First New Mexico Bank came to life in Deming in 1962, under its charter name, Deming National Bank. The bank was first located on the corner of Silver Avenue and Pine Street in which Palma’s Italian Grill now resides.
In November of 1973, the bank moved into a new building at our present location on 300 South Gold Avenue.
Our independent home owned bank grew, and we felt to better serve our customers and to expand our operation, we needed to become a state bank. In 1986 we got a state charter and we became FIRST NEW MEXICO BANK. By 1998 we had outgrown our facilities and took on the new modern look it has today.
In May of 1990 we purchased a bank in Silver City which is now First New Mexico Bank of Silver City.
In November of 2001 the bank expanded again when First New Mexico Bank of Las Cruces opened their doors.
We have adopted a simple philosophy: That a successful business operates best with a high level of authority at a low level of responsibility. We call that “The Empowerment of Officers and Staff.” We want each bank to have its own identity and to meet the needs of its unique community, each operating independently.
Our Banking Family continues to grow and expand. We opened the doors of First New Mexico Bank of Hatch on May 28 2007. Later this year First New Mexico Bank of Anthony, New Mexico will be born.
First New Mexico Bank lives by three basic Principles:
- SAFETY for our employees and banks
- SOUNDNESS for our banks’ success and future
- SERVICE to our customers and community
We are proud and work hard to maintain our friendly home town spirit. We want to be an asset to our communities and a place our customers can be proud of and enjoy coming to visit. Without YOU, we would not be here.
We’re proud of our service to the community and our community bank status. If you would like in-depth financial information on First New Mexico Bank, including balance sheet, income statement, performance and condition ratios, or demographic information, please contact us.
Teresa Molina, President
Rosa Perez, Senior Vice President
Kathleen Duran, Vice President
Gloria Herrera, Vice President
Adina Delgado, Assistant Vice President
Kathleen Keene, Assistant Vice President
Martha Ortiz, Assistant Vice President
Frances Russell, Assistant Vice President
Darla Valenzuela, Assistant Vice President
Teresa Sanchez, Assistant Cashier
Check and Cash Cards
Safe Deposit Boxes
High Savings Rates
Interim Construction Loans
Real Estate Loans