ZIA NEW MEXICO BANK Failed 1999
What happened
ZIA NEW MEXICO BANK of TUCUMCARI, NM was closed on 1999-04-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK OF NEW (CLAYTON, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3517
- FDIC Certificate
- 13300
- FDIC FIN
- 4635
- Bank name
- ZIA NEW MEXICO BANK
- Location
- TUCUMCARI, NM
- Failure date
- 1999-04-23
- FDIC resolution date
- 1999-04-23
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- FIRST NATIONAL BANK OF NEW (CLAYTON, NM)