# PEOPLES STATE BANK

> **Failed bank** · DALLAS, TX · failed 1990-12-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

PEOPLES STATE BANK of DALLAS, TX was closed by regulators on **1990-12-14**. The FDIC was named receiver.

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

Deposits were transferred to **COMERICA BANK - TEXAS** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2966
- **FDIC Certificate:** 23104
- **FDIC FIN:** 4306
- **Bank name:** PEOPLES STATE BANK
- **Location:** DALLAS, TX
- **Failure date:** 1990-12-14
- **FDIC resolution date:** 1990-12-14
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $31M
- **Assets at failure:** $30M
- **Acquiring bank:** COMERICA BANK - TEXAS (DALLAS, TX)

## Other banks COMERICA BANK - TEXAS has acquired in FDIC resolutions

- LONE STAR NATIONAL BANK (DALLAS, TX) — failed 1990-11-02 — /failed-bank/2930
- CONTINENTAL BANK (DALLAS, TX) — failed 1990-07-26 — /failed-bank/2854
- RICHARDSON NATIONAL BANK (RICHARDSON, TX) — failed 1990-05-03 — /failed-bank/2746
- COMMONWEALTH BANK (ARLINGTON, TX) — failed 1989-10-05 — /failed-bank/2519

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES STATE BANK (FDIC ID 2966), failed 1990-12-14. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2966.

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