About Us
Serving the communities of Socorro & Catron Counties
For decades, First State Bank has proudly served the communities of Socorro and Catron Counties. On a regular basis, FSB contributes generously to our Public Schools, Churches, Local University, County Fair Boards (and participants), and other community based nonprofit organizations. It is common practice for FSB Team Members to support and participate in community events such as school sporting events, County Fairs, American Cancer Society Relay for Life, United Blood Services' Blood Drives, Salvation Army Christmas bell ringing and Holiday parades, just to name a few. While conducting business in a highly technical and professional manner, being a local community bank allows us the opportunity to serve on a more personal level and get to know our customers as friends.
Our mission
It is First State Bank’s mission to provide the highest level of customer satisfaction, and personalized financial solutions through knowledgeable team members, efficient teamwork, and technological advancements while striving for innovative and creative ways to improve procedures and implement products.
Key dates
Among key dates for First State Bank are December 1949, when the bank’s assets reached the million dollar mark; 1956 when the bank moved to its present location on Manzanares Avenue; October 23, 1961 when the Bank Branch was organized in Catron County; October 15, 1993, when First State Bank underwent a massive conversion to an in-house system; July 1, 1997, when the bank celebrated its 50th anniversary; September 2000, when the banks internal computing infrastructure went live as the first of an avalanche of technological updates, including worldwide email and Internet access for all employees; December 2003, Online Banking access to customers; November 2013, entered in the Social Media and Mobile Market Place arena with the introduction of the Big on Mobile Banking Application for SmartPhones. On February 19th, 2019, First State Bank opened its third branch in the Village of Magdalena. This branch serves the Magdalena community, as well as all communities West to the Arizona border.
A Sound Financial Institution
in support of growth & stability for Socorro and the surrounding area
In an age of conglomerate mergers and international high finance, First State Bank has regarded the independent banker as more than a good neighbor. State banks, of which First State Bank is one, are more closely associated with their communities, in part because they are a direct part of those communities. They live in their communities and know their neighbors.
First State Bank is fulfilling a mission of providing a sound financial institution in support of growth and stability for Socorro and the surrounding area. Currently, First State Bank carries over One Hundred Twenty Million dollars in assets and remains dedicated to its community and surrounding area.
