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Failures by State

Bank Failures in North Dakota

41 FDIC-insured banks headquartered in North Dakota have failed since 1936. The most recent was First FS & La of Fargo on May 10, 1991. The worst year was 1936, with 10 failures. Failed banks held $1.24B in assets at closing.

41
Failures
1936 to 1991
$1.24B
Failed assets
At closing
$130.2M
Estimated DIF loss
FDIC estimate
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Largest bank failures in North Dakota

Date Bank City Assets Acquirer or resolution
Jan 4, 1990 Midwest Federal Savings Bank Minot $955.0M Branch sale
Jan 26, 1990 First Savings Assoc. Bismark $113.4M Metropolitan FB, FSB
May 10, 1991 First FS & La of Fargo Fargo $50.0M First NB of ND
Aug 24, 1989 The Dakota Bank Grand Forks $31.2M First National Bank South
Jan 21, 1988 Williston Basin State Bank Williston $14.0M First NB&T Co of Willist
Dec 1, 1989 Central Dakota Bank Lehr $13.9M Security State Bank, Wishek
Feb 12, 1980 First National BK of Carrington Carrington $12.4M —
Sep 13, 1990 First National Bank of Crosby Crosby $12.4M First National Bank & Trust
May 8, 1987 Farmers State Bank Maddock $11.9M Ramsey NB&T Co Devils La
Oct 15, 1987 Citizens Bank of Ray Ray $11.7M First NB&T Co of Willist

North Dakota bank failures by year

Year Failures Failed assets
1991 1 $50.0M
1990 5 $1.09B
1989 2 $45.0M
1988 1 $14.0M
1987 2 $23.6M
1980 1 $12.4M
1940 3 $383K
1939 2 $214K
1938 7 $866K
1937 7 $613K
1936 10 $83K

Every bank failure in North Dakota

Date Bank City Assets Acquirer or resolution
May 10, 1991 First FS & La of Fargo Fargo $50.0M First NB of ND
Oct 26, 1990 The Farmers and Merchants Bank of Sheyenne Sheyenne $2.9M The Ramsey National Bank an
Sep 13, 1990 First National Bank of Crosby Crosby $12.4M First National Bank & Trust
Feb 22, 1990 The First State Bank of Regent Regent $9.7M First National Bank
Jan 26, 1990 First Savings Assoc. Bismark $113.4M Metropolitan FB, FSB
Jan 4, 1990 Midwest Federal Savings Bank Minot $955.0M Branch sale
Dec 1, 1989 Central Dakota Bank Lehr $13.9M Security State Bank, Wishek
Aug 24, 1989 The Dakota Bank Grand Forks $31.2M First National Bank South
Jan 21, 1988 Williston Basin State Bank Williston $14.0M First NB&T Co of Willist
Oct 15, 1987 Citizens Bank of Ray Ray $11.7M First NB&T Co of Willist
May 8, 1987 Farmers State Bank Maddock $11.9M Ramsey NB&T Co Devils La
Feb 12, 1980 First National BK of Carrington Carrington $12.4M —
Apr 18, 1940 Ashley State Bank Ashley $247K —
Apr 18, 1940 First State Bank Wishek $136K —
Apr 17, 1940 Bank of Reeder Reeder — —
Mar 18, 1939 State Bank of Bremen Bremen $61K —
Jan 16, 1939 Bank of Scranton Scranton $153K —
Nov 26, 1938 Farmers State Bank of Anamoose Anamoose $62K —
Sep 24, 1938 Stockmens State Bank Medora $87K —
Aug 31, 1938 First Bank of Flaxton Flaxton $80K —
May 31, 1938 German State Bank of Beulah Beulah $122K —
Apr 19, 1938 First State Bank Turtle Lake $186K —
Apr 9, 1938 The First State Bank Colfax $117K —
Mar 14, 1938 First State Bank Kulm $212K —
Nov 30, 1937 Sterling State Bank Sterling $121K —
Nov 1, 1937 First State Bank Center $80K —
Oct 30, 1937 Farmers & Merchants Bank of Elgin Elgin $57K —
Oct 23, 1937 Farmers State Bank Wyndmere $100K —
Sep 25, 1937 Burt State Bank Burt $63K —
Apr 3, 1937 First International Bank Noonan $192K —
Jan 14, 1937 Sargent County Bank Forman — —
Dec 21, 1936 Bank of Berthold Berthold — —
Dec 21, 1936 First State Bank Coteau — —
Dec 21, 1936 The Cummings State Bank Cummings — —
Dec 21, 1936 Reservation State Bank Makoti — —
Dec 21, 1936 First State Bank of Max Max — —
Dec 21, 1936 First State Bank of Powers Lake Powers Lake — —
Dec 19, 1936 Northern and Dakota Trust Company Fargo — —
Dec 19, 1936 First International Bank Minot — —
Dec 19, 1936 The First International Bank of Williston Williston — —
Dec 12, 1936 The First State Bank of Lignite Lignite $83K —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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