# PEOPLES FSB

> **Failed bank** · WOOSTER, OH · failed 1988-10-25 · Savings bank · FDIC cost $33M

## What happened

PEOPLES FSB of WOOSTER, OH was closed by state regulators on **1988-10-25**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **PEOPLES FEDERAL SAVINGS BAN** (WOOSTER, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1967
- **FDIC Certificate:** 28196
- **FDIC FIN:** 1760
- **Bank name:** PEOPLES FSB
- **Location:** WOOSTER, OH
- **Failure date:** 1988-10-25
- **FDIC resolution date:** 1988-10-25
- **Charter type:** Savings bank
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $33M
- **Deposits at failure:** $347M
- **Assets at failure:** $341M
- **Acquiring bank:** PEOPLES FEDERAL SAVINGS BAN (WOOSTER, OH)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FSB (FDIC ID 1967), failed 1988-10-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1967.

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