Bank failure · OR

Peoples S&la (LA Grande, OR) — failed September 23, 1988

Peoples S&la of LA Grande, Oregon was closed on September 23, 1988 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $22.5M in assets and $19.8M in deposits. The FDIC's estimated loss on the failure is $19.3M (85.5% of assets).