Bank failures 23, 24, 25 and 26 of 2010 were consummated Friday evening.
One each in Florida, Maryland, Illinois and Utah.
Three Albuquerque and two other New Mexico banks are reportedly among the more than 600 banks with some problems. The following are from FDIC documents.
The Federal Deposit Insurance Corporation (“FDIC”) has determined that Bank 1st, Albuquerque, New Mexico (“Bank”), is a Significantly Undercapitalized depository institution … [August 31, 2009]
High Desert State Bank, Albuquerque, New Mexico (“Bank”), through its board of directors, having been advised of its right to the issuance and service of a NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices and violations of law and/or regulations alleged to have been committed by the Bank … [June 22, 2009]
Sunrise Bank of Albuquerque, Albuquerque, New Mexico (“Bank”), having been advised of its right to a NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices alleged to have been committed by the Bank … [September 29, 2009]