Five bank failures today. Two of the five had more than $1 billion in assets.
That’s 9 so far in 2010.
One of today’s banks was nearby.
Charter Bank, Santa Fe, New Mexico, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas, to assume all of the deposits of Charter Bank.
It has been nearly 11 years since a New Mexico bank failed.