The most recent annual report, and if applicable, quarterly report, is available for First State Bancorporation 4:07a ET January 30, 2011 (Dow Jones) The most recent annual report, and if applicable, quarterly report, is available for First State Bancorporation First State Bancorporation: The most recent annual report, and if applicable, quarterly report, is available at no fee. To order, visit http://djnewswires.ar.wilink.com/?link=FSNM or call 1-888-301-0513 Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=M6uj%2FnrTuAG0EYF7wJfD8g%3D%3D. You can use this link on the day this article is published and the following day.
First State Bancorporation's Bank Subsidiary Closed by New Mexico Financial Institutions Division
ALBUQUERQUE, N.M., Jan 28, 2011 (BUSINESS WIRE) -- First State Bancorporation (Pink Sheets: FSNM) announced today that its subsidiary bank, First Community Bank, was closed by the New Mexico Financial Institutions Division on January 28, 2011, and the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver. First State Bancorporation (the "Company") is no longer the parent company of First Community Bank (the "Bank"). In a virtually simultaneous transaction, U.S. Bank National Association, assumed the operations and all of the deposits, and purchased essentially all of the assets of the Bank in a loss-share transaction facilitated by the FDIC and will continue to operate the Bank, according to an FDIC news release. Customers of the bank can expect all banking services and activities such as check clearing, ATM access, online banking access and others to continue uninterrupted. Customers who have questions about the foregoing matters, or who would like more information about the closure of the Bank, can visit the FDIC's web site located at http://www.fdic.gov/bank/individual/failed/firstcomm_nm.html, or call the FDIC toll-free at 1-800-450-5417.