Bank failure · NM

The First National Bank in Lincoln County (Ruidoso, NM) — failed December 13, 1985

The First National Bank in Lincoln County of Ruidoso, New Mexico was closed on December 13, 1985 and resolved through a purchase and assumption. First Nb of Ruidoso (NM) took over its insured deposits. At failure it held $32.0M in assets and $30.7M in deposits. The FDIC's estimated loss on the failure is $16.7M (52.0% of assets).