# PEOPLES BANK

> **Failed bank** · HEWITT, TX · failed 1991-06-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

PEOPLES BANK of HEWITT, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- COVE STATE BANK (COPPERAS COVE, TX) — failed 1990-04-19 — /failed-bank/2729

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES BANK (FDIC ID 3127), failed 1991-06-13. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/3127.

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