Data / Bank failures / 1985 / Moncor Bank, N.A.
Moncor Bank, N.A., Hobbs, NM: failed August 30, 1985
Moncor Bank, N.A. in Hobbs, New Mexico, failed on August 30, 1985. United Bank of Lea Count of Hobbs, NM, took over its deposits. It held $229.3 million in assets and $220.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $54 million (23.6% of its assets). By assets it was the 29th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- August 30, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United Bank of Lea Count, Hobbs, NM
- Total assets
- $229,302,000
- Total deposits
- $220,340,000
- Estimated cost to the FDIC
- $54,020,270 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 16798
Other bank failures in New Mexico, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Eddy County National Bank | Carlsbad | April 3, 1986 | $30.4 million | $26.5 million | $10.9 million | United NM Bank at Carlsb |
| 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 |
| State of Clovis, Sa | Clovis | November 3, 1983 | $30.9 million | $30.1 million | $20.8 million |
All bank failures in 1985 · 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.