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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Charter Bank, Santa Fe, NM

On Friday, January 22, 2010, Charter Bank, Santa Fe, NM was closed by the Office of Thrift Supervision. The FDIC was named Receiver. Charter Bank, Albuquerque, NM acquired all deposit accounts.

The FDIC as Receiver for Charter Bank, Santa Fe, NM has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 6, 2019 and has made all dividend distributions required by law.

Effective August 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: August 1, 2019


Notice of Intent to Terminate

Publication Date: May 6, 2019

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: CHARTER BANK, ALBUQUERQUE, NM

About Charter Bank, Albuquerque, NM

All deposit accounts, excluding certain brokered deposits, were transferred to Charter Bank, Albuquerque, NM ("assuming institution"). Former Charter Bank, Santa Fe, NM locations reopened as branches of Charter Bank, Albuquerque, NM.

Your transferred deposits were separately insured from any accounts you may have already had at Charter Bank, Albuquerque, NM for at least six months after the failure of Charter Bank, Santa Fe, NM.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Charter Bank, Albuquerque, NM as long as the deposits are not pledged as collateral for loans.

Contacting Beal Bank, SSB

On October 14, 2011, Charter Bank, Albuquerque, NM merged with Beal Bank, SSB.

You can contact Beal Bank, SSB:

Beal Bank, SSB
6000 Legacy Drive
Plano, TX 75024

Beal Bank, SSB (www.bealbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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