Bank failure · NM
New Mexico Fsa (Albuquerque, NM) — failed July 20, 1989
New Mexico Fsa of Albuquerque, New Mexico was closed on July 20, 1989 and resolved through a purchase and assumption. First Nb in Albuquerque (NM) took over its insured deposits. At failure it held $240.7M in assets and $194.0M in deposits. The FDIC's estimated loss on the failure is $48.2M (20.0% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 31350
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb in Albuquerque
- Insurance fund
- RTC
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