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First New Mexico Bank
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Summary
location iconSilver City, New Mexico
company sizeCompany size: 11-50

First New Mexico Bank’s roots in the community run deep. Chartered in Grant County in 1983 as First State Bank, the charter was bought by First New Mexico Financial Corporation in 1990, and First New Mexico Bank of Silver City was born. The bank has retained its local charter to this day instead of becoming a branch of another bank, keeping with its philosophy of true community banking. The Bank accepts deposits and makes loans.

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Commercial Banks
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First New Mexico Bank - Recent News & Articles

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Apr 12, 2024
How FedNow is Shaping Payments Since its Groundbreaking Launch

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a sign...

Source: Finextra
Apr 5, 2024
Bank deposits are back above pre-SVB levels. Regional lenders still have problems.

Banks have now regained all deposits they lost following the collapse of Silicon Valley Bank. But that doesn't solve many of the problems still faced ...

Source: Yahoo
Mar 13, 2024
Visualizing Major U.S. Banks by Commercial Real Estate Exposure

The six largest U.S. banks saw delinquent commercial property loans nearly triple to $9.3 billion in 2023 amid high vacancy rates and increasing borro...

Mar 13, 2024
Goldman Sachs Aims for $300 Billion Private Credit Portfolio

Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portf...

Source: PYMNTS
Mar 11, 2024
Powell warns commercial real estate woes will lead to bank failures: ‘This is a problem that we’ll be working on for years’

Federal Reserve Chair Jerome Powell joined a chorus of US officials who have argued that mounting bad commercial real estate loans will likely cause s...

Source: Fortune
Mar 7, 2024
Why private equity has been involved in every recent bank deal

The $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming to the need of a...

Source: CNBC
Feb 16, 2024
Hindenburg’s latest short target Temenos rejects allegations as share price tumbles

Temenos shares were down over 6% on Friday after closing over 28% lower on Thursday. The Swiss software company said its board of directors “fundament...

Source: CNBC
Jan 31, 2024
New York Community Bancorp’s stock crushed on surprise loss, dividend cut and cost of two loans

New York Community Bancorp Inc.’s stock lost more than a third of its value Wednesday in its steepest one-day drop ever, after it posted a surprise lo...

Source: MarketWatch
Jan 6, 2024
Is private credit a systemic risk?

Back in November, UBS chair Colm Kelleher predicted that the next financial crisis would happen in shadow banking — delightfully infuriating Apollo’s ...

Nov 11, 2023
China’s ICBC, the world’s biggest bank, hit by cyberattack that reportedly disrupted Treasury markets

The U.S. financial services division of Chinese bank ICBC was hit by a cyberattack that reportedly affected the trade of U.S. Treasurys. ICBC, the wor...

Source: CNBC