THE BANK OF RUIDOSO Failed 1990
What happened
THE BANK OF RUIDOSO of RUIDOSO, NM was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED NEW MEXICO BANK AT A (ALAMOGORDO, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2666
- FDIC Certificate
- 20150
- FDIC FIN
- 4156
- Bank name
- THE BANK OF RUIDOSO
- Location
- RUIDOSO, NM
- Failure date
- 1990-02-23
- FDIC resolution date
- 1990-02-23
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $26M
- Assets at failure
- $28M
- Acquiring bank
- UNITED NEW MEXICO BANK AT A (ALAMOGORDO, NM)
Other banks UNITED NEW MEXICO BANK AT A acquired in FDIC resolutions