Bank failure · ND
The First State Bank of Regent (Regent, ND) — failed February 22, 1990
The First State Bank of Regent of Regent, North Dakota was closed on February 22, 1990 and resolved through a purchase and assumption. First National Bank (ND) took over its insured deposits. At failure it held $9.7M in assets and $9.5M in deposits. The FDIC's estimated loss on the failure is $2.9M (29.4% of assets).
- Closing date
- February 22, 1990
- FDIC certificate #
- 8949
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank
- Insurance fund
- BIF
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