# PEOPLES S & L ASSOC.

> **Failed bank** · PARSONS, KS · failed 1989-03-02 · SL · FDIC cost $14M

## What happened

PEOPLES S & L ASSOC. of PARSONS, KS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $71M
- **Assets at failure:** $84M
- **Acquiring bank:** PARSONS COMMERCIAL BANK (NONE, KS)

## Other banks PARSONS COMMERCIAL BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK AT OSWEGO (OSWEGO, KS) — failed 1989-05-18 — /failed-bank/2373

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES S & L ASSOC. (FDIC ID 2137), failed 1989-03-02. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2137.

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