Bank Failure
BANK USA, N.A.
Closed May 19, 1995 · KIHEI, MAUI, HI · FDIC Cert #23751.
- Closing date
- May 19, 1995
- Headquarters
- KIHEI, MAUI, HI
- FDIC Certificate
- 23751
- Total assets at closing
- $9,048,000
- Total deposits at closing
- $9,124,000
- Estimated loss to DIF
- $2,593,000
- Resolution type
- other
- Acquirer
- HAWAII NATIONAL BANK (FDIC Cert #4622)
Context
On May 19, 1995, regulators closed BANK USA, N.A., headquartered in KIHEI, MAUI, HI. At closing, the institution held approximately $9,048,000 in assets and $9,124,000 in deposits. The FDIC arranged a resolution under which HAWAII NATIONAL BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $2,593,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1995
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1995-07-28 | PACIFIC HERITAGE BANK | TORRANCE, CA | $147,685,000 |
| 1995-07-28 | FOUNDERS BANK | NEW HAVEN, CT | $77,364,000 |
| 1995-05-05 | AMERICAN S & L ASSOCIATION | NEW YORK, NY | $64,397,000 |
| 1995-04-28 | CONTINENTAL SAVINGS OF AMERICA | SAN FRANCISCO, CA | $359,422,000 |
| 1995-03-31 | LOS ANGELES THRIFT AND LOAN COMPANY | LOS ANGELES, CA | $23,388,000 |
| 1995-03-03 | FIRST TRUST BANK | ONTARIO, CA | $227,695,000 |
| 1995-01-20 | GUARDIAN BANK | LOS ANGELES, CA | $316,944,000 |
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