#First Citizens Bank & Trust Co.

Land Board to Again Take Up Naniloa Debts

The Board of Land and Natural Resources is scheduled to discuss the resort’s failure to make another lease payment and to restore its performance bond.

Land Board Orders Naniloa to Restore $1 Million Bond

The Board of Land and Natural Resources took the action because of the hotel’s 2012 default on lease payments.

Naniloa Staves Off Foreclosure With Bankruptcy Filing

The filing in US Bankruptcy Court in Honolulu came minutes before a judge was to rule on a motion to appoint a receiver to take control of the resort.

Naniloa Resort Hit With Foreclosure Action

The bank holding the mortgage said the hotel owes $9.9 million in principal and interest on what was originally a $10 million loan.