The First National Bank of Silver City: A Pillar of New Mexico Banking for Over a Century

Nestled in the heart of southwestern New Mexico, the First National Bank of Silver City has been a bedrock of the local community for more than 125 years. Founded in 1892 during the silver mining boom, the bank has weathered economic storms, witnessed countless changes, and played a pivotal role in shaping the economic landscape of the region.

A Legacy of Stability and Growth

From its humble beginnings in a tent on Bullard Street, the First National Bank has grown into a thriving institution with a presence in Silver City, Deming, and Las Cruces. With over $500 million in assets, the bank stands as a testament to financial stability and responsible banking practices.

Throughout its history, the First National Bank has played a vital role in supporting local businesses, farmers, and homeowners. It has extended credit during economic downturns, helped fund community development projects, and provided financial literacy programs to its customers.

Committed to the Community

As a community bank, the First National Bank is deeply invested in the well-being of Silver City and its surrounding areas. The bank supports numerous local charities, organizations, and events, including:

• Silver City MainStreet Project: Promoting economic development and historic preservation in downtown Silver City
• Silver City Arts and Culture District: Supporting the local arts community
• Western New Mexico University: Providing scholarships and funding for academic programs

Innovative Products and Services

While preserving its long-standing traditions, the First National Bank has also embraced innovation to meet the changing needs of its customers. The bank offers a wide range of products and services, including:

• Digital banking: Online and mobile banking platforms for convenient account management
• Remote deposit capture: Secure deposit of checks via smartphone app
• Small business loans: Customized financing solutions for entrepreneurs and small business owners
• Investment services: Wealth management advice and investment planning

Exceptional Customer Service

The First National Bank prides itself on its exceptional customer service. Its experienced and knowledgeable staff is dedicated to providing personalized attention to each and every account holder. The bank believes that strong relationships are the foundation of successful banking.

Why First National Bank of Silver City Matters

The First National Bank of Silver City matters because it:

• Strengthens the local economy: Provides financial support to businesses and individuals, driving economic growth
• Creates jobs: Employs over 100 people in the community
• Supports community initiatives: Invests in local organizations and projects that enhance the quality of life
• Preserves history: Serves as a reminder of the rich history of Silver City and the surrounding region

Benefits of Banking with First National Bank of Silver City

By choosing to bank with the First National Bank of Silver City, you can enjoy:

• Local decision-making: Banking decisions are made locally, ensuring that your money is invested in the community
• Personalized service: One-on-one interactions with friendly and knowledgeable staff
• Competitive rates: Competitive interest rates on savings accounts and loans
• Convenience: Multiple branch locations and easy-to-use digital banking tools

Stories & Lessons

Story 1: The Silver City Savings Club

In the early 1900s, the First National Bank launched the Silver City Savings Club to encourage thrift among local residents. The club allowed members to deposit small amounts of money into their savings accounts on a regular basis. In 1908, the club members collectively saved over $10,000, demonstrating the power of saving and the bank's commitment to financial literacy.

Lesson: Small, consistent savings can add up to significant wealth over time.

Story 2: The Great Depression

During the Great Depression of the 1930s, the First National Bank played a vital role in preventing economic collapse in Silver City. The bank provided loans to businesses and farmers, helped negotiate debt payments, and prevented foreclosures. Its actions preserved the financial stability of the community during a tumultuous time.

Lesson: Community banks are essential for economic resilience during times of crisis.

Story 3: The Silver City Mining Strike

In 1983, the silver mines in Silver City closed their doors, leading to widespread unemployment and economic hardship. The First National Bank responded by providing loans to displaced workers, helping them start new businesses and find alternative sources of income. The bank's support helped mitigate the impact of the mine closures.

Lesson: Banks can play a crucial role in fostering economic recovery and resilience.

Tables

Table 1: Financial Performance (2022 Year-End)

Table 2: Branch Locations

Table 3: Products and Services

FAQs

Q: Is the First National Bank of Silver City FDIC-insured?
A: Yes, all deposits at the First National Bank of Silver City are FDIC-insured up to $250,000.

Q: What are the bank's hours of operation?
A: The bank's main branch in Silver City is open Monday-Friday from 9:00 AM to 5:00 PM. The Deming and Las Cruces branches have slightly different hours.

Q: Does the bank offer free checking accounts?
A: Yes, the First National Bank offers a free basic checking account with no minimum balance requirement.

Q: Can I open an account online?
A: Yes, you can open an account online through the bank's website.

Q: What is the bank's routing number?
A: The routing number for the First National Bank of Silver City is 102201766.

Q: Does the bank offer mobile banking?
A: Yes, the bank offers a mobile banking app that allows you to manage your accounts, deposit checks, and make payments.

Call to Action

If you are looking for a reliable, locally-owned bank that is committed to the Silver City community, consider opening an account at the First National Bank of Silver City. With its exceptional customer service, competitive rates, and wide range of products and services, the First National Bank is the perfect choice for your banking needs.

Contact Information

First National Bank of Silver City
110 W Broadway
Silver City, NM 88061
(575) 388-4401
[email protected]