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Bank Failure #7 of 2010: Charter Bank, Santa Fe, New Mexico

Friday, January 22, 2010 - 8:05 PM
From the FDIC
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.
This is the Charter Bank that had been offering the nationwide reward checking account. A few months ago the rate had plummeted. This explains why the rate fell.
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Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
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