|Storefronts > Canal Street > 241 Canal St|
old bank building
© 2008 Robert K. Chin.
(185 centre) block 208 lot 19
Built in 1983 by Golden Pacific National Bank [taiwanese]. Bank went insolvent 2 years later after the Office of Comptroller of Currency discovered fraudulent activity involving certificates of deposits. Depositors lose $17million. claims of racism were leveled against the FDIC for not extending insurance coverage to certain accounts.
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