# WILLISTON BASIN STATE BANK

> **Failed bank** · WILLISTON, ND · failed 1988-01-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

WILLISTON BASIN STATE BANK of WILLISTON, ND was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- CITIZENS BANK OF RAY (RAY, ND) — failed 1987-10-15 — /failed-bank/1535

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WILLISTON%20BASIN%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WILLISTON BASIN STATE BANK (FDIC ID 1607), failed 1988-01-21. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1607.

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