Bank failure · NM

First Community Bank (Taos, NM) — failed January 28, 2011

First Community Bank of Taos, New Mexico was closed on January 28, 2011 and resolved through a purchase and assumption. U.S. Bank, National Association (MN) took over its insured deposits. At failure it held $2.2B in assets and $1.8B in deposits. The FDIC's estimated loss on the failure is $230.7M (10.5% of assets).