Exciting News for Our Customers

Important and exciting news about the future of Bank of the Southwest! We have entered into an agreement to be acquired by GECU Federal Credit Union, an organization that shares our mission, our community values, and our longstanding dedication to serving our customers. This acquisition is subject to approval by the National Credit Union Administration (NCUA), the New Mexico Financial Institutions Division, and the Federal Deposit Insurance Corporation (FDIC), and other closing conditions. This move represents a significant step forward in our mission to serve our customers and communities with even greater dedication.

Our commitment has always been to support our communities and help all New Mexicans improve their financial well-being. This change will allow us to enhance our deposit, personal, and commercial lending services, while being able to introduce even more opportunities to help achieve your financial goals.

We want to assure you that there will be no immediate changes to your accounts or services.

All Bank of the Southwest branches will remain open, and our employees will continue to serve you with the same level of care and professionalism you expect. Your accounts, online banking access, and services will remain the same for now. You will continue to work with the same teams you know and trust.

As we move forward, our priority is to make this transition as seamless as possible. We will communicate clearly and proactively, providing updates in advance of any changes. This partnership will allow us to strengthen our community presence and offer expanded products and services in the future.

Thank you for your loyalty to Bank of the Southwest. We value your trust and look forward to continuing to serve youalongside GECU.

If you have any questions, please visit this page for the latest information. We will have a section for Frequently Asked Questions that will be updated from time to time.

Sincerely,

Bank of the Southwest