多宝游戏下载

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Bank Failures

Failed Bank Information for Bank of Honolulu, Honolulu, HI

Information for Bank of Honolulu, Honolulu, HI

  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Receivership Termination

I. Introduction

On October 13, 2000, Bank of Honolulu was closed by the State of Hawaii Department of Commerce and Consumer Affairs, and the Federal Deposit Insurance Corporation (多宝游戏下载) was named Receiver. As Receiver, the 多宝游戏下载 is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The 多宝游戏下载, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.


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II. Press Release

The 多宝游戏下载 has issued a press release about the institution's closure. If you represent a media outlet and would like information about the closure, please contact the 多宝游戏下载 Public Affairs Office at (202) 898-6993.


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III. Acquiring Financial Institution

All insured deposit accounts were transferred to Bank of the Orient, Honolulu, HI and were available as usual during regular business hours at the former Bank of Honolulu branches. You may contact Bank of the Orient at:

Bank of the Orient
233 Sansome Street
San Francisco, CA 94104
Phone: (808) 543-3700


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IV. Priority of Claims

The dividend process is complete. In accordance with Federal law, allowed claims are paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders


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V. Dividend Information



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VI. Receivership Termination

The 多宝游戏下载 as Receiver for Bank of Honolulu has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership in The Honolulu Advertiser on February 13, 2003.

The Receiver has made all dividend distributions required by law.

Effective March 25, 2005, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.


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General Disclaimer

Last Updated: March 17, 2005