# ABQ BANK, A FSB

> **Failed bank** · ALBUQUERQUE, NM · failed 1990-02-09 · Savings bank · FDIC cost $434M

## What happened

ABQ BANK, A FSB of ALBUQUERQUE, NM was closed by state regulators on **1990-02-09**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF AMERICA NM, NA** (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2648
- **FDIC Certificate:** 29127
- **FDIC FIN:** 7280
- **Bank name:** ABQ BANK, A FSB
- **Location:** ALBUQUERQUE, NM
- **Failure date:** 1990-02-09
- **FDIC resolution date:** 1991-03-01
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $434M
- **Deposits at failure:** $1,468M
- **Assets at failure:** $2,019M
- **Acquiring bank:** BANK OF AMERICA NM, NA (ALBUQUERQUE, NM)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ABQ BANK, A FSB (FDIC ID 2648), failed 1990-02-09. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2648.

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