Western Bank
FDIC #16720
📍 Artesia, New Mexico
Western Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 08/02/1948. With assets of $307.71 Million, it operates 1 domestic branches.
Customer Reviews
1 ★
Based on 1 ratings
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★☆☆☆☆ Kerry J
June 16, 2021
I would not recommend Western bank in Artesia. Someone inside their bank (employee/teller) was giving out [-] person banking information. When I asked [-] Bank President [-] [-], [-] dismissed [-] concern. I ended up closing [-] account after approximately 7 years. So disappointed.
Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2019
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 1, 2019
Satisfactory
January 1, 2014
Satisfactory
August 1, 2008
Satisfactory
💰 Financial Strength
Total Assets$307.71 Million
Total Deposits$285.57 Million
Equity Capital$20.58 Million
Net Income$6.90 Million
📈 Performance
ROA2.80%
ROE46.03%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established08/02/1948
FDIC Cert16720
Holding CoWestern Bancshares Of Nm,inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2006
Relocation
Moved HQ to: 320 West Texas Avenue, Artesia, NM 88210.
1992
Name Change
Name became: Changed Institution Name To Western Bank.
1980
Name Change
Name became: Changed Institution Name To Peoples State Bank.