PEOPLES FSA Failed 1991
What happened
PEOPLES FSA of OTTUMWA, IA was closed on 1991-11-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SOUTH OTTUMWA SB (OTTUMWA, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3238
- FDIC Certificate
- 28295
- FDIC FIN
- 2191
- Bank name
- PEOPLES FSA
- Location
- OTTUMWA, IA
- Failure date
- 1991-11-22
- FDIC resolution date
- 1992-03-20
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $34M
- Assets at failure
- $34M
- Acquiring bank
- SOUTH OTTUMWA SB (OTTUMWA, IA)