Data / Bank failures / 1988 / Williston Basin State Bank
Williston Basin State Bank, Williston, ND: failed January 21, 1988
Williston Basin State Bank in Williston, North Dakota, failed on January 21, 1988. First NB&T Co of Willist of Williston, ND, took over its deposits. It held $14 million in assets and $13.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.4 million (31.2% of its assets). By assets it was the 410th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- January 21, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NB&T Co of Willist, Williston, ND
- Total assets
- $14,004,000
- Total deposits
- $13,575,000
- Estimated cost to the FDIC
- $4,369,024 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23042
Other bank failures in North Dakota, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Citizens Bank of Ray | Ray | October 15, 1987 | $11.7 million | $11.3 million | $1.9 million | First NB&T Co of Willist |
Other failed banks First NB&T Co of Willist took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens Bank of Ray | Ray | ND | October 15, 1987 | $11.7 million | $11.3 million | $1.9 million | First NB&T Co of Willist |
All bank failures in 1988 · All bank failures in North Dakota · Every failed bank First NB&T Co of Willist took over · 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.