FEDERAL FINANCE & MORTGAGE, LTD Failed 1991

HONOLULU, HI · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FEDERAL FINANCE & MORTGAGE, LTD of HONOLULU, HI was closed on 1991-12-13. The FDIC was named receiver.

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

Deposits were transferred to FIRST HAWAIIAN CREDIT CORP, (HONOLULU, HI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3248
FDIC Certificate
26241
FDIC FIN
4435
Bank name
FEDERAL FINANCE & MORTGAGE, LTD
Location
HONOLULU, HI
Failure date
1991-12-13
FDIC resolution date
1991-12-13
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$1M
Deposits at failure
$7M
Assets at failure
$8M
Acquiring bank
FIRST HAWAIIAN CREDIT CORP, (HONOLULU, HI)