Capital Shortage Worsens for N.M. Bank

Fajt, Marissa
November 2009
American Banker;11/4/2009, Vol. 174 Issue 200, p3
Trade Publication
The article reports that credit has continued to decline at First State Bancorporation in Albuquerque, New Mexico in the third quarter by over 50 million dollars. According to the article, First State's chief operating officer, H. Patrick Dee, believes the bank unit needs to increase its capital by 70 million dollars. The company's options with Keefe Bruyette & Woods Incorporated, First State's investment bank, are discussed.


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