Bank failure · NM
De Vargas S&la Bank (Santa Fe, NM) — failed September 11, 1986
De Vargas S&la Bank of Santa Fe, New Mexico was closed on September 11, 1986 and resolved through a a/a. Charter Bank for Savings Fs (NM) took over its insured deposits. At failure it held $19.1M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $3.4M (17.6% of assets).
- Closing date
- September 11, 1986
- FDIC certificate #
- 31615
- Resolution
- A/A (assistance)
- Acquiring institution
- Charter Bank for Savings Fs
- Insurance fund
- FSLIC
Other failures in 1986
- Lincoln Fs&la KY
- Citizens Bank & Trust Company LA
- Bank of Kansas City MO
- St. Louis Fs&la MO
- Farmers State Bank TX
- Lakeland State Bank MN
- Lago Vista National Bank TX
- First Bank & Trust Co. TX
- Landmark National Bank CO
- Barron County Fs&la WI
- Guaranty Federal Bank FSB WY
- First Savings of America IL
- The Citizens Bank of Windsor MO
- Cordell National Bank OK
- Firstsouth Fs&la AR
- First National Bank of Stewartville MN
- Panhandle Bank & Trust Company TX
- Hays State Bank KS
- Bank of Commerce TN
- Bank of Oklahoma, Okla. City, N.A. OK
- Gulf Federal Savings Bank LA
- First Security S&la CO
- First National Bank CA
- Norman Bank of Commerce OK