Data / Bank failures / 1985 / Security FS&LA
Security FS&LA, Alberquerque, NM: received FDIC assistance October 1, 1985
Security FS&LA in Alberquerque, New Mexico, received open bank assistance from the FDIC on October 1, 1985. It held $169.1 million in assets and $167.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $19.5 million (11.6% of its assets). By assets it was the 36th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- October 1, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Security FS&LA, Albequerque, NM
- Total assets
- $169,057,000
- Total deposits
- $167,698,000
- Estimated cost to the FDIC
- $19,536,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30922
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 |
| 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 |
| 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.