Bank failure · LA
Statewide Bank (Covington, LA) — failed March 12, 2010
Statewide Bank of Covington, Louisiana was closed on March 12, 2010 and resolved through a purchase and assumption. Home Bank (LA) took over its insured deposits. At failure it held $243.2M in assets and $207.8M in deposits. The FDIC's estimated loss on the failure is $26.1M (10.7% of assets).
- Closing date
- March 12, 2010
- FDIC certificate #
- 29561
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Home Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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