By BILL ATKINSON

BRISTOL, Va. -- Cecil R. McCullar, president and chief executive of Charter Federal Savings Bank, sat behind his office desk on the afternoon of last July 9 anxiously awaiting the phone call that would save the troubled thrift.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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