PEOPLES BANK & TRUST COMPANY Failed 1987
What happened
PEOPLES BANK & TRUST COMPANY of HOLDENVILLE, OK was closed on 1987-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK NATIONAL ASSN (MCALESTER, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1351
- FDIC Certificate
- 19522
- FDIC FIN
- 2637
- Bank name
- PEOPLES BANK & TRUST COMPANY
- Location
- HOLDENVILLE, OK
- Failure date
- 1987-01-29
- FDIC resolution date
- 1987-01-29
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $19M
- Assets at failure
- $20M
- Acquiring bank
- BANK NATIONAL ASSN (MCALESTER, OK)
Other banks BANK NATIONAL ASSN acquired in FDIC resolutions