The Bank of the Rio Grande, N.A. was originally chartered in April 1985 by Ruidoso Bank Corporation. In January 2012 the Bank was acquired by Strategic Growth Bancorp, a well-capitalized independent Southwestern banking company with board members who are business people also from the Southwest.
The Bank emphasizes strong local management and state-of-the-art technology systems that provide the highest quality service and products for its clients. The Bank has been approved by its regulators to expand statewide and is opening a full service Albuquerque office.
The focus of the Bank of the Rio Grande is on small and medium sized businesses with the technical capability to completely customize customers' banking needs. We fill the void of local community banking in New Mexico left by recent FDIC takeovers and the reduced emphasis in the state by national banks, particularly in business.