# DE VARGAS S&LA BANK

> **Failed bank** · SANTA FE, NM · failed 1986-09-11 · SL · FDIC cost $3M

## What happened

DE VARGAS S&LA BANK of SANTA FE, NM was closed by state regulators on **1986-09-11**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CHARTER BANK FOR SAVINGS FS** (SANTA FE, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1273
- **FDIC Certificate:** 31615
- **FDIC FIN:** 1695
- **Bank name:** DE VARGAS S&LA BANK
- **Location:** SANTA FE, NM
- **Failure date:** 1986-09-11
- **FDIC resolution date:** 1986-09-11
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $17M
- **Assets at failure:** $19M
- **Acquiring bank:** CHARTER BANK FOR SAVINGS FS (SANTA FE, NM)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=DE%20VARGAS%20S%26LA%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DE VARGAS S&LA BANK (FDIC ID 1273), failed 1986-09-11. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/failed-bank/1273.

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