PEOPLES COMMUNITY BANK Failed 2009
What happened
PEOPLES COMMUNITY BANK of WEST CHESTER, OH was closed on 2009-07-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FINANCIAL BANK, NATIONAL ASSOCIATION (HAMILTON, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3660
- FDIC Certificate
- 32288
- FDIC FIN
- 10096
- Bank name
- PEOPLES COMMUNITY BANK
- Location
- WEST CHESTER, OH
- Failure date
- 2009-07-31
- FDIC resolution date
- 2009-07-31
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $62M
- Deposits at failure
- $539M
- Assets at failure
- $606M
- Acquiring bank
- FIRST FINANCIAL BANK, NATIONAL ASSOCIATION (HAMILTON, OH)
Other banks FIRST FINANCIAL BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions