First New Mexico Bank

Organ Mountains

What's New?

COVID-19 Updates:

We hope that you, our wonderful neighbors and friends, are staying healthy amidst everything that is going on around us. The developing details we learn about COVID-19 can feel daunting, but we urge you to take hold of the ways our community can be safely supporting each other, even from a distance.  We're here for you. Let us know how we can help!

Take Extra Care - Do Not Share Any Sensitive Information

During this time, please take extra caution when dealing with individuals that you do not know, whether it’s over the phone, text messages, e-mail, or social media.  Click here to learn about COVID-19 Scams and how to keep any sensitive or confidential information safe from fraudsters and scammers!

Fewer Coins in Circulation

The COVID-19 pandemic has significantly disrupted the supply chain and normal circulation patterns for U.S. coin.  In the past few months, coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees.  While there is adequate coin in the economy,  the slowed pace of circulation has meant that sufficient quantities of coin are not readily available where needed.  With establishments like retail shops, bank branches and laundromats closed, the typical places where coin enters our society has slowed or even stopped the normal circulation of coin.  Federal Reserve coin orders from depository institutions have begun to increase as regions reopen, resulting in the Federal Reserve’s coin inventory being reduced to below normal levels. The Federal Reserve is working on several fronts to mitigate the effects of low coin inventories.

Have some extra coin you would like to exchange for cash? Bring it by the bank and we would be happy to exchange it for you!


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