With Branch Deal, Washington Federal Bulks Up in New Mexico

Washington Federal in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

First Community of N.M. Is Among Four Seized by Regulators

Regulators closed four banks late Friday, including the largest based in New Mexico, resulting in over $500 million of losses to the Deposit Insurance Fund.

Fifth Third Signs New Mexico and Texas Banks

The Cincinnati company will provide services including debit card processing, automated teller machine driving, fraud protection and card production to three bank clients.

New Mexico's Biggest Bank Is Short on Time, Options

First State Bancorp. has spent 16 months trying to convince buyers that its deposit franchise outshines its flaws, but its time to strike a deal might be dwindling.

New Mexico's First Community in Recap Talks

First State Bancorp. in Albuquerque confirmed that its banking subsidiary was in discussions with potential investors about a recapitalization.

First State and Bank of Florida Revise Results Downward

Two already troubled community banks recorded additional first-quarter losses this week in revising their results after re-evaluating problem loans.

First State of New Mexico Sharply Narrows Loss

The struggling First State Bancorp. in Albuquerque narrowed its first-quarter loss by 36% from a year earlier, to $15.7 million, as it cut its credit costs by half.

Credit Progress Clear, Yet Many Still in the Red

Fourth-quarter earnings reports from small and midsize banking companies showcase some favorable trends, notably that credit deterioration appears to be stabilizing and ...

Five Failures, Five States at Total Cost of $532M

PE buyer finally gets to use 'shelf' charter

WASHINGTON — Regulators seized five banks in as many states Friday, bringing the 2010 failure total to nine.

Obama to Meet 11 Community Bankers

President Obama is due to meet today with 11 chief executives of community banks, following up on a meeting with the heads of larger institutions last week.

New Mexico Thrift Hit with OTS Order

The significantly undercapitalized Charter Bank in Sante Fe, N.M., must come up with a plan to sell itself if it cannot boost its capital ratios by yearend.

New Buyer Scopes Out Failures in Central States

A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.

Capital Shortage Worsens for New Mexico Bank

Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.

A Onetime Acquirer on Block in New Mexico

The tables have turned on Albuquerque's First State Bancorp. The once-acquisitive company has hired the investment bank KBW to review strategic alternatives ...