GOLDEN PACIFIC NATIONAL BANK Failed 1985

What happened

GOLDEN PACIFIC NATIONAL BANK of NEW YORK, NY was closed on 1985-06-21. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to HONGKONG&SHANGHAI BK COR (0, 0). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1015

FDIC Certificate

22452

FDIC FIN

5580

Bank name

GOLDEN PACIFIC NATIONAL BANK

Location

NEW YORK, NY

Failure date

1985-06-21

FDIC resolution date

1985-06-21

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$0M

Deposits at failure

$131M

Assets at failure

$146M

Acquiring bank

HONGKONG&SHANGHAI BK COR (0, 0)