# SOUTHWEST NATIONAL BANK

> **Failed bank** · ALBUQUERQUE, NM · failed 1991-02-21 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

SOUTHWEST NATIONAL BANK of ALBUQUERQUE, NM was closed by the OCC on **1991-02-21**. The FDIC was named receiver.

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

Deposits were transferred to **THE BANK OF NEW MEXICO, SPR** (SPRINGER, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3020
- **FDIC Certificate:** 21985
- **FDIC FIN:** 4325
- **Bank name:** SOUTHWEST NATIONAL BANK
- **Location:** ALBUQUERQUE, NM
- **Failure date:** 1991-02-21
- **FDIC resolution date:** 1991-02-21
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $36M
- **Assets at failure:** $37M
- **Acquiring bank:** THE BANK OF NEW MEXICO, SPR (SPRINGER, NM)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHWEST NATIONAL BANK (FDIC ID 3020), failed 1991-02-21. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3020.

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