# PEOPLES STATE BANK

> **Failed bank** · HAMTRAMCK, MI · failed 2011-02-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $103M

## What happened

PEOPLES STATE BANK of HAMTRAMCK, MI was closed by regulators on **2011-02-11**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST MICHIGAN BANK** (TROY, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3906
- **FDIC Certificate:** 14939
- **FDIC FIN:** 10341
- **Bank name:** PEOPLES STATE BANK
- **Location:** HAMTRAMCK, MI
- **Failure date:** 2011-02-11
- **FDIC resolution date:** 2011-02-11
- **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:** $103M
- **Deposits at failure:** $390M
- **Assets at failure:** $391M
- **Acquiring bank:** FIRST MICHIGAN BANK (TROY, MI)

## Other banks FIRST MICHIGAN BANK has acquired in FDIC resolutions

- FIRST BANKING CENTER (BURLINGTON, WI) — failed 2010-11-19 — /failed-bank/3880
- CF BANCORP (PORT HURON, MI) — failed 2010-04-30 — /failed-bank/3794

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES STATE BANK (FDIC ID 3906), failed 2011-02-11. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3906.

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