Bank Failure
THE PEOPLES STATE SAVINGS BANK
Closed April 18, 1970 · AUBURN, MI · FDIC Cert #14987.
- Closing date
- April 18, 1970
- Headquarters
- AUBURN, MI
- FDIC Certificate
- 14987
- Total assets at closing
- $10,877,000
- Total deposits at closing
- $9,940,000
- Resolution type
- other
Context
On April 18, 1970, regulators closed THE PEOPLES STATE SAVINGS BANK, headquartered in AUBURN, MI. At closing, the institution held approximately $10,877,000 in assets and $9,940,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1970
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1970-10-08 | BEREA BANK AND TRUST COMPANY | BEREA, KY | $5,871,000 |
| 1970-09-03 | CITY BANK OF PHILADELPHIA | PHILADELPHIA, PA | $10,775,000 |
| 1970-08-24 | FIRST STATE BANK OF BONNE TERRE | BONNE TERRE, MO | $8,003,000 |
| 1970-08-07 | EATONTOWN NATIONAL BANK | EATONTOWN, NJ | $21,417,000 |
| 1970-06-25 | FARMERS BANK OF PETERSBURG | PETERSBURG, KY | $1,074,000 |
| 1970-02-22 | STATE BANK OF PRAIRIE CITY | PRAIRIE CITY, IA | $4,130,000 |
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