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Charter Bank Appoints Vice President

Albuquerque, N.M. (10/13/05) Charter Bank has appointed Mary Ann McKee to the position of vice president. McKee joined Charter Bank as the retail banking manager for the Charter Bank branch offices in Albuquerque and Santa Fe and has over 27 years experience in banking and pharmacy operations. Most recently, she was the director of pharmacy operations at Express Scripts, Inc.; vice president and regional manager for Recover Management and vice president district administrator and operations manager for Bank of America. McKee is a graduate of Banking Operations, University of Wisconsin and attended Notre Dame College. She has held leadership positions in Financial Women International and the New Mexico Banker's Association.

"Ms. McKee's proven ability in both banking and other industries to effectively develop improvement efficiencies and guarantee quality processes will make her a valuable asset to our staff," said Shirley Scott, executive vice president and COO of Charter Bank. "That experience, coupled with her knowledge of motivational management, will provide the best service to Charter customers."

About Charter
Locally owned and operated, Charter provides a diverse range of financial services, including retail banking, residential/commercial mortgage and insurance. It combines the capabilities, resources and product range of larger banks with the local decision making, market knowledge and customer service of a community bank. Founded in 1976, it is the sixth largest financial institution in New Mexico, with six branches in Santa Fe and Albuquerque and lending offices across New Mexico and Idaho. Charter leads the state in residential mortgage approval, funding and servicing. The company is also one of the largest commercial loan originators in New Mexico.

For details, contact:
Susan Millspaugh
1-800-370-3345

www.charterco.com

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