Bank failure · ND

Midwest Federal Savings Bank (Minot, ND) — failed January 4, 1990

Midwest Federal Savings Bank of Minot, North Dakota was closed on January 4, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $955.0M in assets and $577.8M in deposits. The FDIC's estimated loss on the failure is $93.6M (9.8% of assets).