# STATEWIDE BANK

> **Failed bank** · COVINGTON, LA · failed 2010-03-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $26M

## What happened

STATEWIDE BANK of COVINGTON, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $208M
- **Assets at failure:** $243M
- **Acquiring bank:** HOME BANK (LAFAYETTE, LA)

## Other banks HOME BANK has acquired in FDIC resolutions

- BANK OF SAN PEDRO (LOS ANGELES, CA) — failed 1994-07-15 — /failed-bank/3491
- MECHANICS NATIONAL BANK (PARAMOUNT, CA) — failed 1994-04-01 — /failed-bank/3483

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATEWIDE BANK (FDIC ID 3762), failed 2010-03-12. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/3762.

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