# THE DAKOTA BANK

> **Failed bank** · GRAND FORKS, ND · failed 1989-08-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

THE DAKOTA BANK of GRAND FORKS, ND was closed by regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $29M
- **Assets at failure:** $31M
- **Acquiring bank:** FIRST NATIONAL BANK SOUTH (GRAND FORKS, ND)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE DAKOTA BANK (FDIC ID 2495), failed 1989-08-24. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2495.

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