First American Bank
First American Bank is the largest independent community bank serving New Mexico and El Paso, Texas, with 22 locations across 14 communities. Founded in 1903 as The First National Bank of Artesia, the bank has maintained continuous operation for over 120 years. The bank offers comprehensive financial services including savings accounts, checking, loans, credit/debit cards, and digital banking solutions.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by First American Bank unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (10 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First American Bank ranks #151 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First American Bank’s 7(a) acquisition lending falls in the $0-$500K range: 4 loans, 40.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 4 | 40.0% | |
| $500K-$1M | 3 | 30.0% | |
| $2M-$3M | 2 | 20.0% | |
| $3M-$4M | 1 | 10.0% |
Industries with highest loan volume
Poultry and Poultry Product Merchant Wholesalers
1
loans
$1.0M
avg. amount
Commercial Printing (except Screen and Books)
1
loans
$2.5M
avg. amount
Machine Shops
1
loans
$2.5M
avg. amount
Hardware Retailers
1
loans
$836K
avg. amount
Roofing Contractors
1
loans
$3.6M
avg. amount
Offices of Real Estate Agents and Brokers
1
loans
$492K
avg. amount
Flooring Contractors
1
loans
$280K
avg. amount
Gift, Novelty, and Souvenir Retailers
1
loans
$791K
avg. amount
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$468K
avg. amount
Residential Remodelers
1
loans
$413K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
First American Bank’s median variable rate is + 0.49%, against a market median of Prime + 1.88%, 139 below market.
2 of the 10 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.75% |
| $500K-$1M | Prime + 0.25% |
| $2M-$3M | Prime + 0.18% |
| $3M-$4M | Prime + 0.57% |
over at time of loan origination
First American Bank has originated 7(a) acquisition loans in 4 states, most actively in Illinois (7), New Mexico (1) and Texas (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Illinois | 7 | 70.0% |
| New Mexico | 1 | 10.0% |
| Texas | 1 | 10.0% |
| Wisconsin | 1 | 10.0% |
Claim this profile to manage your information, respond to reviews, and access analytics.