Data / Bank failures / 1989 / Central Dakota Bank
Central Dakota Bank, Lehr, ND: failed December 1, 1989
Central Dakota Bank in Lehr, North Dakota, failed on December 1, 1989. Security State Bank, Wishek of Wishek, ND, took over its deposits. It held $13.9 million in assets and $13.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.7 million (19.3% of its assets). By assets it was the 475th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- December 1, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Security State Bank, Wishek, Wishek, ND
- Total assets
- $13,854,000
- Total deposits
- $13,654,000
- Estimated cost to the FDIC
- $2,668,043 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 19664
Other bank failures in North Dakota, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS & La of Fargo | Fargo | May 10, 1991 | $50 million | $51.2 million | $3 million | First NB of ND |
| The Farmers and Merchants Bank of Sheyenne | Sheyenne | October 26, 1990 | $2.9 million | $2.9 million | $825,847 | The Ramsey National Bank An |
| First National Bank of Crosby | Crosby | September 13, 1990 | $12.4 million | $12.3 million | $76,806 | First National Bank & Trust |
| The First State Bank of Regent | Regent | February 22, 1990 | $9.7 million | $9.5 million | $2.9 million | First National Bank |
| First Savings Assoc. | Bismark | January 26, 1990 | $113.4 million | $100.5 million | $16.7 million | Metropolitan FB, FSB |
| Midwest Federal Savings Bank | Minot | January 4, 1990 | $955 million | $577.8 million | $93.6 million | |
| The Dakota Bank | Grand Forks | August 24, 1989 | $31.2 million | $28.6 million | $2.9 million | First National Bank South |
| Williston Basin State Bank | Williston | January 21, 1988 | $14 million | $13.6 million | $4.4 million | First NB&T Co of Willist |
All bank failures in 1989 · All bank failures in North Dakota · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.