# PROGRESSIVE NATIONAL BANK OF RAYNE

> **Failed bank** · RAYNE, LA · failed 1992-03-12 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

PROGRESSIVE NATIONAL BANK OF RAYNE of RAYNE, LA was closed by the OCC on **1992-03-12**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **ST LANDRY BANK&TRUST CO** (OPELOUSAS, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3285
- **FDIC Certificate:** 24601
- **FDIC FIN:** 4458
- **Bank name:** PROGRESSIVE NATIONAL BANK OF RAYNE
- **Location:** RAYNE, LA
- **Failure date:** 1992-03-12
- **FDIC resolution date:** 1992-03-12
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $11M
- **Acquiring bank:** ST LANDRY BANK&TRUST CO (OPELOUSAS, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PROGRESSIVE%20NATIONAL%20BANK%20OF%20RAYNE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROGRESSIVE NATIONAL BANK OF RAYNE (FDIC ID 3285), failed 1992-03-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3285.

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