# FIRST SAVINGS ASSOC.

> **Failed bank** · BISMARK, ND · failed 1990-01-26 · SL · FDIC cost $17M

## What happened

FIRST SAVINGS ASSOC. of BISMARK, ND was closed by state regulators on **1990-01-26**. The FDIC was named receiver.

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

Deposits were transferred to **METROPOLITAN FB, FSB** (FARGO, ND). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2631
- **FDIC Certificate:** 28929
- **FDIC FIN:** 7183
- **Bank name:** FIRST SAVINGS ASSOC.
- **Location:** BISMARK, ND
- **Failure date:** 1990-01-26
- **FDIC resolution date:** 1990-09-21
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $17M
- **Deposits at failure:** $101M
- **Assets at failure:** $113M
- **Acquiring bank:** METROPOLITAN FB, FSB (FARGO, ND)

## Other banks METROPOLITAN FB, FSB has acquired in FDIC resolutions

- FIRST FSB OF SOUTH DAKOTA (RAPID CITY, SD) — failed 1992-04-24 — /failed-bank/3314

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SAVINGS%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SAVINGS ASSOC. (FDIC ID 2631), failed 1990-01-26. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/2631.

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