# PEOPLES BANK & TRUST COMPANY

> **Failed bank** · HOLDENVILLE, OK · failed 1987-01-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

PEOPLES BANK & TRUST COMPANY of HOLDENVILLE, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $19M
- **Assets at failure:** $20M
- **Acquiring bank:** BANK NATIONAL ASSN (MCALESTER, OK)

## Other banks BANK NATIONAL ASSN has acquired in FDIC resolutions

- CITIZENS STATE BANK (MAUD, OK) — failed 1988-08-18 — /failed-bank/1858
- STILLWATER COMMUNITY BANK (STILLWATER, OK) — failed 1986-10-23 — /failed-bank/1292

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES BANK & TRUST COMPANY (FDIC ID 1351), failed 1987-01-29. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1351.

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