Peoples Banking Company was a state nonmember bank in Boston, GA. It failed on Mar 17, 1981, and Commercial Bank took over its deposits. At its last report it held $8.39 million in assets.
Updated Oct 11, 2026
This bank failed
- Failed on
- Mar 17, 1981
- Assets
- $8.4M
- Deposits
- $8.1M
- Estimated cost
- $435K
- Deposits went to
- Commercial Bank, Thomasville, GA
Data is being prepared
The quarterly numbers of this bank appear here as soon as their first load is finished.
Facts
- Type
- State nonmember bank
- Head office
- Jefferson And Norton Streets, Boston, GA, 31626
- County
- Thomas
- Established
- Jan 1, 1934
- Failed
- Mar 19, 1981
- Id
- b16556
Related pages
Questions and answers
When did Peoples Banking Company fail?
Mar 17, 1981. Commercial Bank of Thomasville, GA took over its deposits. The estimated cost of the failure was $435,019.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.