Bank failure · NM

Security Fs&la (Alberquerque, NM) — failed October 1, 1985

Security Fs&la of Alberquerque, New Mexico was closed on October 1, 1985 and resolved through a a/a. Security Fs&la (NM) took over its insured deposits. At failure it held $169.1M in assets and $167.7M in deposits. The FDIC's estimated loss on the failure is $19.5M (11.6% of assets).