Southwest Capital Bank is thrilled to share significant developments that will enhance our services and strengthen our commitment to you and the New Mexico community. We are proud to announce our intention to join forces with US Eagle Federal Credit Union through an acquisition. This partnership marks an exciting chapter for Southwest Capital Bank and promises expanded opportunities for our valued customers.
US Eagle Federal Credit Union, based in Albuquerque, New Mexico, shares our dedication to local management, local decision-making, and community input. Their operational philosophy closely mirrors Southwest Capital Bank’s long-standing approach. With eleven branches across Albuquerque, Santa Fe, and Farmington, New Mexico, US Eagle FCU will complement our existing locations in Las Vegas, Mora, Pecos, and Albuquerque.
Upon the successful completion of this acquisition, Southwest Capital Bank customers will benefit from an expanded branch network and a wider array of financial products and services. This merger will create new avenues for us to better serve the community and provide even more comprehensive banking solutions. We firmly believe this is a positive step forward for both Southwest Capital Bank and US Eagle Federal Credit Union, and we are enthusiastic about the beneficial impact it will have on the communities we serve.
A Legacy of Local Banking Since 1969
Southwest Capital Bank has been a family-owned institution since 1969, when the Levenson family acquired it. Under their dedicated leadership, the bank has experienced significant growth while maintaining its commitment to community values. We are immensely proud of our achievements and eagerly anticipate a bright future as part of the US Eagle FCU family.
The acquisition is projected to be finalized in the second quarter of 2025 and is subject to regulatory approvals. Until then, Southwest Capital Bank and US Eagle Federal Credit Union will continue to operate independently, ensuring uninterrupted service for all customers. We remain committed to providing the same high level of service you have come to expect from Southwest Capital Bank.
Important Updates: Scam Awareness and FinCEN Regulations
National Slam the Scam Day – March 7th
Protect yourself and your loved ones from Social Security scams! Southwest Capital Bank encourages you to visit our Online Security page, located under the Resources tab on our website, to learn valuable tips and information on how to identify and avoid these scams. Stay informed and stay safe!
Update on Federal Business Registration Requirements (FinCEN BOI)
We understand there has been confusion regarding the federal requirements for businesses to register with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) and Beneficial Ownership Information (BOI). The legal landscape surrounding these requirements has been dynamic. While initially required to be effective January 1, 2025, the requirements were halted on December 23, 2024, by the Fifth Circuit Court of Appeals. Subsequently, the reporting requirements were briefly reinstated before being paused again on December 26, 2024, by the same court.
Currently, businesses are not required to report BOI information. However, due to the ongoing legal proceedings, we strongly advise business owners to stay informed about potential future developments. For the most up-to-date information and any specific questions or concerns, please contact FinCEN directly through the following channels:
- Website: FinCEN Beneficial Ownership Information
- Email: [email protected]
- Phone: 1-800-767-2825
Southwest Capital Bank is dedicated to keeping our business clients informed and prepared amidst evolving regulatory environments.
Your Local New Mexico Banking Partner
Since 1890, Southwest Capital Bank has been deeply rooted in the New Mexico business community. We are proud to serve businesses and entrepreneurs throughout Central and Northern New Mexico with our six convenient branch locations. We are more than just a bank; we are your local partner, committed to helping you achieve your financial goals.
Southwest Capital Bank offers a comprehensive suite of both business and personal banking services, designed to meet your diverse financial needs. Experience the difference of community banking with Southwest Capital Bank. Visit one of our branches or call us today to get started!
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Building Relationships That Matter
At Southwest Capital Bank, we believe that banking is about more than just transactions; it’s about building strong, lasting relationships. Our dedicated team is passionate about serving the local business community and helping you reach your aspirations.
Let’s connect! Visit us at any of our six locations or give us a call at 505.247.7922. We also invite you to connect with us on social media – we’d love to connect with you virtually!
Important Security Reminder
Southwest Capital Bank will never request personal, account, credit card, or Social Security information via email. Please be vigilant and protect yourself from fraudulent emails by being cautious of any email asking for sensitive information. If you are ever uncertain about the legitimacy of an email claiming to be from Southwest Capital Bank, please contact us immediately. Our Customer Support team is available at 505.247.7922, Monday through Friday, from 8:00 am to 5:00 pm.
Connect with Southwest Capital Bank!
Customer Support: 505.247.7922 | Toll Free: 1.800.748.2406 | Email: [email protected]
Thank you for being a valued customer of Southwest Capital Bank. We sincerely appreciate your business and look forward to continuing to serve you.
Sincerely,
J. Chesley “Chez” Steel
CEO
Southwest Capital Bank
