Data / Bank failures / 1983 / State of Clovis, Sa
State of Clovis, Sa, Clovis, NM: failed November 3, 1983
State of Clovis, Sa in Clovis, New Mexico, failed on November 3, 1983. It held $30.9 million in assets and $30.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $20.8 million (67.4% of its assets). By assets it was the 67th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- November 3, 1983
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Total assets
- $30,904,102
- Total deposits
- $30,146,593
- Estimated cost to the FDIC
- $20,832,240 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31281
Other bank failures in New Mexico, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Coronado S&LA (assistance) | Albuquerque | August 27, 1982 | $34.4 million | $25 million | $1.4 million | Sun Country S&LA of NM |
All bank failures in 1983 · 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.