Data / Bank failures / 2011 / First Community Bank
First Community Bank, Taos, NM: failed January 28, 2011
First Community Bank in Taos, New Mexico, failed on January 28, 2011. U.S. Bank, National Association of Minneapolis, MN, took over its deposits. It held $2.19 billion in assets and $1.85 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $230.7 million (10.5% of its assets). By assets it was the 2nd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- January 28, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- U.S. Bank, National Association, Minneapolis, MN
- Total assets
- $2,188,154,000
- Total deposits
- $1,847,851,000
- Estimated cost to the FDIC
- $230,711,735 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 12261
Other bank failures in New Mexico, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| High Desert State Bank | Albuquerque | June 25, 2010 | $80.3 million | $81 million | $28.4 million | First American Bank |
| Charter Bank | Santa Fe | January 22, 2010 | $1.20 billion | $859.9 million | $127.2 million | Charter Bank |
Other failed banks U.S. Bank, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Bank of Idaho, FSB | Ketchum | ID | April 24, 2009 | $490.7 million | $370.6 million | $109.2 million | U.S. Bank, National Association |
All bank failures in 2011 · All bank failures in New Mexico · Every failed bank U.S. Bank, National Association took over · 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.