STATEWIDE BANK Failed 2010
What happened
STATEWIDE BANK of COVINGTON, LA was closed on 2010-03-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME BANK (LAFAYETTE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3762
- FDIC Certificate
- 29561
- FDIC FIN
- 10196
- Bank name
- STATEWIDE BANK
- Location
- COVINGTON, LA
- Failure date
- 2010-03-12
- FDIC resolution date
- 2010-03-12
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $208M
- Assets at failure
- $243M
- Acquiring bank
- HOME BANK (LAFAYETTE, LA)
Other banks HOME BANK acquired in FDIC resolutions