Record · Bank
PROGRESSIVE SB
PROGRESSIVE SB held $50.2 million in total assets at failure as of July 13, 1990, according to the FDIC.
PROGRESSIVE SB, of NATCHITOCHES, LA, was an FDIC-insured institution that closed on July 13, 1990, as the FDIC records it.
The failure
- July 13, 1990
- Closed
- $50.2 million
- Assets at failure
- $50,232,000
- $46.5 million
- Deposits at failure
- $46,512,000
- $17.1 million
- Estimated cost to the insurance fund
- $17,077,811
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- PAYOUT
- Acquired by
- NONE, NA
The FDIC’s entry
- FDIC certificate number
- 29240
- Resolution
- FAILURE
- Transaction type
- PO
- Charter class
- SB
- Insurance fund
- RTC
- Insured since
- August 9, 1989
- Established
- January 1, 1916
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved