Bank failure · ND

First Fs & LA of Fargo (Fargo, ND) — failed May 10, 1991

First Fs & LA of Fargo of Fargo, North Dakota was closed on May 10, 1991 and resolved through a purchase and assumption. First Nb of Nd (ND) took over its insured deposits. At failure it held $50.0M in assets and $51.2M in deposits. The FDIC's estimated loss on the failure is $3.0M (6.1% of assets).