Bank failure · ND
Central Dakota Bank (Lehr, ND) — failed December 1, 1989
Central Dakota Bank of Lehr, North Dakota was closed on December 1, 1989 and resolved through a purchase and assumption. Security State Bank, Wishek (ND) took over its insured deposits. At failure it held $13.9M in assets and $13.7M in deposits. The FDIC's estimated loss on the failure is $2.7M (19.3% of assets).
- Closing date
- December 1, 1989
- FDIC certificate #
- 19664
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security State Bank, Wishek
- Insurance fund
- BIF
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