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NM banks cash in on Permania

Businesses in and out of the Permian Basin have felt the effects of Permania, including New Mexico’s banks and credit unions.

Jay Jenkins, president of the Carlsbad National Bank was a panelist for Business First’s Energy Outlook in November about how businesses are capitalizing on the oil and gas boom. He also shared some thoughts with how it directly affected operations at his bank in 2018.

“Oil and gas has directly and indirectly driven positive results for our operations. It has produced…

Source: The Business Journal

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