# PEOPLES BANK & TRUST CO.

> **Failed bank** · WARTBURG, TN · failed 1985-02-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

PEOPLES BANK & TRUST CO. of WARTBURG, TN was closed by regulators on **1985-02-08**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **CITIZENS BANK&TRUST CO** (WARTBURG, TN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 960
- **FDIC Certificate:** 2393
- **FDIC FIN:** 6540
- **Bank name:** PEOPLES BANK & TRUST CO.
- **Location:** WARTBURG, TN
- **Failure date:** 1985-02-08
- **FDIC resolution date:** 1985-02-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $23M
- **Assets at failure:** $24M
- **Acquiring bank:** CITIZENS BANK&TRUST CO (WARTBURG, TN)

## Other banks CITIZENS BANK&TRUST CO has acquired in FDIC resolutions

- FIRST STATE BANK OF KING CITY, MISSOURI (KING CITY, MO) — failed 1987-02-13 — /failed-bank/1362

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20BANK%20%26%20TRUST%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES BANK & TRUST CO. (FDIC ID 960), failed 1985-02-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/960.

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