Bank failure · NM

Zia New Mexico Bank (Tucumcari, NM) — failed April 23, 1999

Zia New Mexico Bank of Tucumcari, New Mexico was closed on April 23, 1999 and resolved through a purchase and assumption. First National Bank of New (NM) took over its insured deposits. At failure it held $17.3M in assets and $16.7M in deposits. The FDIC's estimated loss on the failure is $2.2M (12.9% of assets).