WILLISTON BASIN STATE BANK Failed 1988
What happened
WILLISTON BASIN STATE BANK of WILLISTON, ND was closed on 1988-01-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB&T CO OF WILLIST (WILLISTON, ND). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1607
- FDIC Certificate
- 23042
- FDIC FIN
- 2774
- Bank name
- WILLISTON BASIN STATE BANK
- Location
- WILLISTON, ND
- Failure date
- 1988-01-21
- FDIC resolution date
- 1988-01-21
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $14M
- Assets at failure
- $14M
- Acquiring bank
- FIRST NB&T CO OF WILLIST (WILLISTON, ND)
Other banks FIRST NB&T CO OF WILLIST acquired in FDIC resolutions