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FNB New Mexico closes Community 1st Bank Las Vegas branch deal

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FNB New Mexico closes Community 1st Bank Las Vegas branch deal

Clayton, N.M.-based FNB New Mexico completed the acquisition of certain assets and assumption of certain liabilities of Las Vegas-based Community 1st Bank Las Vegas' Santa Rosa, N.M., branch.

Craig Reeves, president and CEO of Union BancShares Inc., parent of FNB New Mexico, confirmed to S&P Global Market Intelligence that the deal closed in July.

FNB New Mexico reported total assets of $220.2 million on Sept. 30. Community 1st Bank, a unit of FNB Financial Corp., had total assets of $119.6 million as of Sept. 30.