Peoples State Bank

Status:Inactive as of 04/30/1987
 Absorption - Assisted
Successor Bank:Memphis State Bank
Headquarters:Peoples State Bank
Main Street
Turkey, TX 79261
Established:10/11/1943
FDIC Insurance:10/11/1943
FDIC Cert:#16098
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$5,789,000
Total Deposits:$5,837,000

History

1943-10-11Institution established: Original name:Peoples State Bank
1987-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Memphis State Bank (26614)
1995-10-16Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2014-11-15Acquired Memphis State Bank (26614) in MEMPHIS, TX
2014-11-15Acquired First Bank (5584) in WHITNEY, TX
2014-11-15Acquired Citizens State Bank (9015) in PRINCETON, TX
2014-11-15Merged into and subsequently operated as part of First Bank & Trust (5525) in SEYMOUR, TX
2021-05-01Merged into and subsequently operated as part of Peoples Bank (19788)