Progressive National Bank of Rayne
Rayne, LA
$11.4M
total assets, December 31, 1991
$11.4M
total assets, December 31, 1991
Progressive National Bank of Rayne was a national bank in Rayne, LA. It failed on Mar 12, 1992, and ST Landry BANK&TRUST Co took over its deposits. At its last report it held $11.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 12, 1992
- Assets
- $11.4M
- Deposits
- $11.2M
- Estimated cost
- $1.7M
- Deposits went to
- ST Landry BANK&TRUST Co, Opelousas, LA
Total assets
$11.4M
+14.8% in a year · +3.5% in a quarter
Deposits
$11.2M
+20.1% in a year · +4.2% in a quarter
Loans
$5.4M
+13.6% in a year · -1.5% in a quarter
Profit so far
-$381K
Jan 1 to Dec 31, 1991
Capital ratio
1.20%
-2.65 pts in a year
Return on assets
-3.51%
-0.47 pts in a year
Facts
- Type
- National bank
- Head office
- 801 The Boulevard, Rayne, LA, 70578
- County
- Acadia
- Established
- Jul 1, 1983
- Failed
- Mar 12, 1992
- Employees
- 10
- Id
- b24601
Quarter by quarter
March 31, 1984 to December 31, 1991
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 Progressive National Bank of Rayne?
$11.4 million in total assets and $11.2 million in deposits as of December 31, 1991, with assets up 14.8% from a year before. Its loans were $5.38 million.
Is Progressive National Bank of Rayne profitable?
No: it lost $381,000 from January 1 to December 31, 1991. Its return on assets was -3.51% a year; about 1% is typical.
When did Progressive National Bank of Rayne fail?
Mar 12, 1992. ST Landry BANK&TRUST Co of Opelousas, LA took over its deposits. The estimated cost of the failure was $1.65 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.