Data / Bank failures / 1986 / Eddy County National Bank
Eddy County National Bank, Carlsbad, NM: failed April 3, 1986
Eddy County National Bank in Carlsbad, New Mexico, failed on April 3, 1986. United NM Bank at Carlsb of Carlsbad, NM, took over its deposits. It held $30.4 million in assets and $26.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.9 million (36% of its assets). By assets it was the 112th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- April 3, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United NM Bank at Carlsb, Carlsbad, NM
- Total assets
- $30,352,000
- Total deposits
- $26,541,000
- Estimated cost to the FDIC
- $10,918,632 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 23190
Other bank failures in New Mexico, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Liberty FSB | Raton | October 7, 1988 | $130.4 million | $137.8 million | $104.6 million | |
| Bank of Santa Fe (assistance) | Santa Fe | April 20, 1988 | $95.6 million | $91.5 million | $22 million | Bank of Santa Fe |
| De Vargas S&LA Bank (assistance) | Santa Fe | September 11, 1986 | $19.1 million | $16.5 million | $3.4 million | Charter Bank for Savings FS |
| New Mexico National Bank | Albuquerque | July 17, 1986 | $159.3 million | $149.2 million | $34.3 million | First Intrst BK Albuquer |
| The First National Bank in Lincoln County | Ruidoso | December 13, 1985 | $32 million | $30.7 million | $16.7 million | First NB of Ruidoso |
| Security FS&LA (assistance) | Alberquerque | October 1, 1985 | $169.1 million | $167.7 million | $19.5 million | Security FS&LA |
| Moncor Bank, N.A. | Roswell | September 12, 1985 | $33.3 million | $32.9 million | $10.6 million | First NB of Chaves Count |
| Moncor Bank, N.A. | Hobbs | August 30, 1985 | $229.3 million | $220.3 million | $54 million | United Bank of Lea Count |
All bank failures in 1986 · All bank failures in New Mexico · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.