Bank Branches › Closed and merged banks › California › Charter Savings Bank
What happened to Charter Savings Bank?
Charter Savings Bank in Newport Beach, CA (earlier called Orange Coast Savings and Loan Association) failed, and Charter Savings Bank, F.S.B. of Newport Beach, CA took it over on Jun 15, 1990. After 4 more changes of hands, what was Charter Savings Bank is today part of Citibank, National Association (Sioux Falls, SD).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1978Orange Coast Savings and Loan Association opens in Newport Beach, CA
- Dec 31, 1985renamed Charter Savings Bank
- Jun 15, 1990FAILEDCharter Savings Bank failed, and Charter Savings Bank, F.S.B. of Newport Beach, CA took it over.FDIC certificate 31924 ends; its business continues under certificate 33087.
- Dec 7, 1990RESOLVEDCharter Savings Bank, F.S.B. of Newport Beach, CA was closed in a federal resolution, and its business passed to Pacific Heritage Bank of Torrance, CA.FDIC certificate 33087 ends; its business continues under certificate 23319.
- Jul 28, 1995FAILEDPacific Heritage Bank of Torrance, CA failed, and California Federal Bank, A FSB of San Francisco, CA took it over.FDIC certificate 23319 ends; its business continues under certificate 30278.
- Nov 13, 2002MERGEDCalifornia Federal Bank, A FSB (by then renamed California Federal Bank) of San Francisco, CA merged into Citibank (West), FSB of San Francisco, CA.FDIC certificate 30278 ends; its business continues under certificate 57443.
- Oct 1, 2006MERGEDCitibank (West), FSB (by then renamed West, National Association) of San Francisco, CA merged into Citibank, National Association of Sioux Falls, SD.FDIC certificate 57443 ends; its business continues under certificate 7213.
- TodayOPEN
Citibank, National AssociationMain office Sioux Falls, SD · FDIC certificate 7213 · 667 offices in 14 states on June 30, 2026Every Citibank, National Association office → Website on file with the FDIC: www.citibank.com
If you still have something from Charter Savings Bank
A lien that was never released
Charter Savings Bank failed on Jun 15, 1990, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Citibank, National Association as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Charter Savings Bank, F.S.B.). Start with Citibank, National Association, and ask them to search under the name Charter Savings Bank.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Citibank, National Association. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into Charter Savings Bank
1 bank merged directly into this charter.
| Bank | Ended |
|---|---|
| Merit Savings BankLos Angeles, CA | Aug 31, 1988 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 31924 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.