The Graveyard › Banks › 1991

Peoples Federal Savings Bank

Bay St. Louis, MS · failed February 8, 1991 · FDIC certificate 29946

Peoples Federal Savings Bank of Bay St. Louis, MS failed on February 8, 1991. It opened on September 1, 1937, 53 years before. At its last report before that it held $59.7 million in assets and $53.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $70.6 million. The FDIC estimates that the Resolution Trust Corporation lost $2.1 million on it.

1984-031990-12

Assets at the end$59.7 millionlast report before February 8, 1991

Deposits at the end$53.9 million

Estimated loss to the fund$2.1 millionRTC

Largest in the quarterly reports$70.6 millionJune 30, 1987

Equity to assets1.1%December 31, 1990

Loans not being repaid0.6%noncurrent, December 31, 1990

Return on assets-2.83%a year's rate, December 31, 1990

Staff25full time, December 31, 1990

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.