PEOPLES S&LA Failed 1988
What happened
PEOPLES S&LA of OWANTONNA, MN was closed on 1988-08-26. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to METROPOLITAN FED BK FSB (FARGO, ND). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1887
- FDIC Certificate
- 31295
- FDIC FIN
- 1741
- Bank name
- PEOPLES S&LA
- Location
- OWANTONNA, MN
- Failure date
- 1988-08-26
- FDIC resolution date
- 1988-08-26
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $36M
- Deposits at failure
- $204M
- Assets at failure
- $211M
- Acquiring bank
- METROPOLITAN FED BK FSB (FARGO, ND)
Other banks METROPOLITAN FED BK FSB acquired in FDIC resolutions