Peoples Bank Midwest

Status:Inactive as of 2020-10-17
 Absorption - Without Assistance
Successor Bank:Frandsen Bank & Trust
Headquarters:Peoples Bank Midwest
10583 Main Street
Hayward, WI 54843
Established:1925-03-02
FDIC Insurance:1934-01-01
FDIC Cert:#5347
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
# of Branches:3
Total Assets:$459,414,000
Total Deposits:$379,662,000

History

1925-03-02Institution established: Original name:The Peoples National Bank of Hayward
1996-07-18Changed name to Peoples National Bank
2002-06-14Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2002-06-14Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL RESERVE BOARD
2002-06-14Changed name to Peoples Bank of Wisconsin
2013-12-07Changed name to Peoples Bank Midwest
2013-12-07Acquired Summit Community Bank (58552) in MAPLEWOOD, MN
2020-10-17Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN

Financial Information (2020-09-30 and Older)