NEW MEXICO FSA Failed 1989
What happened
NEW MEXICO FSA of ALBUQUERQUE, NM was closed on 1989-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB IN ALBUQUERQUE (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2445
- FDIC Certificate
- 31350
- FDIC FIN
- 7074
- Bank name
- NEW MEXICO FSA
- Location
- ALBUQUERQUE, NM
- Failure date
- 1989-07-20
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $48M
- Deposits at failure
- $194M
- Assets at failure
- $241M
- Acquiring bank
- FIRST NB IN ALBUQUERQUE (ALBUQUERQUE, NM)
Other banks FIRST NB IN ALBUQUERQUE acquired in FDIC resolutions