27 failures since 1934 · $2.6 billion estimated loss
Bank failures in New Mexico
New Mexico has 27 bank failures on FDIC record since 1934, 0.8% of the national total and the 37th-highest count of any state or territory. The worst year was 1989, with 6. Since 2000 there have been 3; the most recent was First Community Bank on January 28, 2011. The largest by assets was First Community Bank of Taos, with $2.2 billion, in 2011.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 28, 2011 | First Community Bank | Taos, NM | $2.2 billion | $231 million |
| June 25, 2010 | High Desert State Bank | Albuquerque, NM | $80.3 million | $28.4 million |
| January 22, 2010 | Charter Bank | Santa Fe, NM | $1.2 billion | $127 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 23, 1999 | Zia New Mexico Bank | Tucumcari, NM | $17.3 million | $2.2 million |
| May 23, 1991 | Liberty National Bank | Lovington, NM | $51.4 million | $3.9 million |
| May 3, 1991 | Security Federal Savings and Loan Association of Albuquerque | Albuquerque, NM | $262 million | $29.4 million |
| February 21, 1991 | Southwest National Bank | Albuquerque, NM | $37.2 million | $4.7 million |
| January 22, 1991 | American Bank, National Association | Rio Rancho, NM | $20.7 million | $10.9 million |
| November 16, 1990 | First Federal Savings and Loan Association | Las Vegas, NM | $55.4 million | $14.4 million |
| August 31, 1990 | First American Savings Bank, FSB | Santa Fe, NM | $124 million | $57.4 million |
| May 4, 1990 | Security Savings Bank, FSB | Carlsbad, NM | $26.9 million | $15.5 million |
| February 23, 1990 | The Red River Bank | Red River, NM | $6.5 million | $2.1 million |
| February 23, 1990 | The Bank of Ruidoso | Ruidoso, NM | $27.8 million | $12.7 million |
| February 9, 1990 | Abq Bank, A Federal Savings Bank | Albuquerque, NM | $2.0 billion | $434 million |
| December 21, 1989 | Silver Savings and Loan Association, A Federal Association | Silver City, NM | $32.2 million | $7.3 million |
| July 20, 1989 | New Mexico Federal Savings and Loan | Albuquerque, NM | $241 million | $48.2 million |
| March 9, 1989 | Sun Country Savings Bank of New Mexico, FSB | Albuquerque, NM | $66.5 million | $54.6 million |
| March 9, 1989 | Valley Federal Savings Bank | Roswell, NM | $181 million | $161 million |
| March 9, 1989 | American Federal Savings and Loan Association | Albuquerque, NM | $189 million | $52.9 million |
| February 10, 1989 | Sandia Federal Savings and Loan Association | Albuquerque, NM | $747 million | $1.1 billion |
| October 7, 1988 | Liberty Federal Savings Bank | Raton, NM | $130 million | $105 million |
| July 17, 1986 | New Mexico National Bank | Albuquerque, NM | $159 million | $34.3 million |
| April 3, 1986 | Eddy County National Bank | Carlsbad, NM | $30.4 million | $10.9 million |
| December 13, 1985 | First National Bank of Lincoln County | Ruidoso, NM | $32.0 million | $16.7 million |
| September 12, 1985 | Moncor Bank, National Association | Roswell, NM | $33.3 million | $10.6 million |
| August 30, 1985 | Moncor Bank, National Association | Hobbs, NM | $229 million | $54.0 million |
| November 3, 1983 | State Savings and Loan Association | Clovis, NM | $30.9 million | $20.8 million |