PEOPLES SAVINGS ASSOC. Failed 1989
What happened
PEOPLES SAVINGS ASSOC. of ST. JOSEPH, MI was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES SB (ST. JOSEPH, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2177
- FDIC Certificate
- 27812
- FDIC FIN
- 6951
- Bank name
- PEOPLES SAVINGS ASSOC.
- Location
- ST. JOSEPH, MI
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-02-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $109M
- Assets at failure
- $107M
- Acquiring bank
- PEOPLES SB (ST. JOSEPH, MI)