Charter Bank, Santa Fe - Retail/Wholesale, Commercial and Warehouse
The following is excerpted from a 2010-01-26 article in National Mortgage News (subscription):
Charter Bank, Santa Fe was the seventh bank failure for 2010 and "the first in New Mexico since 1999" according to an article in New Mexico Business Weekly. In addition to residential single family mortgages, Charter Bank offered multifamily, commercial and construction loans. They were also a warehouse lender.
Most of the company's 250 employees were expected to be retained. The bank reopened 2010-01-25 as Charter Bank, Albuquerque -- a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.