Bank failure · ND

First Savings Assoc. (Bismark, ND) — failed January 26, 1990

First Savings Assoc. of Bismark, North Dakota was closed on January 26, 1990 and resolved through a insured deposit transfer. Metropolitan Fb, FSB (ND) took over its insured deposits. At failure it held $113.4M in assets and $100.5M in deposits. The FDIC's estimated loss on the failure is $16.7M (14.7% of assets).