Ruidoso bank closed after insolvency declared
First National Bank of Lincoln County in Ruidoso was declared insolvent by the U S Comptroller of the Currency and closed with FDIC named as receiver Deposits totaling about 27 million in 2700 accounts were insured up to 100000 per account uninsured funds to be shared with the FDIC in asset liquidations The failure marked Moncor Inc three banks to fail this year and followed large withdrawals.
MENTIONED IN THIS ARTICLE
Ruidoso
First National Bank of
Lincoln County
Nowpeninel Moncer Inc
U.S. Comptroller of Currency
Federal Deposit Insurance Corp
Ruidoso Bank
Steve Katsanos
FDIC
Katsanos
Moncor
Moncor Bank of
Hobbs
Roswell
H. Joe Selby
Somperetlor of Currency
Dean DeBuck
Washington
DeBuck
First National Bank of Lincoln Sel
Moncor Inc
Albuquerque Federal Savings and Loan Association
Richard G. Elkins
Albuquerque Federal
Carlsbad
Rio Rancho
New Mexico
U.S
Lea County Commission
Roswellson
New Mexico Eyes Multibillion Dollar Atom Smasher Bid
Albuquerque reports supporters push to woo a $4 billion Superconducting Super Collider project to New Mexico. Officials seek up to $500,000 to craft a formal proposal as a 12 member panel evaluates sites near Deming Las Cruces and east of Albuquerque. Local advocates argue for jobs prestige and economic growth while DOE cautions states act at their own risk.
MENTIONED IN THIS ARTICLE
Albuquerque
New Mexico
Bob Gold
State Economic Development and Tourism Department
Illinois
California
Science and Technology Oversight Committee
Deming
Las
Cruces
U.S. Department of Energy
DOE
John Herrington
Manuel Lujan
R-N.m
Fech Seeks U S Move From Canada Over Investment Rules
Canadian investor Fech recounts moving investments to the United States after rejecting Canada’s foreign ownership limits and higher taxes. He details hardships obtaining U S citizenship, selling Canadian land, and choosing New Mexico cattle ranching for milder winters and heat resistance. He praises U S education and the Future Farmers of America program.
MENTIONED IN THIS ARTICLE
United States
Fech
Canada
Fedh
New Mexico
Future Farmers of America
Teen killed in Farmington area car bus crash
A 17 year old, David B Giovanini of Gobernador NM, died when his ice slick car collided with a Northwest Pipeline Company bus on US 64 about 42 miles east of Farmington. Five others were injured, including the bus driver Jimmy Jackson 42 of Farmington. Two hospitalized at San Juan Regional Medical Center.
MENTIONED IN THIS ARTICLE
Farmington
New Mexico
David B. Giovanini
Gobernador
N.M
U.S. 64
Giovanini
Francke says trial may solve issues in NM prison reform
State Corrections Secretary Michael Francke says a federal court order to improve conditions at the New Mexico penitentiary is used to challenge his department s management prerogatives. He fears the consent decree will drive a trial over compliance in the Duran vs Anaya lawsuit and criticizes double celling as a cost saving measure increasing tensions in inmate housing.
MENTIONED IN THIS ARTICLE
Albuquerque
Michael Francke
New Mexico
Francke
Corrections Department
U.S
Juan Burciaga
Dwight Duran
Bruce King
Toney Anaya
Also Mentioned on This Page
Daily Record
Lujan
Anaya
Santa FE
Hugh Hallgren
St. Vincent Hospital
Hospital Equipment Loan Council
Robert A. Garcia
Robert Smith Jr
Lovington
Osteopathic Examiners Board
Elizabeth J. Kucharoff
Occupational Therapy Licensing Board
Judith Duran
Ms. Kocharoff
Joe Castelow
Dorothy Hall
Santa Teresa
Catelow
American Federation of Teachers
Arizona
Arkansas
Taos County
Associated Press
Taos
Raynaldo Cordova
Arroyo Seco
Cordova
KAFB
Air Force Weapons Laboratory
Kirtland Air Force Base
Reagan
Arthur Guenther
Air Force
Guenther
Kirtland
Gallup
Gallup (Ap
Gallup Fire Department
R.A
Keogh
MAY, Taylor & Company
Gilbert May
Richard Taylor Certified Public Accountants
625 Petroleum Building
New Mexico Correctional Association
Onery CO
WN. Richardson
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