THE PEOPLES NATIONAL BANK OF LAMPASAS Failed 1985

LAMPASAS, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE PEOPLES NATIONAL BANK OF LAMPASAS of LAMPASAS, TX was closed on 1985-04-18. The FDIC was named receiver.

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

Deposits were transferred to UNITED PEOPLES BANK (LAMPASAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
979
FDIC Certificate
3294
FDIC FIN
2456
Bank name
THE PEOPLES NATIONAL BANK OF LAMPASAS
Location
LAMPASAS, TX
Failure date
1985-04-18
FDIC resolution date
1985-04-18
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$4M
Deposits at failure
$41M
Assets at failure
$39M
Acquiring bank
UNITED PEOPLES BANK (LAMPASAS, TX)