CHARTER SAVINGS & LOAN Failed 1990
What happened
CHARTER SAVINGS & LOAN of STAMFORD, CT was closed on 1990-06-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREENWICH FS&LA (GREENWICH, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2837
- FDIC Certificate
- 32214
- FDIC FIN
- 7330
- Bank name
- CHARTER SAVINGS & LOAN
- Location
- STAMFORD, CT
- Failure date
- 1990-06-29
- FDIC resolution date
- 1991-06-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $56M
- Deposits at failure
- $83M
- Assets at failure
- $103M
- Acquiring bank
- GREENWICH FS&LA (GREENWICH, CT)