Data / Bank failures / New Mexico
Bank failures in New Mexico: 27 banks since 1980
27 banks in New Mexico failed between 1980 and 2011, holding $8.22 billion in assets and $7.21 billion in deposits. The FDIC estimates the cost to its insurance fund at $2.60 billion. The FDIC also assisted 5 open banks without closing them. The largest: First Community Bank ($2.19 billion), Abq Bank, A FSB ($2.02 billion), Charter Bank ($1.20 billion). By decade: 1980s 18, 1990s 11, 2010s 3.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Community Bank | Taos | January 28, 2011 | $2.19 billion | $1.85 billion | $230.7 million | U.S. Bank, National Association |
| High Desert State Bank | Albuquerque | June 25, 2010 | $80.3 million | $81 million | $28.4 million | First American Bank |
| Charter Bank | Santa Fe | January 22, 2010 | $1.20 billion | $859.9 million | $127.2 million | Charter Bank |
| Zia New Mexico Bank | Tucumcari | April 23, 1999 | $17.3 million | $16.7 million | $2.2 million | First National Bank of New |
| Liberty National Bank | Lovington | May 23, 1991 | $51.4 million | $51.6 million | $3.9 million | Western Commerce Bank |
| 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 |
| Abq Bank, A FSB | Albuquerque | February 9, 1990 | $2.02 billion | $1.47 billion | $434.1 million | Bank of America NM, NA |
| Silver Savings Assoc. | Silver City | December 21, 1989 | $32.2 million | $27.7 million | $7.3 million | First New Mexico Bank |
| New Mexico Fsa | Albuquerque | July 20, 1989 | $240.7 million | $194 million | $48.2 million | First NB in Albuquerque |
| Sun Country SB of New Mexico | Albuquerque | March 9, 1989 | $66.5 million | $76.7 million | $54.6 million | |
| American FS & La | Albuquerque | March 9, 1989 | $188.9 million | $151.1 million | $52.9 million | First NB in Albuquerque |
| Valley Federal Savings | Roswell | March 9, 1989 | $180.6 million | $263.8 million | $161.1 million | |
| Sandia FS & La | Albuquerque | February 10, 1989 | $747.1 million | $1.08 billion | $1.05 billion | |
| 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 |
| 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 |
| 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 | |
| Coronado S&LA (assistance) | Albuquerque | August 27, 1982 | $34.4 million | $25 million | $1.4 million | Sun Country S&LA of NM |
| Carlsbad S&LA (assistance) | Carlsbad | May 1, 1980 | $26.7 million | $20.1 million | $1.5 million | Security S&LA |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.