PEOPLES FS&LA Failed 1988
What happened
PEOPLES FS&LA of ARDMORE, OK was closed on 1988-08-31. The FDIC was named receiver.
Resolution: MGR
Deposits were transferred to RED RIVER FS&LA (LAWTON, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1895
- FDIC Certificate
- 28734
- FDIC FIN
- 1801
- Bank name
- PEOPLES FS&LA
- Location
- ARDMORE, OK
- Failure date
- 1988-08-31
- FDIC resolution date
- 1988-08-31
- Charter type
- SL
- Resolution type
- MGR
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $47M
- Assets at failure
- $50M
- Acquiring bank
- RED RIVER FS&LA (LAWTON, OK)
Other banks RED RIVER FS&LA acquired in FDIC resolutions