Central Progressive Bank
Lacombe, LA · Owner: Blossman Bancshares Inc
$383M
total assets, September 30, 2011
$383M
total assets, September 30, 2011
Central Progressive Bank was a state nonmember bank in Lacombe, LA, owned by Blossman Bancshares Inc. It failed on Nov 18, 2011, and First NBC Bank took over its deposits. At its last report it held $383.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2011
This bank failed
- Failed on
- Nov 18, 2011
- Assets
- $383M
- Deposits
- $348M
- Estimated cost
- $48.8M
- Deposits went to
- First NBC Bank, New Orleans, LA
Total assets
$383M
-8.1% in a year · -0.2% in a quarter
Deposits
$348M
-2.1% in a year · -0.5% in a quarter
Loans
$239M
-7.0% in a year · -2.8% in a quarter
Profit so far
-$19.4M
Jan 1 to Sep 30, 2011
Capital ratio
0.63%
-6.24 pts in a year
Return on assets
-6.53%
-5.79 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 29092 Krentel Road, Lacombe, LA, 70445
- County
- St. Tammany
- Holding company
- Blossman Bancshares Inc
- Established
- Jan 3, 1967
- Failed
- Nov 18, 2011
- Employees
- 160
- Branches
- 17
- Id
- b19657
Quarter by quarter
March 31, 1984 to September 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Central Progressive Bank?
$383.1 million in total assets and $347.7 million in deposits as of September 30, 2011, with assets down 8.1% from a year before. Its loans were $239.3 million.
How many branches does Central Progressive Bank have?
17 branches in Louisiana as of June 30, 2026.
Is Central Progressive Bank profitable?
No: it lost $19.4 million from January 1 to September 30, 2011. Its return on assets was -6.53% a year; about 1% is typical.
Who owns Central Progressive Bank?
Central Progressive Bank is owned by Blossman Bancshares Inc, its holding company.
When did Central Progressive Bank fail?
Nov 18, 2011. First NBC Bank of New Orleans, LA took over its deposits. The estimated cost of the failure was $48.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.