First State Bancorporation (First State) is a New Mexico-based bank holding company, which provides a variety of banking services to businesses, individuals, and local governments through its subsidiary bank, First Community Bank, (the Bank). The Bank serves a diverse group of small to medium size businesses, individuals and local governmental entities, and provides conventional commercial loans to established commercial businesses. It offers a range of financial services to the customers, including checking accounts, on-line banking, short and medium term loans, revolving credit facilities, inventory and accounts receivable financing, equipment financing, residential and commercial construction lending, residential mortgage loans, various savings programs, installment and personal loans, and safe deposit services.