# PEOPLES FEDERAL SAVINGS BANK

> **Failed bank** · BAY ST. LOUIS, MS · failed 1991-02-08 · SL · FDIC cost $2M

## What happened

PEOPLES FEDERAL SAVINGS BANK of BAY ST. LOUIS, MS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $54M
- **Assets at failure:** $60M
- **Acquiring bank:** HANCOCK BANK (GULFPORT, MS)

## Other banks HANCOCK BANK has acquired in FDIC resolutions

- PEOPLES FIRST COMMUNITY BANK (PANAMA CITY, FL) — failed 2009-12-18 — /failed-bank/3731
- GUARANTY NATIONAL BANK (TALLAHASSEE, FL) — failed 2004-03-12 — /failed-bank/3550

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FEDERAL SAVINGS BANK (FDIC ID 3014), failed 1991-02-08. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3014.

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