Bank failure · ND

Williston Basin State Bank (Williston, ND) — failed January 21, 1988

Williston Basin State Bank of Williston, North Dakota was closed on January 21, 1988 and resolved through a purchase and assumption. First Nb&t Co of Willist (ND) took over its insured deposits. At failure it held $14.0M in assets and $13.6M in deposits. The FDIC's estimated loss on the failure is $4.4M (31.2% of assets).