Bank failure · HI

Bank USA, N.A. (Kihei, Maui, HI) — failed May 19, 1995

Bank USA, N.A. of Kihei, Maui, Hawaii was closed on May 19, 1995 and resolved through a purchase and assumption (insured deposits). Hawaii National Bank (HI) took over its insured deposits. At failure it held $9.0M in assets and $9.1M in deposits. The FDIC's estimated loss on the failure is $2.6M (28.7% of assets).