# PEOPLES FSA

> **Failed bank** · OTTUMWA, IA · failed 1991-11-22 · Savings bank · FDIC cost $1M

## What happened

PEOPLES FSA of OTTUMWA, IA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $34M
- **Assets at failure:** $34M
- **Acquiring bank:** SOUTH OTTUMWA SB (OTTUMWA, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FSA (FDIC ID 3238), failed 1991-11-22. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3238.

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