Bank failure · HI
Federal Finance & Mortgage, Ltd (Honolulu, HI) — failed December 13, 1991
Federal Finance & Mortgage, Ltd of Honolulu, Hawaii was closed on December 13, 1991 and resolved through a insured deposit transfer. First Hawaiian Credit Corp, (HI) took over its insured deposits. At failure it held $7.7M in assets and $7.4M in deposits. The FDIC's estimated loss on the failure is $878K (11.4% of assets).
- Closing date
- December 13, 1991
- FDIC certificate #
- 26241
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Hawaiian Credit Corp,
- Insurance fund
- BIF
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