Bank Failure
Bank of Honolulu
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Closed October 13, 2000 · Honolulu, HI · FDIC Cert #21029.
- Closing date
- October 13, 2000
- Headquarters
- Honolulu, HI
- FDIC Certificate
- 21029
- Total assets at closing
- $63.9M
- Total deposits at closing
- $59.0M
- Estimated loss to the insurance fund
- $400K
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of the Orient
Context
On October 13, 2000, regulators closed Bank of Honolulu, headquartered in Honolulu, HI. At closing, the institution held approximately $63.9M in assets and $59.0M in deposits. The FDIC record names Bank of the Orient as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $400K.
By assets at closing this is the 1479th largest of the 3,526 bank failures in the FDIC record, and the 4th of 7 in 2000. It falls in the period the record labels Consolidation Calm (1996-2007), a period with 50 failures peaking at 11 in 2002.
Riegle-Neal interstate-banking era. Industry consolidated rapidly via merger; failure counts dropped to single digits per year.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Honolulu fail?
Bank of Honolulu was closed by regulators on October 13, 2000.
Who acquired Bank of Honolulu?
The FDIC record names Bank of the Orient as the acquiring institution in the resolution of Bank of Honolulu.
How big was Bank of Honolulu when it failed?
Bank of Honolulu had approximately $63.9M in total assets and $59.0M in deposits at the time of failure.
Other failures in 2000
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2000 | National State Bank of Metropolis | $90.4M |
| Sep 29, 2000 | Bank of Falkner | $85.5M |
| Jul 14, 2000 | Town & Country Bank of Almelund | $25.9M |
| Jun 2, 2000 | Monument National Bank | $7.9M |
| Mar 10, 2000 | Mutual Federal Savings Bank of Atlanta | $31.5M |
| Jan 14, 2000 | Hartford-Carlisle SB | $105.0M |
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