Bank failure · NM

Liberty National Bank (Lovington, NM) — failed May 23, 1991

Liberty National Bank of Lovington, New Mexico was closed on May 23, 1991 and resolved through a purchase and assumption. Western Commerce Bank (NM) took over its insured deposits. At failure it held $51.4M in assets and $51.6M in deposits. The FDIC's estimated loss on the failure is $3.9M (7.6% of assets).