How to name beneficiaries and fund a trust at New Mexico Bank & Trust
Covers 8 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Brand change
The New Mexico Bank & Trust brand no longer exists. UMB Financial Corporation completed its acquisition of Heartland Financial USA (HTLF) on January 31, 2025, and announced on October 16, 2025 that the systems and brand conversion was finished — all former HTLF divisional banks, including New Mexico Bank & Trust, now operate as UMB Bank, N.A. The nmb-t.com website is dead and there is no New Mexico Bank & Trust phone number to call. Deposit accounts, CDs, IRAs, and POD designations are administered by UMB Bank: call UMB at 800-699-8702, or visit a New Mexico UMB branch. Trust and estate matters go to UMB Private Wealth Management — the Albuquerque Private Wealth Management Center at 320 Gold Ave SW, Suite 200 (800-545-6101), or UMB's trust and estate line at 800-862-6670. Effective October 2025.
New Mexico Bank & Trust is now part of UMB Bank. The procedures below reflect New Mexico Bank & Trust's accounts during the transition. View the UMB Bank estate planning page.
UMB Bank Customer Service (successor to New Mexico Bank & Trust)
UMB Bank, Albuquerque Main Branch, 320 Gold SW, Albuquerque, NM 87102
UMB Private Wealth Management — Trust and Estate Planning
UMB Bank, Albuquerque Private Wealth Management Center, 320 Gold Ave SW, Suite 200, Albuquerque, NM 87102
UMB Bank Customer Service (no separate deceased-account claims department is published)
UMB Bank, Albuquerque Main Branch, 320 Gold SW, Albuquerque, NM 87102
Estate planning for your New Mexico Bank & Trust accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
New Mexico Bank & Trust has 12 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
- Full legal name
- Date of birth
- Social Security number
- Relationship to the account holder
- Percentage allocation if you are naming more than one beneficiary
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- New designations are made on UMB Bank forms — the NM Bank & Trust brand is retired
- A POD direction can be placed on an individual account OR a joint account (UMB Deposit Account Agreement IV.A.5)
- The POD beneficiary is not an owner and has no access while the account holder is alive; the beneficiary does not need to be present
- A POD beneficiary designation overrides what the will says about that account
- A POD is not a substitute for retitling to a trust — if the trust is the intended owner, retitle instead
Sources
Data sourced from New Mexico Bank & Trust primary sources (14 pages reviewed). How we research.
Download these New Mexico Bank & Trust instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against New Mexico Bank & Trust primary sources. Bring it to the branch or keep it beside the phone.
UMB Bank Customer Service (successor to New Mexico Bank & Trust)
UMB Bank, Albuquerque Main Branch, 320 Gold SW, Albuquerque, NM 87102
UMB Private Wealth Management — Trust and Estate Planning
UMB Bank, Albuquerque Private Wealth Management Center, 320 Gold Ave SW, Suite 200, Albuquerque, NM 87102
UMB Bank Customer Service (no separate deceased-account claims department is published)
UMB Bank, Albuquerque Main Branch, 320 Gold SW, Albuquerque, NM 87102
Estate planning articles
Learn how to protect your New Mexico Bank & Trust accounts and other assets with trusts, beneficiary designations, and estate planning documents.
