Bank failure · LA
Progressive Sb (Natchitoches, LA) — failed July 13, 1990
Progressive Sb of Natchitoches, Louisiana was closed on July 13, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $50.2M in assets and $46.5M in deposits. The FDIC's estimated loss on the failure is $17.1M (34.0% of assets).
- Closing date
- July 13, 1990
- FDIC certificate #
- 29240
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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