First National Bank of Chaves County optimistic on deposits
Carole Larson records that within 90 days deposits at the new First National Bank of Chaves County may reach the prior level of Moncor Bank of Roswell. FDIC oversight and a Las Cruces based holding company plan to maintain solid staffing and cautious management after Moncor's collapse and FDIC takeover of bad loans.
MENTIONED IN THIS ARTICLE
John A. Vella
First National Bank of
Chaves County
Frank O. Papen
W.R. Shipp
Randy’ Shipp
First National Bank
Moncor Bank of
Roswell
Moncor Inc
Albuquerque
FDIC
Shipp
Ius
Las Cruces
New Mexico State University At
Rio Grande
First State Bank
Silver City
Papen
Moncor
Dallas
Texas
Ex-bank president cites factor in failure loan participations
A former president of Moncor Bank of Hobbs attributes the failure to loans to other Moncor banks and millions in aid to the holding company. He cites loan participations to borrowers in Artesia Carlsbad Roswell and Ruidoso and says unsafe lending practices were encouraged by top Moncor executives.
MENTIONED IN THIS ARTICLE
HOBBS
Moncor
Monecor Bank of
Artesia
Carlsbad
Roswell
Ruidoso
Hobbs News-Sun
Hobbs Bank
Moncor Inc
Moncor Bank of Hobbs
Moncor Bank of
U.S
Roswell Bank
New Mexico
I*dic
Moncor Real Estate Investment Corp
Ie Reo
Spikes
First West Financial
FDIC
First West Financial Corp
Mike Wood
Midland
Texas
Moncer
First City Financial Corp
News- Sun
Also Mentioned on This Page
Aaron Wilson Photo
New First National Bank
Carole Larson
N. Main St
Federal Deposit Insurance Corp
Bill McCafferty
Mancor Bank of
Michael Patriarca
Vella
Moncor Bank
Walmart
Gail Ford Mills
Ation
Jamie
Jamie Pompadour
Layelle
DuPont Orlon
DuPont
Sandhurst
Skein
Pra
Cheney
Vallale
Anas
Roswell Mall
Ol’ Roy
Valuabz
Was Tod
Ayer
Liam
Cas
Hin. Geen Issue