Data / Bank failures / 1986 / New Mexico National Bank
New Mexico National Bank, Albuquerque, NM: failed July 17, 1986
New Mexico National Bank in Albuquerque, New Mexico, failed on July 17, 1986. First Intrst BK Albuquer of Albuquerque, NM, took over its deposits. It held $159.3 million in assets and $149.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $34.3 million (21.5% of its assets). By assets it was the 32nd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- July 17, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Intrst BK Albuquer, Albuquerque, NM
- Total assets
- $159,298,000
- Total deposits
- $149,163,000
- Estimated cost to the FDIC
- $34,265,701 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 20457
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 |
| 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 |
| 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.