $51.4M |
| May 3, 1991 | Security FS & La of Albuquerque | $261.7M |
| Feb 21, 1991 | Southwest National Bank | $37.2M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Nov 16, 1990 | First Federal Savings Assoc. | $55.4M |
| Aug 31, 1990 | First American Savings Bank, FSB | $123.6M |
| May 4, 1990 | Security Federal Savings Bank | $26.9M |
| Feb 23, 1990 | The Bank of Ruidoso | $27.8M |
| Feb 23, 1990 | The Red River Bank | $6.5M |
| Feb 9, 1990 | Abq Bank, a FSB | $2.02B |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Jul 20, 1989 | New Mexico FSA | $240.7M |
| Mar 9, 1989 | American FS & La | $188.9M |
| Mar 9, 1989 | Valley Federal Savings | $180.6M |
| Mar 9, 1989 | Sun Country SB of New Mexico | $66.5M |
| Feb 10, 1989 | Sandia FS & La | $747.1M |
| Oct 7, 1988 | Liberty FSB | $130.4M |
| Jul 17, 1986 | New Mexico National Bank | $159.3M |
| Apr 3, 1986 | Eddy County National Bank | $30.4M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Sep 12, 1985 | Moncor Bank, N.A. | $33.3M |
| Aug 30, 1985 | Moncor Bank, N.A. | $229.3M |
| Nov 3, 1983 | State of Clovis, Sa | $30.9M |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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