# THE RED RIVER BANK

> **Failed bank** · RED RIVER, NM · failed 1990-02-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

THE RED RIVER BANK of RED RIVER, 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 **CENTINEL BANK OF TAOS** (TAOS, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2667
- **FDIC Certificate:** 24752
- **FDIC FIN:** 4155
- **Bank name:** THE RED RIVER BANK
- **Location:** RED RIVER, 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:** $2M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** CENTINEL BANK OF TAOS (TAOS, NM)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE RED RIVER BANK (FDIC ID 2667), failed 1990-02-23. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2667.

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