Business Briefs 2/3
Clovis woman named realtor leader
Gayla Brumfield of Clovis has been elected 2004 President of the REALTORS Association of New Mexico.
Brumfield has been an active member of the Clovis Board of REALTORS, RANM and the National Association of REALTORS since 1978. During that time she has served as chairperson of every committee of the Clovis Board of REALTORS, as well as president in 1985/86 and 1997. Her involvement with RANM has included committee involvement and regional vice president, with a seat on the board of directors.
She was named to the New Mexico Real Estate Commission in 1990 by Gov. Bruce King and served as president of the commission in 1993 and 1996.
Bank announces acquisition/merger
Clovis-headquartered First Bank announced an agreement Friday to acquire two branches from Matrix Capital Bank in Las Cruces.
The acquisition is subject to regulatory approval and is expected to be completed in about 90 days. The terms of the acquisition, a cash transaction, were not disclosed. Deposits of the two Las Cruces branches to be acquired totaled about $84 million and loans to be transferred totaled about $25 million.
If the acquisition is approved, the new branches will operate under the name AccessBank.
Don Padgett, president and CEO of First Bank, said the bank, at 801 Pile St., is the only statewide banking institution headquartered in Clovis. First Bank currently has offices in Clovis, Albuquerque, Gallup and Portales, he said.
First Bank is a wholly owned subsidiary of Access Anytime BanCorp. Inc. of Albuquerque. Matrix Capital Bank is a wholly owned subsidiary of Matrix BanCorp Inc. of Denver.