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 ...

Loss Means Branch Sale Won't Lift Capital After All

First 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

With 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

Under 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

Analysts 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

First 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

Southwest 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

Thornburg 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

Two years ago Heartland Financial USA Inc. in Dubuque, Iowa, laid out an ambitious plan: to double its assets every five to seven years.