Data / Bank failures / 1958 / Peoples State Bank
Peoples State Bank, Richland Springs, TX: failed May 5, 1958
Peoples State Bank in Richland Springs, Texas, failed on May 5, 1958. It held $618,000 in assets and $574,000 in deposits at its last report. By assets it was the 4th largest of 4 banks closed or assisted in 1958.
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The FDIC's record
- Closed
- May 5, 1958
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $618,000
- Total deposits
- $574,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1956 to 1960
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Tenaha | December 3, 1959 | $1.3 million | $1.1 million | ||
| First State Bank of Yorktown | Yorktown | April 10, 1957 | $1.3 million | $1.2 million | ||
| River Oaks State Bank | Forth Worth | October 15, 1956 | $5.2 million | $4.7 million |
All bank failures in 1958 · All bank failures in Texas · 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.