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New Mexico Bank Facts, Financials, News and Rates

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  • About New Mexico:
    New Mexico has 54 banks headquartered within its borders. The number of bank branches located in NM is 512.
  • New Mexico banks have a combined asset size of $20 Billion. Because of this asset size, NM ranks 45th in the U.S. for banking size.
  • Of the banks in New Mexico, the one with the largest asset size is Vectra Bank Colorado. Vectra Bank Colorado has 12.54 % of the bank assets for that state - a total asset size of $56 Billion.
  • There are 4,972 people employed full-time at the 54 banks headquartered in New Mexico.
  • Banks in live auctions competing for your deposits can get you a higher yield than the average APY normally available in New Mexico. The average APY in New Mexico for a 12 month bank CD is 0.74 %, while the overnight auction rate at MoneyAisle for the same product was 1.70 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in New Mexico!

New Mexico Banks - Fast Facts

  • Banks HQ in NM: 54
  • Number of NM Branches: 512
  • Average Branch Deposit Size: $44 Million
  • NM HQ Banks Employ : 4,972 full-time employees
  • NM HQ Banks Assets: $20 Billion
  • Biggest Bank HQ in NM (Assets): Vectra Bank Colorado
  • Smallest Bank HQ in NM (Assets): DSRM National Bank
  • % of US Bank Assets: 0.15 %

Data from FDIC as of 3/31/2009

Banks Headquartered in New Mexico

(Largest Banks by Asset Size)

Banks with Branches in New Mexico

(Largest Banks by Asset Size)

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Recent National Live Auction CD Rates
for March 20, 2010

Term National Avg APY* Overnight
Auction APY†
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.26%
1 Year CD Rates 0.69% 1.70%
2 Year CD Rates 1.16% 2.06%

More National CD Rates

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")