Peoples Federal Savings Bank

Status:Inactive as of 11/22/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Peoples Federal Savings Association
Headquarters:Peoples Federal Savings Bank
107 South Court
Ottumwa, IA 52501
Established:01/01/1892
FDIC Insurance:08/09/1989
FDIC Cert:#28295
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$34,316,000
Total Deposits:$33,662,000

History

1892-01-01Institution established: Original name:Peoples Federal Savings and Loan Association
1986-01-31Changed name to Peoples Savings and Loan Association
1991-06-12Changed name to Peoples Federal Savings Bank
1991-06-12Changed organization type to MUTUAL SAVINGS BANK
1991-11-22Placed into government conservatorship.
1991-11-22Failed, went into receivership, and then became part of Peoples Federal Savings Association (33529)
1991-11-22Institution established: Original name:Peoples Federal Savings Association (33529)
1992-03-20Acquired after government financial assistance and subsequently operated as part of South Ottumwa Savings Bank (9099)
1992-03-20Government conservatorship or bridge bank resolved.
2011-12-17Acquired Hedrick Savings Bank (14973) in OTTUMWA, IA
2015-06-30Acquired West Liberty State Bank (14573) in WEST LIBERTY, IA
2020-01-31Acquired Peoples State Bank (26911) in ALBIA, IA