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Bank Failures

Bid Summary for Charter Bank, Santa Fe, NM

Charter Bank, Santa Fe, NM
Closing Date: January 22, 2010

Failed Bank Information for Charter Bank, Santa Fe, NM

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning Bid and Bidder: 
Charter Bank (a subidiary of Beal Financial Corporation, Plano, TX) Albuquerque, NM
All deposit whole bank with loss share0.00%$(155,431)80%95%N/A80%95%N/ANoNoN/A
Cover (second place): 
Great Southern Bank, Springfield, MO
All deposit modified whole bank with loss share0.00%$(79,500)80%95%N/A80%95%N/ANoNo(1)N/A
Other Bid:All deposit whole bank with loss share0.00%$(175,000)80%95%N/A80%95%N/ANoYesN/A


(1) Bid excluded certain loans.

Other Bidder Names & Locations:

First-Citizens Bank & Trust Company

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: December 22, 2021