# PEOPLES FEDERAL S & L ASSOC.

> **Failed bank** · NEW KENSINGTON, PA · failed 1991-03-01 · SL · FDIC cost $2M

## What happened

PEOPLES FEDERAL S & L ASSOC. of NEW KENSINGTON, PA was closed by state regulators on **1991-03-01**. The FDIC was named receiver.

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

Deposits were transferred to **JOHNSTOWN B&TC** (JOHNSTOWN, PA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3025
- **FDIC Certificate:** 29643
- **FDIC FIN:** 7434
- **Bank name:** PEOPLES FEDERAL S & L ASSOC.
- **Location:** NEW KENSINGTON, PA
- **Failure date:** 1991-03-01
- **FDIC resolution date:** 1991-09-06
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $99M
- **Assets at failure:** $108M
- **Acquiring bank:** JOHNSTOWN B&TC (JOHNSTOWN, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20FEDERAL%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FEDERAL S & L ASSOC. (FDIC ID 3025), failed 1991-03-01. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3025.

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