# THE PEOPLES STATE BANK & TRUST CO

> **Failed bank** · ELLINWOOD, KS · failed 1988-01-07 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

THE PEOPLES STATE BANK & TRUST CO of ELLINWOOD, KS was closed by regulators on **1988-01-07**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **THE PEOPLES STATE BANK & TR** (ELLINWOOD, KS). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1595
- **FDIC Certificate:** 12133
- **FDIC FIN:** 1947
- **Bank name:** THE PEOPLES STATE BANK & TRUST CO
- **Location:** ELLINWOOD, KS
- **Failure date:** 1988-01-07
- **FDIC resolution date:** 1988-01-07
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $40M
- **Assets at failure:** $37M
- **Acquiring bank:** THE PEOPLES STATE BANK & TR (ELLINWOOD, KS)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE PEOPLES STATE BANK & TRUST CO (FDIC ID 1595), failed 1988-01-07. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/1595.

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