Bank failure · ND

First National Bank of Crosby (Crosby, ND) — failed September 13, 1990

First National Bank of Crosby of Crosby, North Dakota was closed on September 13, 1990 and resolved through a purchase and assumption. First National Bank & Trust (ND) took over its insured deposits. At failure it held $12.4M in assets and $12.3M in deposits. The FDIC's estimated loss on the failure is $77K (0.6% of assets).