Bank failure · IN
Peoples State Bank of Clay County (Poland, IN) — failed August 10, 1984
Peoples State Bank of Clay County of Poland, Indiana was closed on August 10, 1984 and resolved through a purchase and assumption. First State Bank (IN) took over its insured deposits. At failure it held $17.7M in assets and $17.1M in deposits. The FDIC's estimated loss on the failure is $5.1M (28.7% of assets).
- Closing date
- August 10, 1984
- FDIC certificate #
- 10480
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank
- Insurance fund
- FDIC
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