BANK USA, N.A. Failed 1995

What happened

BANK USA, N.A. of KIHEI, MAUI, HI was closed on 1995-05-19. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to HAWAII NATIONAL BANK (HONOLULU, HI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3503

FDIC Certificate

23751

FDIC FIN

4622

Bank name

BANK USA, N.A.

Location

KIHEI, MAUI, HI

Failure date

1995-05-19

FDIC resolution date

1995-05-19

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$3M

Deposits at failure

$9M

Assets at failure

$9M

Acquiring bank

HAWAII NATIONAL BANK (HONOLULU, HI)