Bank failure · NM

Carlsbad S&la (Carlsbad, NM) — failed May 1, 1980

Carlsbad S&la of Carlsbad, New Mexico was closed on May 1, 1980 and resolved through a a/a. Security S&la (NM) took over its insured deposits. At failure it held $26.7M in assets and $20.1M in deposits. The FDIC's estimated loss on the failure is $1.5M (5.7% of assets).