Data / Bank failures / 1990 / The First State Bank of Regent
The First State Bank of Regent, Regent, ND: failed February 22, 1990
The First State Bank of Regent in Regent, North Dakota, failed on February 22, 1990. First National Bank of Hettinger, ND, took over its deposits. It held $9.7 million in assets and $9.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.9 million (29.4% of its assets). By assets it was the 365th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 22, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First National Bank, Hettinger, ND
- Total assets
- $9,717,000
- Total deposits
- $9,526,000
- Estimated cost to the FDIC
- $2,856,610 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 8949
Other bank failures in North Dakota, 1988 to 1992
| 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 |
| 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 |
Other failed banks First National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Alliance Bank, N.A. (assistance) | Oklahoma City | OK | November 16, 1988 | $8.9 million | $11.9 million | $4.1 million | First National Bank |
| Biwabik State Bank | Biwabik | MN | August 26, 1988 | $3.2 million | $3.2 million | $450,634 | First National Bank |
| Marshall County Bank | Britton | SD | August 19, 1988 | $10.7 million | $9.4 million | $229,170 | First National Bank |
| Unity Bank | Dayton | OH | April 22, 1988 | $7.1 million | $6.7 million | $1.9 million | First National Bank |
| The Talmage State Bank | Talmage | KS | September 17, 1987 | $6.7 million | $6.7 million | $1.3 million | First National Bank |
All bank failures in 1990 · All bank failures in North Dakota · Every failed bank First National Bank took over · The full failed bank list
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.