PEOPLES S & L ASSOC. Failed 1989
What happened
PEOPLES S & L ASSOC. of PARSONS, KS was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to PARSONS COMMERCIAL BANK (NONE, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2137
- FDIC Certificate
- 27864
- FDIC FIN
- 6981
- Bank name
- PEOPLES S & L ASSOC.
- Location
- PARSONS, KS
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-05-04
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $71M
- Assets at failure
- $84M
- Acquiring bank
- PARSONS COMMERCIAL BANK (NONE, KS)
Other banks PARSONS COMMERCIAL BANK acquired in FDIC resolutions