Data / Bank failures / 2011 / Central Progressive Bank
Central Progressive Bank, Lacombe, LA: failed November 18, 2011
Central Progressive Bank in Lacombe, Louisiana, failed on November 18, 2011. First NBC Bank of New Orleans, LA, took over its deposits. It held $383.1 million in assets and $347.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $48.8 million (12.7% of its assets). By assets it was the 23rd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- November 18, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NBC Bank, New Orleans, LA
- Total assets
- $383,132,000
- Total deposits
- $347,720,000
- Estimated cost to the FDIC
- $48,823,859 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 19657
Other bank failures in Louisiana, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Statewide Bank | Covington | March 12, 2010 | $243.2 million | $207.8 million | $26.1 million | Home Bank |
Other failed banks First NBC Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First National Bank of Crestview | Crestview | FL | January 16, 2015 | $73.8 million | $73.2 million | $6.3 million | First NBC Bank |
All bank failures in 2011 · All bank failures in Louisiana · Every failed bank First NBC Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.