Data / Bank failures / 1984 / Peoples State Bank of Clay County
Peoples State Bank of Clay County, Poland, IN: failed August 10, 1984
Peoples State Bank of Clay County in Poland, Indiana, failed on August 10, 1984. First State Bank of Poland, IN, took over its deposits. It held $17.7 million in assets and $17.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.1 million (28.7% of its assets). By assets it was the 71st largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- August 10, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First State Bank, Poland, IN
- Total assets
- $17,724,000
- Total deposits
- $17,106,000
- Estimated cost to the FDIC
- $5,092,229 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 10480
Other bank failures in Indiana, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Industrial National Bank of East Chicago | East Chicago | April 3, 1986 | $8.4 million | $8.1 million | $1.2 million | Mercantile NB of Indiana |
| Allen County Bank and Trust Company | Leo | November 22, 1985 | $10.9 million | $10.5 million | Indiana National Bank | |
| Union FS&LA (assistance) | Indianapolis | September 7, 1984 | $309.3 million | $285.9 million | $26.8 million | Union FS&LA |
| The Shelby Nat BK of Shelbyville | Shelbyville | April 19, 1984 | $67.8 million | $65.5 million | $378,072 | American Fletcher NB&T C |
| FT. Wayne FS&LA (assistance) | Fort Wayne | November 14, 1983 | $37 million | $31 million | $2.2 million | Standard FS&LA |
| American FS&LA (assistance) | Fort Wayne | November 14, 1983 | $55.4 million | $46.4 million | $3.4 million | Standard FS&LA |
| South Bend FS&LA (assistance) | South Bend | November 14, 1983 | $71.4 million | $71.5 million | $4.7 million | Standard FS&LA |
| First FS&LA of FT. Wayne (assistance) | Fort Wayne | November 14, 1983 | $298.1 million | $267.2 million | $17.3 million | Standard FS&LA |
Other failed banks First State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Farmers' and Traders' State Bank | Shabbona | IL | June 8, 2012 | $43.1 million | $42.3 million | $10.2 million | First State Bank |
| Valley Community Bank | ST. Charles | IL | February 25, 2011 | $123.8 million | $124.2 million | $28.3 million | First State Bank |
| First National Bank of Cedar Hill | Cedar Hill | TX | May 16, 1991 | $11 million | $11.1 million | $2.6 million | First State Bank |
| First Fsa of Wewoka | Wewoka | OK | March 8, 1991 | $32.9 million | $27.9 million | $5.2 million | First State Bank |
| Bank of Meeker | Meeker | OK | March 15, 1990 | $15.5 million | $15.5 million | $3.8 million | First State Bank |
| Citizens Bank and Trust | Calvert | TX | March 9, 1989 | $14.2 million | $16.8 million | $5.3 million | First State Bank |
| The First National Bank of Gracemont | Gracemont | OK | November 10, 1988 | $6.6 million | $6.8 million | $1 million | First State Bank |
| Round Rock National Bank | Round Rock | TX | October 27, 1988 | $37 million | $37.1 million | $20 million | First State Bank |
All bank failures in 1984 · All bank failures in Indiana · Every failed bank First State 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.