PEOPLES BANK Failed 1991
What happened
PEOPLES BANK of HEWITT, TX was closed on 1991-06-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE NATIONAL BANK OF GATESV (GATESVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3127
- FDIC Certificate
- 23039
- FDIC FIN
- 4368
- Bank name
- PEOPLES BANK
- Location
- HEWITT, TX
- Failure date
- 1991-06-13
- FDIC resolution date
- 1991-06-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- THE NATIONAL BANK OF GATESV (GATESVILLE, TX)
Other banks THE NATIONAL BANK OF GATESV acquired in FDIC resolutions