FIRST COMMUNITY BANK Failed 2011
What happened
FIRST COMMUNITY BANK of TAOS, NM was closed on 2011-01-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to U.S. BANK, NATIONAL ASSOCIATION (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3900
- FDIC Certificate
- 12261
- FDIC FIN
- 10333
- Bank name
- FIRST COMMUNITY BANK
- Location
- TAOS, NM
- Failure date
- 2011-01-28
- FDIC resolution date
- 2011-01-28
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $231M
- Deposits at failure
- $1,848M
- Assets at failure
- $2,188M
- Acquiring bank
- U.S. BANK, NATIONAL ASSOCIATION (MINNEAPOLIS, MN)
Other banks U.S. BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions