Bank failure · MS

Peoples Federal Savings Bank (Bay St. Louis, MS) — failed February 8, 1991

Peoples Federal Savings Bank of Bay St. Louis, Mississippi was closed on February 8, 1991 and resolved through a purchase and assumption. Hancock Bank (MS) took over its insured deposits. At failure it held $59.7M in assets and $53.9M in deposits. The FDIC's estimated loss on the failure is $2.1M (3.5% of assets).