# CHARTER BANK

> **Failed bank** · SANTA FE, NM · failed 2010-01-22 · Savings bank · FDIC cost $127M

## What happened

CHARTER BANK of SANTA FE, NM was closed by state regulators on **2010-01-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CHARTER BANK** (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3741
- **FDIC Certificate:** 32498
- **FDIC FIN:** 10175
- **Bank name:** CHARTER BANK
- **Location:** SANTA FE, NM
- **Failure date:** 2010-01-22
- **FDIC resolution date:** 2010-01-22
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $127M
- **Deposits at failure:** $860M
- **Assets at failure:** $1,202M
- **Acquiring bank:** CHARTER BANK (ALBUQUERQUE, NM)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHARTER BANK (FDIC ID 3741), failed 2010-01-22. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3741.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*