Charter Bank, headquartered in Santa Fe, New Mexico, served the banking, mortgage and insurance interests of its clients in the New Mexico area. Charter offered strong rates and service on products such as CDs, auto loans, and mortgages. In January 2010, Charter Bank failed and was seized, and its $1.2 billion in assets, $850 million in deposits, and eight branches were sold to Beal Financial Corporation with help from the Federal Deposit Insurance Corporation (FDIC). On June 8, 2011, Beal Financial sold Charter Bank to Washington Federal Bank of Seattle, Washington.
Though consumers in New Mexico lost a community bank, Washington Federal continues to serve the Santa Fe community with a wide variety of financial products. These include savings and checking accounts, IRAs, and certificates of deposit (CDs). Additionally, Washington Federal is a mortgage lender.
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