Bank failure · GA

Peoples Banking Company (Boston, GA) — failed March 17, 1981

Peoples Banking Company of Boston, Georgia was closed on March 17, 1981 and resolved through a purchase and assumption. Commercial Bank (GA) took over its insured deposits. At failure it held $8.4M in assets and $8.1M in deposits. The FDIC's estimated loss on the failure is $435K (5.2% of assets).