State Coverage: New Mexico
New Buyer Scopes Out Failures in Central States
American Banker | Nov 19A 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
American Banker | Nov 04Credit 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
American Banker | Aug 07The tables have turned on Albuquerque's First State Bancorp. The once-acquisitive company has hired the investment bank KBW to review strategic alternatives ...
Loss Means Branch Sale Won't Lift Capital After All
American Banker | May 07First State Bancorp. in Albuquerque was well on its way to satisfying regulators' capital requirements when it ran into another setback.
First State of N.M. Breathing Easier After Branch Deal
American Banker | Mar 13With the pending sale of its Colorado branches, the pressure to raise capital is off for First State Bancorp. in Albuquerque, but it still must contend with rising problem loans.
First State of N.M. Selling its Colorado Branches
American Banker | Mar 12Under regulatory pressure to raise capital, First State Bancorp. in Albuquerque is selling its Colorado branches to Great Western Bank in Watertown, S.D.
Frequent New Mexico Buyer Mulls Other Side of a Deal
American Banker | Oct 08Analysts say First State Bancorp., a longtime active buyer, could be positioning itself to sell, and the company's chief executive was not discouraging the notion...
New Mexico Bank Closing Its Utah Branches
American Banker | Jul 09First State Bancorp. in Albuquerque plans to close its two Utah branches by Oct. 31 in an effort to strengthen its capital position and help it weather the economic downturn.
Dallas Bank Moving into New Mexico
American Banker | May 20Southwest Securities of Dallas is expanding into southern New Mexico. The banking unit of the $5.3 billion-asset SWS Group recruited a team of experienced bankers to establish ...
4Q Earnings: Thornburg - Hybrid ARM Resets to Boost '07 Net
American Banker | Jan 25Thornburg Mortgage Inc. expects this year's profits to reach the high end of analysts' estimates, which ranged from $2 to $2.40 a share, as billions of dollars of hybrid adjustable-rate mortgages reset.
Heartland Sees Interior West as Bonanza
American Banker | Nov 08Two years ago Heartland Financial USA Inc. in Dubuque, Iowa, laid out an ambitious plan: to double its assets every five to seven years.
Washington Federal Lands N.M. Deal
American Banker | Oct 12Analysts said Washington Federal Inc.’s deal to buy First Federal Banc of the Southwest Inc. is a good use of surplus capital that should give the Seattle thrift company’s net interest margin a lift.
1st State of N.M. Has New Deal
American Banker | Oct 06Continuing with its plan to bulk up in fast-growing markets in the West, First State Bancorp of Albuquerque has struck a deal that would nearly double its branch network in Colorado's Front Range.
Zions Tries a Different Approach for Ore. Entry
Start-up to specialize in small businesses; following Wash. model
American Banker | Feb 02
The acquisitive Zions Bancorp. is trying something different in Oregon: a start-up bank.
N.M.'s First State Not Done After 2 Deals in 3 Days
American Banker | Sep 16First State Bancorp of Albuquerque has a simple growth strategy: beef up in and around its hometown and establish itself in other fast-growing markets of the Southwest.
