PEOPLES FS & LA OF THIBODAUX Failed 1989
What happened
PEOPLES FS & LA OF THIBODAUX of THIBODAUX, LA was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST INTERSTATE BK OF SO. (THIBODAUX, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2258
- FDIC Certificate
- 31825
- FDIC FIN
- 6993
- Bank name
- PEOPLES FS & LA OF THIBODAUX
- Location
- THIBODAUX, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-05-11
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $21M
- Assets at failure
- $20M
- Acquiring bank
- FIRST INTERSTATE BK OF SO. (THIBODAUX, LA)