Data / Bank failures / 2010 / Charter Bank
Charter Bank, Santa Fe, NM: failed January 22, 2010
Charter Bank in Santa Fe, New Mexico, failed on January 22, 2010. Charter Bank of Albuquerque, NM, took over its deposits. It held $1.20 billion in assets and $859.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $127.2 million (10.6% of its assets). By assets it was the 15th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- January 22, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Charter Bank, Albuquerque, NM
- Total assets
- $1,201,922,000
- Total deposits
- $859,933,000
- Estimated cost to the FDIC
- $127,197,440 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32498
Other bank failures in New Mexico, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Community Bank | Taos | January 28, 2011 | $2.19 billion | $1.85 billion | $230.7 million | U.S. Bank, National Association |
| High Desert State Bank | Albuquerque | June 25, 2010 | $80.3 million | $81 million | $28.4 million | First American Bank |
All bank failures in 2010 · All bank failures in New Mexico · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.