PEOPLES BANKING COMPANY Failed 1981
What happened
PEOPLES BANKING COMPANY of BOSTON, GA was closed on 1981-03-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCIAL BANK (THOMASVILLE, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 590
- FDIC Certificate
- 16556
- FDIC FIN
- 2288
- Bank name
- PEOPLES BANKING COMPANY
- Location
- BOSTON, GA
- Failure date
- 1981-03-17
- FDIC resolution date
- 1981-03-17
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- COMMERCIAL BANK (THOMASVILLE, GA)
Other banks COMMERCIAL BANK acquired in FDIC resolutions