Bank failure · NM

Moncor Bank, N.A. (Roswell, NM) — failed September 12, 1985

Moncor Bank, N.A. of Roswell, New Mexico was closed on September 12, 1985 and resolved through a purchase and assumption. First Nb of Chaves Count (NM) took over its insured deposits. At failure it held $33.3M in assets and $32.9M in deposits. The FDIC's estimated loss on the failure is $10.6M (31.9% of assets).