The Graveyard › Banks › 1990
Progressive SB
Natchitoches, LA · failed July 13, 1990 · FDIC certificate 29240
Progressive SB of Natchitoches, LA failed on July 13, 1990. It opened in 1916, 74 years before. At its last report before that it held $50.2 million in assets and $46.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $65.2 million. The FDIC estimates that the Resolution Trust Corporation lost $17.1 million on it.
1984-031990-06
Assets at the end$50.2 millionlast report before July 13, 1990
Deposits at the end$46.5 million
Estimated loss to the fund$17.1 millionRTC
Largest in the quarterly reports$65.2 millionDecember 31, 1987
Equity to assets-8.3%June 30, 1990
Loans not being repaid11.0%noncurrent, June 30, 1990
Return on assets-2.69%a year's rate, June 30, 1990
Staff21full time, June 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.