Bank failure · LA
Central Progressive Bank (Lacombe, LA) — failed November 18, 2011
Central Progressive Bank of Lacombe, Louisiana was closed on November 18, 2011 and resolved through a purchase and assumption. First Nbc Bank (LA) took over its insured deposits. At failure it held $383.1M in assets and $347.7M in deposits. The FDIC's estimated loss on the failure is $48.8M (12.7% of assets).
- Closing date
- November 18, 2011
- FDIC certificate #
- 19657
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nbc Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2011
- Premier Community Bank of the Emerald Coast FL
- Western National Bank AZ
- Polk County Bank IA
- Community Bank of Rockmart GA
- Mid City Bank, Inc. NE
- Sunfirst Bank UT
- All American Bank IL
- Community Banks of Colorado CO
- Old Harbor Bank FL
- Community Capital Bank GA
- Decatur First Bank GA
- Piedmont Community Bank GA
- Country Bank IL
- First State Bank NJ
- Blue Ridge Savings Bank, Inc. NC
- Sun Security Bank MO
- The Riverbank MN
- First International Bank TX
- Citizens Bank of Northern California CA
- Bank of the Commonwealth VA
- The First National Bank of Florida FL
- Creekside Bank GA
- Patriot Bank of Georgia GA
- Lydian Private Bank FL