# PEOPLES NATIONAL BANK

> **Failed bank** · CALDWELL, TX · failed 1990-06-21 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

PEOPLES NATIONAL BANK of CALDWELL, TX was closed by the OCC on **1990-06-21**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CITIZENS STATE BANK** (SOMERVILLE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2821
- **FDIC Certificate:** 24982
- **FDIC FIN:** 4234
- **Bank name:** PEOPLES NATIONAL BANK
- **Location:** CALDWELL, TX
- **Failure date:** 1990-06-21
- **FDIC resolution date:** 1990-06-21
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $11M
- **Assets at failure:** $10M
- **Acquiring bank:** CITIZENS STATE BANK (SOMERVILLE, TX)

## Other banks CITIZENS STATE BANK has acquired in FDIC resolutions

- CITIZENS STATE BANK (PRINCETON, TX) — failed 1992-12-10 — /failed-bank/3426
- BURLESON COUNTY SAVINGS ASSOC. (CALDWELL, TX) — failed 1991-05-31 — /failed-bank/3120
- FIRST-TAYLOR NATIONAL BANK (TAYLOR, TX) — failed 1990-05-17 — /failed-bank/2766
- FIRST STATE BANK (DEANVILLE, TX) — failed 1989-04-20 — /failed-bank/2356
- CITIZENS STATE BANK (HAYFIELD, MN) — failed 1988-01-27 — /failed-bank/1611
- COMMERCIAL STATE BANK (POCAHONTAS, IA) — failed 1986-06-27 — /failed-bank/1218
- THE FIRST NATIONAL BANK OF GORMAN (GORMAN, TX) — failed 1986-02-27 — /failed-bank/1153

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES NATIONAL BANK (FDIC ID 2821), failed 1990-06-21. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/2821.

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