The Graveyard › Banks › 2011
Central Progressive Bank
Lacombe, LA · failed November 18, 2011 · FDIC certificate 19657
Central Progressive Bank of Lacombe, LA failed on November 18, 2011. It opened on January 3, 1967, 44 years before. At its last report before that it held $383.1 million in assets and $347.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2006, it held $634.5 million. The FDIC estimates that the Deposit Insurance Fund lost $48.8 million on it.
1984-032011-09
Assets at the end$383.1 millionlast report before November 18, 2011
Deposits at the end$347.7 million
Estimated loss to the fund$48.8 millionDIF
Largest in the quarterly reports$634.5 millionSeptember 30, 2006
Equity to assets0.6%September 30, 2011
Loans not being repaid9.3%noncurrent, September 30, 2011
Return on assets-6.53%a year's rate, September 30, 2011
Staff160full time, September 30, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.