Bank failure · OH

Peoples FSB (Wooster, OH) — failed October 25, 1988

Peoples FSB of Wooster, Ohio was closed on October 25, 1988 and resolved through a a/a. Peoples Federal Savings Ban (OH) took over its insured deposits. At failure it held $341.1M in assets and $347.3M in deposits. The FDIC's estimated loss on the failure is $33.4M (9.8% of assets).