These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in New Mexico. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in New Mexico, Largest Multifamily Books First
15 of 15 qualifying banks are headquartered in New Mexico. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in NM | Contact |
|---|---|---|---|---|---|
| 1 | Citizens Bank of Las Cruces | $105m | 20.8% | 8 | Contact available |
| 2 | Pioneer Bank | $46m | 14.5% | 11 | Contact available |
| 3 | First American Bank (New Mexico) | $39m | 6.3% | 17 | Contact available |
| 4 | CNB Bank (New Mexico) | $30m | 9.4% | 3 | Contact available |
| 5 | Century Bank | $29m | 12.1% | 9 | Contact available |
| 6 | Four Corners Community Bank | $24m | 12.8% | 4 | Contact available |
| 7 | The Citizens Bank of Clovis | $22m | 22.2% | 5 | Contact available |
| 8 | The James Polk Stone Community Bank | $20m | 32.0% | 8 | Contact available |
| 9 | First New Mexico Bank of Silver City | $13m | 23.5% | 4 | — |
| 10 | First New Mexico Bank Las Cruces | $9m | 14.5% | 3 | Contact available |
| 11 | Southwest Capital Bank | $8m | 6.5% | 6 | Contact available |
| 12 | Bank of the Southwest | $7m | 15.4% | 13 | Contact available |
| 13 | Community 1st Bank Las Vegas | $4m | 8.2% | 4 | Contact available |
| 14 | The Bank of Clovis | $3m | 15.1% | 7 | Contact available |
| 15 | First State Bank | $69,000 | 11.8% | 4 | — |
National Lenders With Branches in New Mexico
25 of 25 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in NM | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 9 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 54 | Contact available |
| 3 | PNC Real Estate | $14.98bn | 40.8% | 12 | Contact available |
| 4 | US Bank | $14.46bn | 34.7% | 21 | Contact available |
| 5 | Bank of America | $8.46bn | 15.3% | 16 | Contact available |
| 6 | WaFd Bank | $4.65bn | 51.3% | 18 | Contact available |
| 7 | Amegy Bank | $3.56bn | 23.7% | 1 | Contact available |
| 8 | BMO Bank | $3.16bn | 15.3% | 20 | Contact available |
| 9 | First Citizens Bank | $2.97bn | 13.5% | 2 | Contact available |
| 10 | Sunflower Bank | $2.61bn | 63.3% | 9 | Contact available |
| 11 | Bank of Albuquerque | $2.05bn | 27.1% | 13 | Contact available |
| 12 | UMB Bank | $1.72bn | 16.1% | 21 | Contact available |
| 13 | Busey Bank | $1.09bn | 21.6% | 2 | Contact available |
| 14 | Enterprise Bank & Trust | $384m | 10.2% | 6 | Contact available |
| 15 | United Business Bank | $346m | 27.4% | 5 | Contact available |
| 16 | Community Banks of Colorado | $300m | 10.5% | 4 | Contact available |
| 17 | Bank of Colorado | $286m | 11.3% | 2 | Contact available |
| 18 | WestStar Bank | $266m | 18.3% | 1 | Contact available |
| 19 | City Bank | $230m | 15.6% | 1 | Contact available |
| 20 | First National Bank Texas | $199m | 20.9% | 19 | Contact available |
| 21 | TBK Bank (Triumph) | $146m | 21.6% | 2 | Contact available |
| 22 | First Savings Bank | $139m | 21.3% | 7 | Contact available |
| 23 | Southwest Heritage Bank | $47m | 11.6% | 2 | Contact available |
| 24 | Capra Bank | $25m | 11.7% | 2 | Contact available |
| 25 | The First National Bank in Trinidad | $2m | 9.7% | 1 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 40 banks qualified in New Mexico. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 38 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in New Mexico. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in New Mexico from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in New Mexico from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.