# FIRST FS & LA OF FARGO

> **Failed bank** · FARGO, ND · failed 1991-05-10 · SL · FDIC cost $3M

## What happened

FIRST FS & LA OF FARGO of FARGO, ND was closed by state regulators on **1991-05-10**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB OF ND** (GRAND FORKS, ND). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3095
- **FDIC Certificate:** 28265
- **FDIC FIN:** 2142
- **Bank name:** FIRST FS & LA OF FARGO
- **Location:** FARGO, ND
- **Failure date:** 1991-05-10
- **FDIC resolution date:** 1991-11-01
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $51M
- **Assets at failure:** $50M
- **Acquiring bank:** FIRST NB OF ND (GRAND FORKS, ND)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%20%26%20LA%20OF%20FARGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS & LA OF FARGO (FDIC ID 3095), failed 1991-05-10. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3095.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*