# CENTRAL DAKOTA BANK

> **Failed bank** · LEHR, ND · failed 1989-12-01 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

CENTRAL DAKOTA BANK of LEHR, ND was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $14M
- **Assets at failure:** $14M
- **Acquiring bank:** SECURITY STATE BANK, WISHEK (WISHEK, ND)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTRAL DAKOTA BANK (FDIC ID 2573), failed 1989-12-01. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/failed-bank/2573.

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