Bank failure · IA
Peoples Fsa (Ottumwa, IA) — failed November 22, 1991
Peoples Fsa of Ottumwa, Iowa was closed on November 22, 1991 and resolved through a purchase and assumption. South Ottumwa Sb (IA) took over its insured deposits. At failure it held $34.3M in assets and $33.7M in deposits. The FDIC's estimated loss on the failure is $735K (2.1% of assets).
- Closing date
- November 22, 1991
- FDIC certificate #
- 28295
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- South Ottumwa Sb
- Insurance fund
- RTC
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