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Bank failure · NY

Golden Pacific National Bank (New York, NY) — failed June 21, 1985

Golden Pacific National Bank of New York, New York was closed on June 21, 1985 and resolved through a insured deposit transfer. Hongkong&shanghai Bk Cor (0) took over its insured deposits. At failure it held $146.3M in assets and $131.4M in deposits.

Closing date
June 21, 1985
FDIC certificate #
22452
Resolution
Insured deposit transfer (failure)
Acquiring institution
Hongkong&shanghai Bk Cor
Insurance fund
FDIC

Other failures in 1985

What happens when a bank fails