Valley National Bank Espanola New Mexico

Do you have money in this place?

Valley National Bank, Espanola New Mexico was founded in 1964.  The company is on the problem bank list.  The Texas ratio is 89%.

Assets are $317MM,with equity of $32MM.

The problem loan portfolio is $40MM.

I guess having $40MM in problem loans with $32MM in equity is a problem.

This bank is insolvent.

It is probably time to start thinking about closing this thing down.

Take a look at the website, the won’t post the financial statements or tell you who the CEO is.

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