Data / Bank failures / 1991 / Liberty National Bank
Liberty National Bank, Lovington, NM: failed May 23, 1991
Liberty National Bank in Lovington, New Mexico, failed on May 23, 1991. Western Commerce Bank of Carlsbad, NM, took over its deposits. It held $51.4 million in assets and $51.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.9 million (7.6% of its assets). By assets it was the 167th largest of 271 banks closed or assisted in 1991.
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
- May 23, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Western Commerce Bank, Carlsbad, NM
- Total assets
- $51,370,000
- Total deposits
- $51,562,000
- Estimated cost to the FDIC
- $3,916,897 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 16544
Other bank failures in New Mexico, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Security FS & La of Albuquerque | Albuquerque | May 3, 1991 | $261.7 million | $193.4 million | $29.4 million | |
| Southwest National Bank | Albuquerque | February 21, 1991 | $37.2 million | $36.5 million | $4.7 million | The Bank of New Mexico, SPR |
| American Bank, National Association | Rio Rancho | January 22, 1991 | $20.7 million | $23.3 million | $10.9 million | United New Mexico Bank at A |
| First Federal Savings Assoc. | Las Vegas | November 16, 1990 | $55.4 million | $41.4 million | $14.4 million | Bank of NM, & Las Vegas |
| First American Savings Bank, FSB | Santa Fe | August 31, 1990 | $123.6 million | $108.9 million | $57.4 million | |
| Security Federal Savings Bank | Carlsbad | May 4, 1990 | $26.9 million | $34.2 million | $15.5 million | Western Commerce Bank |
| The Red River Bank | Red River | February 23, 1990 | $6.5 million | $6.6 million | $2.1 million | Centinel Bank of Taos |
| The Bank of Ruidoso | Ruidoso | February 23, 1990 | $27.8 million | $26.5 million | $12.7 million | United New Mexico Bank at A |
Other failed banks Western Commerce Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Security Federal Savings Bank | Carlsbad | NM | May 4, 1990 | $26.9 million | $34.2 million | $15.5 million | Western Commerce Bank |
All bank failures in 1991 · All bank failures in New Mexico · Every failed bank Western Commerce 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.