Bank failure · NM
Eddy County National Bank (Carlsbad, NM) — failed April 3, 1986
Eddy County National Bank of Carlsbad, New Mexico was closed on April 3, 1986 and resolved through a purchase and assumption. United Nm Bank at Carlsb (NM) took over its insured deposits. At failure it held $30.4M in assets and $26.5M in deposits. The FDIC's estimated loss on the failure is $10.9M (36.0% of assets).
- Closing date
- April 3, 1986
- FDIC certificate #
- 23190
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Nm Bank at Carlsb
- Insurance fund
- FDIC
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