BRISTOL, Va. -- Charter Federal Savings Bank earned $9.6 million, or $2.09 a share, for its fiscal year ended June 30, compared with a $36 million loss for the same time a year ago.

The loss in 1993 was primarily due to the writeoff of about $41 million in goodwill.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.