# PAN AMERICAN NATIONAL BANK

> **Failed bank** · UNION CITY, NJ · failed 1983-03-18 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

PAN AMERICAN NATIONAL BANK of UNION CITY, NJ was closed by the OCC on **1983-03-18**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **HUDSON UNITED BANK** (UNION CITY, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 763
- **FDIC Certificate:** 20461
- **FDIC FIN:** 2339
- **Bank name:** PAN AMERICAN NATIONAL BANK
- **Location:** UNION CITY, NJ
- **Failure date:** 1983-03-18
- **FDIC resolution date:** 1983-03-18
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $36M
- **Assets at failure:** $37M
- **Acquiring bank:** HUDSON UNITED BANK (UNION CITY, NJ)

## Other banks HUDSON UNITED BANK has acquired in FDIC resolutions

- CONNECTICUT BANK OF COMMERCE (STAMFORD, CT) — failed 2002-06-26 — /failed-bank/3541
- BROADWAY BANK (PATERSON, NJ) — failed 1992-03-13 — /failed-bank/3287
- IRVING SAVINGS & LOAN (PATERSON, NJ) — failed 1991-01-18 — /failed-bank/2993

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PAN%20AMERICAN%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PAN AMERICAN NATIONAL BANK (FDIC ID 763), failed 1983-03-18. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/763.

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