Bank failure · IA

Peoples Fs&la (Waterloo, IA) — failed March 11, 1988

Peoples Fs&la of Waterloo, Iowa was closed on March 11, 1988 and resolved through a a/a. Statesman Bank for Svg FSB (IA) took over its insured deposits. At failure it held $151.3M in assets and $139.2M in deposits. The FDIC's estimated loss on the failure is $27.1M (17.9% of assets).