Bank failure · NM

Charter Bank (Santa Fe, NM) — failed January 22, 2010

Charter Bank of Santa Fe, New Mexico was closed on January 22, 2010 and resolved through a purchase and assumption. Charter Bank (NM) took over its insured deposits. At failure it held $1.2B in assets and $859.9M in deposits. The FDIC's estimated loss on the failure is $127.2M (10.6% of assets).