Data / Bank failures / 2010 / Statewide Bank
Statewide Bank, Covington, LA: failed March 12, 2010
Statewide Bank in Covington, Louisiana, failed on March 12, 2010. Home Bank of Lafayette, LA, took over its deposits. It held $243.2 million in assets and $207.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.1 million (10.7% of its assets). By assets it was the 82nd largest of 157 banks closed or assisted in 2010.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- March 12, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Home Bank, Lafayette, LA
- Total assets
- $243,215,000
- Total deposits
- $207,821,000
- Estimated cost to the FDIC
- $26,124,193 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 29561
Other bank failures in Louisiana, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Central Progressive Bank | Lacombe | November 18, 2011 | $383.1 million | $347.7 million | $48.8 million | First NBC Bank |
Other failed banks Home Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bank of San Pedro | Los Angeles | CA | July 15, 1994 | $132.6 million | $128.3 million | $28.8 million | Home Bank |
| Mechanics National Bank | Paramount | CA | April 1, 1994 | $148.7 million | $148.9 million | $47.7 million | Home Bank |
All bank failures in 2010 · All bank failures in Louisiana · Every failed bank Home 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.