Data / Bank failures / North Dakota
Bank failures in North Dakota: 41 banks since 1936
41 banks in North Dakota failed between 1936 and 1991, holding $1.24 billion in assets and $848.1 million in deposits. The FDIC estimates the cost to its insurance fund at $130.2 million. The FDIC also assisted 2 open banks without closing them. The largest: Midwest Federal Savings Bank ($955 million), First Savings Assoc. ($113.4 million), First FS & La of Fargo ($50 million). By decade: 1930s 26, 1940s 3, 1980s 8, 1990s 6.
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Every failure, newest first
| 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 | |
| Central Dakota Bank | Lehr | December 1, 1989 | $13.9 million | $13.7 million | $2.7 million | Security State Bank, Wishek |
| 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 |
| Citizens Bank of Ray | Ray | October 15, 1987 | $11.7 million | $11.3 million | $1.9 million | First NB&T Co of Willist |
| Farmers State Bank | Maddock | May 8, 1987 | $11.9 million | $11.7 million | $1.1 million | Ramsey NB&T Co Devils La |
| First FS and La of Grand Forks and Minot (assistance) | Minot | April 2, 1984 | $246 million | $210.6 million | $40.5 million | Midwest FSB |
| Fidelity FS&LA (assistance) | Valley City | June 10, 1982 | $63 million | $58.8 million | Midwest FS&LA | |
| First National BK of Carrington | Carrington | February 12, 1980 | $12.4 million | $11.2 million | $221,154 | |
| First State Bank | Wishek | April 18, 1940 | $136,000 | $113,000 | ||
| Ashley State Bank | Ashley | April 18, 1940 | $247,000 | $172,000 | ||
| Bank of Reeder | Reeder | April 17, 1940 | $125,000 | |||
| State Bank of Bremen | Bremen | March 18, 1939 | $61,000 | $28,000 | ||
| Bank of Scranton | Scranton | January 16, 1939 | $153,000 | $94,000 | ||
| Farmers State Bank of Anamoose | Anamoose | November 26, 1938 | $62,000 | $39,000 | ||
| Stockmens State Bank | Medora | September 24, 1938 | $87,000 | $74,000 | ||
| First Bank of Flaxton | Flaxton | August 31, 1938 | $80,000 | $53,000 | ||
| German State Bank of Beulah | Beulah | May 31, 1938 | $122,000 | $100,000 | ||
| First State Bank | Turtle Lake | April 19, 1938 | $186,000 | $144,000 | ||
| The First State Bank | Colfax | April 9, 1938 | $117,000 | $83,000 | ||
| First State Bank | Kulm | March 14, 1938 | $212,000 | $142,000 | ||
| Sterling State Bank | Sterling | November 30, 1937 | $121,000 | $84,000 | ||
| First State Bank | Center | November 1, 1937 | $80,000 | $52,000 | ||
| Farmers & Merchants Bank of Elgin | Elgin | October 30, 1937 | $57,000 | $35,000 | ||
| Farmers State Bank | Wyndmere | October 23, 1937 | $100,000 | $72,000 | ||
| Burt State Bank | Burt | September 25, 1937 | $63,000 | $39,000 | ||
| First International Bank | Noonan | April 3, 1937 | $192,000 | $139,000 | ||
| Sargent County Bank | Forman | January 14, 1937 | $154,000 | |||
| First State Bank | Coteau | December 21, 1936 | $43,000 | |||
| Bank of Berthold | Berthold | December 21, 1936 | $84,000 | |||
| First State Bank of Powers Lake | Powers Lake | December 21, 1936 | $76,000 | |||
| First State Bank of Max | Max | December 21, 1936 | $100,000 | |||
| Reservation State Bank | Makoti | December 21, 1936 | $78,000 | |||
| The Cummings State Bank | Cummings | December 21, 1936 | $30,000 | |||
| The First International Bank of Williston | Williston | December 19, 1936 | $763,000 | |||
| First International Bank | Minot | December 19, 1936 | $360,000 | |||
| Northern and Dakota Trust Company | Fargo | December 19, 1936 | $479,000 | |||
| The First State Bank of Lignite | Lignite | December 12, 1936 | $83,000 | $46,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.