Bank Failure
CENTRAL PROGRESSIVE BANK
Closed November 18, 2011 · LACOMBE , LA · FDIC Cert #19657 .
- Closing date
- November 18, 2011
- Headquarters
- LACOMBE , LA
- FDIC Certificate
- 19657
- Total assets at closing
- $383,132,000
- Total deposits at closing
- $347,720,000
- Estimated loss to DIF
- $48,824,000
- Resolution type
- other
- Acquirer
- FIRST NBC BANK (FDIC Cert #10413)
Context
On November 18, 2011, regulators closed CENTRAL PROGRESSIVE BANK , headquartered in LACOMBE , LA . At closing, the institution held approximately $383,132,000 in assets and $347,720,000 in deposits . The FDIC arranged a resolution under which FIRST NBC BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $48,824,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2011
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2011-12-16 | WESTERN NATIONAL BANK | PHOENIX , AZ | $162,872,000 |
| 2011-12-16 | PREMIER COMMUNITY BANK OF THE EMERALD COAST | CRESTVIEW , FL | $125,976,000 |
| 2011-11-18 | POLK COUNTY BANK | JOHNSTON , IA | $91,580,000 |
| 2011-11-10 | COMMUNITY BANK OF ROCKMART | ROCKMART , GA | $62,383,000 |
| 2011-11-04 | SUNFIRST BANK | SAINT GEORGE , UT | $198,081,000 |
| 2011-11-04 | MID CITY BANK, INC. | OMAHA , NE | $106,075,000 |
| 2011-10-28 | ALL AMERICAN BANK | DES PLAINES , IL | $34,800,000 |
| 2011-10-21 | COMMUNITY BANKS OF COLORADO | GREENWOOD VILLAGE , CO | $1,280,964,000 |
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