# THE BANK OF RUIDOSO

> **Failed bank** · RUIDOSO, NM · failed 1990-02-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $13M

## What happened

THE BANK OF RUIDOSO of RUIDOSO, NM was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- AMERICAN BANK, NATIONAL ASSOCIATION (RIO RANCHO, NM) — failed 1991-01-22 — /failed-bank/2995

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20RUIDOSO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF RUIDOSO (FDIC ID 2666), failed 1990-02-23. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/2666.

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