HIGH DESERT STATE BANK Failed 2010
What happened
HIGH DESERT STATE BANK of ALBUQUERQUE, NM was closed on 2010-06-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK (ARTESIA, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3819
- FDIC Certificate
- 35279
- FDIC FIN
- 10252
- Bank name
- HIGH DESERT STATE BANK
- Location
- ALBUQUERQUE, NM
- Failure date
- 2010-06-25
- FDIC resolution date
- 2010-06-25
- 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.)
- $28M
- Deposits at failure
- $81M
- Assets at failure
- $80M
- Acquiring bank
- FIRST AMERICAN BANK (ARTESIA, NM)
Other banks FIRST AMERICAN BANK acquired in FDIC resolutions