Bank failure · MI
Peoples Savings Assoc. (St. Joseph, MI) — failed March 9, 1989
Peoples Savings Assoc. of St. Joseph, Michigan was closed on March 9, 1989 and resolved through a purchase and assumption. Peoples Sb (MI) took over its insured deposits. At failure it held $107.3M in assets and $109.4M in deposits. The FDIC's estimated loss on the failure is $5K (0.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 27812
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples Sb
- Insurance fund
- RTC
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