Bank failure · ND

First Fs and LA of Grand Forks and Minot (Minot, ND) — failed April 2, 1984

First Fs and LA of Grand Forks and Minot of Minot, North Dakota was closed on April 2, 1984 and resolved through a a/a. Midwest FSB (ND) took over its insured deposits. At failure it held $246.0M in assets and $210.6M in deposits. The FDIC's estimated loss on the failure is $40.5M (16.5% of assets).