Bank of New Mexico

The Bank of New Mexico was established on June 16, 1947, originally named Grants State Bank. In 1949, it underwent significant changes, becoming a state-chartered bank and withdrawing from the Federal Reserve System, while also changing its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). On July 1, 2014, the institution changed its name to Bank of New Mexico. The bank's main office was relocated to 824 West Santa Fe Avenue in Grants, New Mexico, on January 1, 1991. The Bank of New Mexico ultimately merged with Tbk Bank, Ssb on September 8, 2018, and thereafter ceased to operate as an independent entity.

Below is a list of some important events in banks history, including mergers and acquisitions.

1947-06-16Institution established. Original name: Grants State Bank.

1949-04-28Institution withdraws from membership in the Federal Reserve System.

1949-04-28Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1949-04-28Changed Primary Federal Regulatory Agency to FDIC.

1991-01-01Main Office moved to 824 West Santa Fe Avenue, Grants, NM 87020.

2014-07-01Changed Institution Name to Bank of New Mexico.

2018-09-08Merged and became part of Tbk Bank, Ssb (23498) in Dallas, TX.