# FIRST COMMUNITY BANK

> **Failed bank** · TAOS, NM · failed 2011-01-28 · State commercial bank, Federal Reserve member · FDIC cost $231M

## What happened

FIRST COMMUNITY BANK of TAOS, NM was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST BANK OF IDAHO, FSB (KETCHUM, ID) — failed 2009-04-24 — /failed-bank/3621

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST COMMUNITY BANK (FDIC ID 3900), failed 2011-01-28. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/3900.

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