# PEOPLES BANKING COMPANY

> **Failed bank** · BOSTON, GA · failed 1981-03-17 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

PEOPLES BANKING COMPANY of BOSTON, GA was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** COMMERCIAL BANK (THOMASVILLE, GA)

## Other banks COMMERCIAL BANK has acquired in FDIC resolutions

- MAINSTREET SAVINGS BANK, FSB (HASTINGS, MI) — failed 2010-07-16 — /failed-bank/3825

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES BANKING COMPANY (FDIC ID 590), failed 1981-03-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/590.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*