Data / Bank failures / 2010 / High Desert State Bank
High Desert State Bank, Albuquerque, NM: failed June 25, 2010
High Desert State Bank in Albuquerque, New Mexico, failed on June 25, 2010. First American Bank of Artesia, NM, took over its deposits. It held $80.3 million in assets and $81 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $28.4 million (35.3% of its assets). By assets it was the 130th largest of 157 banks closed or assisted in 2010.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- June 25, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First American Bank, Artesia, NM
- Total assets
- $80,343,000
- Total deposits
- $80,985,000
- Estimated cost to the FDIC
- $28,392,420 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35279
Other bank failures in New Mexico, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Community Bank | Taos | January 28, 2011 | $2.19 billion | $1.85 billion | $230.7 million | U.S. Bank, National Association |
| Charter Bank | Santa Fe | January 22, 2010 | $1.20 billion | $859.9 million | $127.2 million | Charter Bank |
Other failed banks First American Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Town Community Bank and Trust | Antioch | IL | January 15, 2010 | $70.8 million | $68.3 million | $23.3 million | First American Bank |
| United Citizens Bank, National Assoc | College Station | TX | February 28, 1991 | $44.9 million | $47.2 million | $9.8 million | First American Bank |
| Texas Commercial Sa | Sulphur Springs | TX | September 21, 1990 | $27.7 million | $26.8 million | $7 million | First American Bank |
| University National Bank of College Statio | College Station | TX | March 8, 1990 | $36.3 million | $39.5 million | $11.7 million | First American Bank |
| First California Savings | Orange | CA | April 6, 1989 | $161.4 million | $194.5 million | $73.7 million | First American Bank |
| First Bank & Trust | Bryan | TX | February 9, 1989 | $148.1 million | $144.7 million | $30 million | First American Bank |
| Farmers National Bank of Erick | Erick | OK | February 7, 1985 | $16.8 million | $17.3 million | $3.6 million | First American Bank |
All bank failures in 2010 · All bank failures in New Mexico · Every failed bank First American Bank 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.