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You are here: Home / From Curtis / No Place is Immune from the Difficult Economic Times We Are In, Even the Napa Valley as State Regulators Close Charter Oak Bank

No Place is Immune from the Difficult Economic Times We Are In, Even the Napa Valley as State Regulators Close Charter Oak Bank

February 20, 2011 by Curtis Van Carter Leave a Comment

Living in the Napa Valley, one can easily become lost in its charm and lose track of all the events that are taking place elsewhere in the United Sates and the world, for it is a true enclave we live in here. As I sit in my office and look outside at the vineyards surrounding Domaine Chandon, the brilliant sunlight reflecting off the lingering frost from a very chilly night, it is easy to think you are close to heaven. But, then an article in our local paper, The Napa Register, sure brings reality of the times back into focus.

The headline read, “Regulators shut down Charter Oak Bank“. Here are some paragraphs from the story:

State regulators closed Charter Oak Bank on Friday evening and appointed the Federal Deposit Insurance Corp. as receiver. 

“Charter Oak Bank was declared insolvent at 5:05 p.m. today,” Edith Gray, spokeswoman with the FDIC said Friday, as she stood outside the bank’s Trancas Street office.

On Friday afternoon, more than 60 FDIC representatives wearing FDIC name tags and carting large plastic cases entered Charter Oak Bank to process the transition. FDIC staff will be matched with former Charter Oak bank employees to help complete the transition, Gray said.

I truly appreciate living here but one of the most important things to remember, we are all fortunate in many ways and how vital it is to live the present and be thankful for what we have. Carpe Diem

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Filed Under: From Curtis, Napa Valley Tagged With: Curtis Van Carter, Napa Valley

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

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6600 Yount Street #34 , Yountville

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Photo of 1986 Yountville Cross Road, Yountville, CA 94599 (MLS # 21807003)

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Photo of 1906 Oak Circle, Yountville, CA 94599 (MLS # 21808364)

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  • Home size: 1,666 sq ft
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  • 3 beds
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Photo of 216 Vista Court, Yountville, CA 94599 (MLS # 21809429)

216 Vista Court , Yountville

  • Home size: 1,224 sq ft
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previous
  • Photo of 1522 Yountville Cross Road, Yountville, CA 94599 (MLS # 21722381)

    1522 Yountville Cross Road , Yountville

    Home size: 2,105 sq ft Lot size: 43,560 sqft Year built: 1960

    Listing provided by , Gates Estates Sotheby's International Realty

    3 beds 2 baths $1,989,000

  • Photo of 6600 Yount Street #34, Yountville, CA 94599 (MLS # 21802160)

    6600 Yount Street #34 , Yountville

    Home size: 1,050 sq ft Lot size: 871 sqft Year built: 1990

    Listing provided by , Coldwell Banker B of V-Napa

    2 beds 2 baths $725,000

  • Photo of 1986 Yountville Cross Road, Yountville, CA 94599 (MLS # 21807003)

    1986 Yountville Cross Road , Yountville

    Home size: 1,646 sq ft Year built: 1982

    Listing provided by , Portofino Realty Advisors

    2 beds 2 baths $799,500

  • Photo of 1906 Oak Circle, Yountville, CA 94599 (MLS # 21808364)

    1906 Oak Circle , Yountville

    Home size: 1,666 sq ft Lot size: 6,098 sqft Year built: 1982

    Listing provided by , Gates Estates Sotheby's International Realty

    3 beds 2 baths $1,879,000

  • Photo of 216 Vista Court, Yountville, CA 94599 (MLS # 21809429)

    216 Vista Court , Yountville

    Home size: 1,224 sq ft Lot size: 1,742 sqft Year built: 1979

    Listing provided by , Pacific Union International

    3 beds 2 baths $3,849

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