I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
The federal government shut down Albuquerque’s Charter Bank on Friday, KOB reported. It was the first time a New Mexico bank had been seized in 11 years.
The bank has six locations in the Albuquerque metro area and Santa Fe, the TV station reported.
Here’s an excerpt of the KOB story:
The Office of Thrift Supervision and the Federal Deposit Insurance Corporation say the bank does not have enough assets to cover its debt.
The banks failure will cost the FDIC about $200 million.
KOB reported the FDIC as saying New Mexicans who do business with Charter won’t notice any difference. The federal agency said Charter Bank will reopen Monday as usual under the same name.
UPDATED 7:45 p.m. Saturday: The FDIC and Office of Thrift Supervision didn’t shut down the Charter Bank in Alburquerque, as KOB reported. It took over the Charter Bank of Santa Fe. Here’s the FDIC page on the take over.
