# MONCOR BANK, N.A.

> **Failed bank** · HOBBS, NM · failed 1985-08-30 · National commercial bank (OCC-chartered) · FDIC cost $54M

## What happened

MONCOR BANK, N.A. of HOBBS, NM was closed by the OCC on **1985-08-30**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **UNITED BANK OF LEA COUNT** (HOBBS, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1060
- **FDIC Certificate:** 16798
- **FDIC FIN:** 2495
- **Bank name:** MONCOR BANK, N.A.
- **Location:** HOBBS, NM
- **Failure date:** 1985-08-30
- **FDIC resolution date:** 1985-08-30
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $54M
- **Deposits at failure:** $220M
- **Assets at failure:** $229M
- **Acquiring bank:** UNITED BANK OF LEA COUNT (HOBBS, NM)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MONCOR%20BANK%2C%20N.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MONCOR BANK, N.A. (FDIC ID 1060), failed 1985-08-30. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1060.

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