MONCOR BANK, N.A. Failed 1985

What happened

MONCOR BANK, N.A. of ROSWELL, NM was closed on 1985-09-12. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB OF CHAVES COUNT (ROSWELL, NM). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1067

FDIC Certificate

24106

FDIC FIN

2497

Bank name

MONCOR BANK, N.A.

Location

ROSWELL, NM

Failure date

1985-09-12

FDIC resolution date

1985-09-12

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$11M

Deposits at failure

$33M

Assets at failure

$33M

Acquiring bank

FIRST NB OF CHAVES COUNT (ROSWELL, NM)