Bank failure · NM

Bank of Santa Fe (Santa Fe, NM) — failed April 20, 1988

Bank of Santa Fe of Santa Fe, New Mexico was closed on April 20, 1988 and resolved through a a/a. Bank of Santa Fe (NM) took over its insured deposits. At failure it held $95.6M in assets and $91.5M in deposits. The FDIC's estimated loss on the failure is $22.0M (23.0% of assets).