American Bankers Mutual Insurance Ltd. (ABMI), the reinsurer for the insurance program co-endorsed by the American Bankers Association (ABA) and New Mexico Bankers Association (NMBA), declared a $3.8 million annual distribution to be shared by qualified ABA member banks insured through ABA Insurance Services, a member of Great IN MEMORIAM Long-Time New Mexico Banker Bill Archibeck Passes Away at 87 American Insurance Group. New Mexico banks collectively received $26,661 as a part of the distribution. This is the 35th consecutive year that the industry’s leading professional liability and bond insurance provider has declared distributions to eligible ABA member banks, bringing the total to $104.6 million since the program’s inception, ABA member banks that purchase their directors and officers (D&O), bond, cyber, property & casualty (P&C) and related insurances from this program are eligible to receive a distribution. “This year’s distribution and the nearly $105 million that’s been returned to participating banks since the program’s inception is a testament to the durability of this partnership,” said Gary Hemmer, chairman of American Bankers Mutual Insurance Ltd. and chairman of the board of First National Bank of Waterloo in Waterloo, Illinois. “We remain committed to expanding member benefits and supporting banks with high-quality insurance and risk solutions.” To receive a distribution, a bank must have been a member of ABA and have eligible D&O, and/or cyber insurance with ABA Insurance Services by January 15, 2025. Distribution payments are in process. he helped countless local businesses secure the support they needed to grow. Well-respected in the business community, Bill was known for his honesty, professionalism and friendly working relationships. He was also deeply committed to civil life. Bill was active in the Hispano Chamber of Commerce, the Albuquerque Convention and Visitors Bureau, and was a longtime member of the Kiwanis Club of Albuquerque. He served the Kiwanis in many roles — board member, club president and lieutenant governor — always striving to make service meaningful and fun. Bill is survived by his loving wife of 64 years, Mary Ellen “Ellie” Archibeck, and his three daughters. Bill Archibeck passed away on May 26, 2025. He was born on September 22, 1937, in Albuquerque. A proud native son, Bill deeply loved his hometown and its people. He spent the majority of his life in Albuquerque, raising a family, working hard, serving his community and making hundreds of friends along the way. Bill spent 36 years in banking, first with First National Bank of Albuquerque and later with First Community Bank, where New Mexico Banks Receive $26,661 in Distributions from American Bankers Mutual Insurance Ltd. 26
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