Data / Bank failures / 1985 / Golden Pacific National Bank
Golden Pacific National Bank, New York, NY: failed June 21, 1985
Golden Pacific National Bank in New York, New York, failed on June 21, 1985. HONGKONG&SHANGHAI BK Cor took over its deposits. It held $146.3 million in assets and $131.4 million in deposits at its last report. By assets it was the 38th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- June 21, 1985
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- HONGKONG&SHANGHAI BK Cor
- Total assets
- $146,254,000
- Total deposits
- $131,418,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 22452
Other bank failures in New York, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Central National Bank of New York | New York | September 11, 1987 | $180.8 million | $174.7 million | $58.7 million | |
| Syracuse Savings Bank (assistance) | Syracuse | May 13, 1987 | $1.18 billion | $1.10 billion | Syracuse Savings Bank | |
| Home Savings Bank (assistance) | White Plains | December 31, 1985 | $413.9 million | $405 million | $5.7 million | Home Savings Bank |
| Bowery Savings Bank (assistance) | New York | October 1, 1985 | $5.28 billion | $5.00 billion | $334.5 million | Bowery Savings Bank |
| The First National Bank of Rockland | Ramapo | September 13, 1985 | $29.5 million | $25.3 million | First NB of Highland | |
| Flushing FS&LA (assistance) | Flushing | July 19, 1985 | $527.7 million | $524.9 million | $22.9 million | Long Island Savings Bank F |
| Suburbia FS&LA (assistance) | Garden City | October 1, 1984 | $660.2 million | $630.8 million | $16 million | Fidelity New York FA |
| Century FS&LA (assistance) | Cedarhurst | August 10, 1984 | $651.7 million | $724.5 million | $6.5 million | Home Savings of America FA |
All bank failures in 1985 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.