Data / Bank failures / 1991 / Peoples Fsa
Peoples Fsa, Ottumwa, IA: failed November 22, 1991
Peoples Fsa in Ottumwa, Iowa, failed on November 22, 1991. South Ottumwa SB of Ottumwa, IA, took over its deposits. It held $34.3 million in assets and $33.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $735,332 (2.1% of its assets). By assets it was the 195th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- November 22, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- South Ottumwa SB, Ottumwa, IA
- Total assets
- $34,316,000
- Total deposits
- $33,662,000
- Estimated cost to the FDIC
- $735,332 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 28295
Other bank failures in Iowa, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Valley National Bank of Fremont | Hamburg | April 29, 1993 | $7 million | $6.8 million | $164,766 | Decatur County State Ban |
| Home FS & La of Harlan | Harlan | September 27, 1991 | $91.4 million | $89 million | $35,348 | Conservative SB FSB |
| First FS & La of Creston | Creston | May 10, 1991 | $67.3 million | $67.9 million | $1.8 million | First FSB of Creston |
| Home FS & La, FA | Algona | April 26, 1991 | $134.3 million | $116.9 million | $4,123 | |
| United Fsa of Iowa | Des Moines | March 22, 1991 | $895.8 million | $715.8 million | $50.2 million | |
| Statesman Bank for Savings, FSB | Des Moines | July 27, 1990 | $540.4 million | $445.1 million | $20.4 million | |
| Sun Federal Savings Assoc. | Fort Dodge | March 16, 1990 | $24.3 million | $19 million | $1.8 million | Ida County State Bank |
| American Federal Savings Assoc. | Des Moines | February 9, 1990 | $910.7 million | $817.9 million | $23.5 million |
All bank failures in 1991 · All bank failures in Iowa · 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.