Data / Bank failures / 1981 / Peoples Banking Company
Peoples Banking Company, Boston, GA: failed March 17, 1981
Peoples Banking Company in Boston, Georgia, failed on March 17, 1981. Commercial Bank of Thomasville, GA, took over its deposits. It held $8.4 million in assets and $8.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $435,019 (5.2% of its assets). By assets it was the 35th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- March 17, 1981
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Commercial Bank, Thomasville, GA
- Total assets
- $8,391,000
- Total deposits
- $8,103,000
- Estimated cost to the FDIC
- $435,019 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 16556
Other bank failures in Georgia, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peachtree FS&LA (assistance) | Atlanta | December 20, 1982 | $105 million | $77.1 million | $130,695 | Anchor Savings Bank FSB |
| First FS&LA of Crisp County (assistance) | Cordele | December 20, 1982 | $44.6 million | $44.2 million | $36,201 | Anchor Savings Bank FSB |
| First FS&LA of Sylvania (assistance) | Sylvania | February 5, 1982 | $17.5 million | $16 million | California FS&LA | |
| Peach State FS&LA (assistance) | Bremen | February 5, 1982 | $115.9 million | $84.2 million | California FS&LA | |
| Guaranty FS&LA (assistance) | Adel | February 5, 1982 | $34.8 million | $31 million | California FS&LA | |
| Toney Brothers Bank | Doerun | January 5, 1979 | $5.9 million | $5.8 million |
Other failed banks Commercial Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Mainstreet Savings Bank, FSB | Hastings | MI | July 16, 2010 | $96.6 million | $63.3 million | $12.8 million | Commercial Bank |
All bank failures in 1981 · All bank failures in Georgia · Every failed bank Commercial Bank 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.