PEOPLES FEDERAL SAVINGS BANK Failed 1991
What happened
PEOPLES FEDERAL SAVINGS BANK of BAY ST. LOUIS, MS was closed on 1991-02-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HANCOCK BANK (GULFPORT, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3014
- FDIC Certificate
- 29946
- FDIC FIN
- 7399
- Bank name
- PEOPLES FEDERAL SAVINGS BANK
- Location
- BAY ST. LOUIS, MS
- Failure date
- 1991-02-08
- FDIC resolution date
- 1991-08-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $54M
- Assets at failure
- $60M
- Acquiring bank
- HANCOCK BANK (GULFPORT, MS)
Other banks HANCOCK BANK acquired in FDIC resolutions