Data / Bank failures / 1999 / Zia New Mexico Bank
Zia New Mexico Bank, Tucumcari, NM: failed April 23, 1999
Zia New Mexico Bank in Tucumcari, New Mexico, failed on April 23, 1999. First National Bank of New of Clayton, NM, took over its deposits. It held $17.3 million in assets and $16.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.2 million (12.9% of its assets). By assets it was the 7th largest of 8 banks closed or assisted in 1999.
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The FDIC's record
- Closed
- April 23, 1999
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First National Bank of New, Clayton, NM
- Total assets
- $17,251,000
- Total deposits
- $16,708,000
- Estimated cost to the FDIC
- $2,221,575 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 13300
All bank failures in 1999 · 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.