Bank failure · NM
Sun Country Sb of New Mexico (Albuquerque, NM) — failed March 9, 1989
Sun Country Sb of New Mexico of Albuquerque, New Mexico was closed on March 9, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $66.5M in assets and $76.7M in deposits. The FDIC's estimated loss on the failure is $54.6M (82.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 32020
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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