# PEOPLES FS & LA OF THIBODAUX

> **Failed bank** · THIBODAUX, LA · failed 1989-03-16 · SL · FDIC cost $7M

## What happened

PEOPLES FS & LA OF THIBODAUX of THIBODAUX, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $21M
- **Assets at failure:** $20M
- **Acquiring bank:** FIRST INTERSTATE BK OF SO. (THIBODAUX, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20FS%20%26%20LA%20OF%20THIBODAUX

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FS & LA OF THIBODAUX (FDIC ID 2258), failed 1989-03-16. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/2258.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*