# CHARTER SAVINGS & LOAN

> **Failed bank** · STAMFORD, CT · failed 1990-06-29 · SL · FDIC cost $56M

## What happened

CHARTER SAVINGS & LOAN of STAMFORD, CT was closed by state regulators 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
- **Estimated FDIC DIF cost:** $56M
- **Deposits at failure:** $83M
- **Assets at failure:** $103M
- **Acquiring bank:** GREENWICH FS&LA (GREENWICH, CT)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CHARTER%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHARTER SAVINGS & LOAN (FDIC ID 2837), failed 1990-06-29. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2837.

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