Bank failure · ND
The Dakota Bank (Grand Forks, ND) — failed August 24, 1989
The Dakota Bank of Grand Forks, North Dakota was closed on August 24, 1989 and resolved through a insured deposit transfer. First National Bank South (ND) took over its insured deposits. At failure it held $31.2M in assets and $28.6M in deposits. The FDIC's estimated loss on the failure is $2.9M (9.2% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 22967
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First National Bank South
- Insurance fund
- BIF
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