CENTRAL DAKOTA BANK Failed 1989

LEHR, ND · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

CENTRAL DAKOTA BANK of LEHR, ND was closed on 1989-12-01. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to SECURITY STATE BANK, WISHEK (WISHEK, ND). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2573
FDIC Certificate
19664
FDIC FIN
4123
Bank name
CENTRAL DAKOTA BANK
Location
LEHR, ND
Failure date
1989-12-01
FDIC resolution date
1989-12-01
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$3M
Deposits at failure
$14M
Assets at failure
$14M
Acquiring bank
SECURITY STATE BANK, WISHEK (WISHEK, ND)