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President's Letter

Greg Garrett, President

Greg Garrett, President

First National Bank Names New President


ALAMOGORDO, NM – December 2nd, 2018 – First National Bank has chosen a veteran banker as its new president.


Greg Garrett, who most recently was the president and CEO of Platinum Bank in Lubbock, TX, takes the reins as bank president on Dec. 1.


He replaces Steve Muell, who remains as CEO of the bank.


“Greg brings more than 35 years of experience in lending and regulatory matters, along with a leadership record in both large and moderate-sized financial institutions,” said Muell. “I look forward to working with him in his new position.”


Garrett began his banking career in 1981 as a credit analyst with the Ford Bank Group at First National Bank of Lubbock. His love of lending, along with his ability to build strong client relationships, led him to being named Senior Vice President of Lending in 1994.


Since then, he held a variety of supervisory and leadership positions. In 2007 he assembled a group of investors, raising $17.5 million in five weeks to acquire a new state charter for Platinum Bank. Greg served as Platinum’s president and CEO for ten years. Under his tenure, Platinum’s capital grew from $17.5 million to over $30 million. 


 “I am very appreciative of the opportunity the board has given me,” Garett said. “I am honored to work with so many loyal and talented team members at First National Bank. I’m very excited about our future and how we will serve our customers and our communities.”


Garrett is a graduate of Lubbock Christian University and the SMU Graduate School of Banking.  He and his wife Nancy have been married for 27 years, and they have two adult children. He enjoys golf and playing card games with the family. He has served on Lubbock Christian University’s Foundation Board and is a Paul Harris Fellow Rotarian.


First National Bank is a full-service community bank headquartered in Alamogordo, NM, serving families, businesses and military service members throughout Otero, Lincoln and Eddy Counties.