Feds Gave Santa Fe’s Charter Bank 1 Month To Live
Give it to me straight, doc...
At first glance, it looks like the New Mex’ business editor Bob Quick had an uncharacteristic scoop in yesterday’s paper: Federal regulators have put the smack down on Santa Fe’s own Charter Bank. Quick’s lead, with emphasis by SFR on the soft-pedaling:
Following what appeared to be some problems with its commercial-loan portfolio, at least in the eyes of federal regulators, Charter Bank Santa Fe received an order to “cease and desist” from certain practices from the Office of Thrift Supervision.
Farther down, Quick mentions a Nov. 16 American Banker story that provides some context for regulators’ actions. He does not mention the Nov. 30 story in that trade paper, “New Mexico Thrift Hit with OTS Order,” which was quicker to break the bad news about Charter.*
Loading ...
