PEOPLES FS&LA Failed 1988
What happened
PEOPLES FS&LA of WATERLOO, IA was closed on 1988-03-11. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to STATESMAN BANK FOR SVG FSB (WATERLOO, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1648
- FDIC Certificate
- 30818
- FDIC FIN
- 1724
- Bank name
- PEOPLES FS&LA
- Location
- WATERLOO, IA
- Failure date
- 1988-03-11
- FDIC resolution date
- 1988-03-11
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $139M
- Assets at failure
- $151M
- Acquiring bank
- STATESMAN BANK FOR SVG FSB (WATERLOO, IA)
Other banks STATESMAN BANK FOR SVG FSB acquired in FDIC resolutions