Data / Bank failures / 1987 / Peoples Bank & Trust Company
Peoples Bank & Trust Company, Holdenville, OK: failed January 29, 1987
Peoples Bank & Trust Company in Holdenville, Oklahoma, failed on January 29, 1987. Bank National Assn of McAlester, OK, took over its deposits. It held $20.2 million in assets and $18.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.1 million (25.5% of its assets). By assets it was the 147th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- January 29, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank National Assn, McAlester, OK
- Total assets
- $20,176,000
- Total deposits
- $18,791,000
- Estimated cost to the FDIC
- $5,146,522 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19522
Other bank failures in Oklahoma, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| North Side State Bank | Tulsa | December 14, 1989 | $20.4 million | $21.4 million | $4.5 million | Bank of Tulsa |
| City National Bank of Sayre | Sayre | December 13, 1989 | $21 million | $22.4 million | $3.8 million | First State Bank and Trust |
| Sooner Federal Savings Assoc. | Tulsa | November 16, 1989 | $1.53 billion | $1.15 billion | $152.8 million | First Gibraltar Bank, FSB |
| Great Plains Savings | Weatherford | October 26, 1989 | $99.8 million | $72.5 million | $20 million | Local Federal Bank, FSB |
| Park Avenue Bank, National Assoc | Oklahoma City | October 19, 1989 | $17.9 million | $14.4 million | $775,547 | Founders Bank & Trust Compa |
| North Bank, National Association | Oklahoma City | October 12, 1989 | $12.4 million | $12.9 million | $1.1 million | The Liberty National Bank A |
| American Home S & L | Edmond | October 5, 1989 | $96.7 million | $79.5 million | $13.7 million | Founders B&TC |
| Family Savings Bank, FSB | Sapulpa | October 5, 1989 | $50.9 million | $52.8 million | $4.1 million | American NB&T |
Other failed banks Bank National Assn took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens State Bank | Maud | OK | August 18, 1988 | $11.1 million | $10.8 million | $2.5 million | Bank National Assn |
| Stillwater Community Bank | Stillwater | OK | October 23, 1986 | $22.6 million | $22.6 million | $7.6 million | Bank National Assn |
All bank failures in 1987 · All bank failures in Oklahoma · Every failed bank Bank National Assn took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.