THE DAKOTA BANK Failed 1989

GRAND FORKS, ND · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE DAKOTA BANK of GRAND FORKS, ND was closed on 1989-08-24. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST NATIONAL BANK SOUTH (GRAND FORKS, ND). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2495
FDIC Certificate
22967
FDIC FIN
5982
Bank name
THE DAKOTA BANK
Location
GRAND FORKS, ND
Failure date
1989-08-24
FDIC resolution date
1989-08-24
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$3M
Deposits at failure
$29M
Assets at failure
$31M
Acquiring bank
FIRST NATIONAL BANK SOUTH (GRAND FORKS, ND)