# NEW MEXICO FSA

> **Failed bank** · ALBUQUERQUE, NM · failed 1989-07-20 · SL · FDIC cost $48M

## What happened

NEW MEXICO FSA of ALBUQUERQUE, NM was closed by state regulators 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
- **Estimated FDIC DIF cost:** $48M
- **Deposits at failure:** $194M
- **Assets at failure:** $241M
- **Acquiring bank:** FIRST NB IN ALBUQUERQUE (ALBUQUERQUE, NM)

## Other banks FIRST NB IN ALBUQUERQUE has acquired in FDIC resolutions

- AMERICAN FS & LA (ALBUQUERQUE, NM) — failed 1989-03-09 — /failed-bank/2197

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20MEXICO%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW MEXICO FSA (FDIC ID 2445), failed 1989-07-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2445.

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