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Home > Company Index > Banking > Banking - Southwest > First State Bancorporation

First State Bancorporation
Nasdaq: FSNM
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 PROFILE
First State Bancorporation is the holding company for First State Bank of Taos, which operates nearly 20 branches throughout New Mexico. Founded in 1922, the bank targets individuals and small to midsized businesses disenchanted with national banking institutions and their impersonal nature. It provides community-oriented retail services like checking and savings accounts, money market accounts, and CDs, as well as credit cards. Lending activities include residential mortgages and also commercial, consumer, construction, and lease financing loans. First State has an eye toward expansion in the Albuquerque and Santa Fe markets, where nearly half of its branches are located.

 COMPETITION
BOK Financial Corporation (BOKF)
Bank of America Corporation (BAC)
Wells Fargo & Company (WFC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 59.90
1-Yr. Sales Growth: 22.2%
Employees: 260
Revenue per employee: $230,384.62

 KEY PEOPLE
• Michael R. Stanford
    CEO
• Brian C. Reinhardt
    CFO

 CONTACT INFO
7900 Jefferson NE
Albuquerque, NM 87109
US
Phone: 505-241-7500
Fax: 505-241-7124
Online: Web Site

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