On Friday, January 28, 2011, First Community Bank was closed by the New Mexico Financial Institutions Division. The FDIC was named Receiver. U.S. Bank, National Association (N.A.), Cincinnati, OH acquired all deposit accounts, excluding the Cede & Co. deposits.
The FDIC as Receiver for First Community Bank, Taos, NM has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 1, 2023 and has made all dividend distributions required by law.
Effective November 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Balance Sheet
Dividend Information
Beware of Scams
If you are concerned about becoming a victim of fraud, be advised that you will not receive any communication from the FDIC requesting any private information. Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating they are acting on behalf of First Community Bank, U.S. Bank, National Association (N.A.), or the FDIC. The FDIC, however, will encourage you to correspond with us via the FDIC Claims Portal, a secure web portal.
TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank
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