The Graveyard › Banks › 1992
Progressive National Bank of Rayne
Rayne, LA · failed March 12, 1992 · FDIC certificate 24601
Progressive National Bank of Rayne of Rayne, LA failed on March 12, 1992. It opened on July 1, 1983, 8 years before. At its last report before that it held $11.4 million in assets and $11.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $15.6 million. The FDIC estimates that the Bank Insurance Fund lost $1.7 million on it.
1984-031991-12
Assets at the end$11.4 millionlast report before March 12, 1992
Deposits at the end$11.2 million
Estimated loss to the fund$1.7 millionBIF
Largest in the quarterly reports$15.6 millionJune 30, 1986
Equity to assets1.2%December 31, 1991
Loans not being repaid10.0%noncurrent, December 31, 1991
Return on assets-3.51%a year's rate, December 31, 1991
Staff10full time, December 31, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.