The Graveyard › Banks › 1989
The Dakota Bank
Grand Forks, ND · failed August 24, 1989 · FDIC certificate 22967
The Dakota Bank of Grand Forks, ND failed on August 24, 1989. It opened on October 9, 1979, 9 years before. At its last report before that it held $31.2 million in assets and $28.6 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $2.9 million on it.
1984-031989-06
Assets at the end$31.2 millionlast report before August 24, 1989
Deposits at the end$28.6 million
Estimated loss to the fund$2.9 millionBIF
Largest in the quarterly reports$31.2 millionJune 30, 1989
Equity to assets6.0%June 30, 1989
Loans not being repaid1.2%noncurrent, June 30, 1989
Return on assets1.21%a year's rate, June 30, 1989
Staff20full time, June 30, 1989
Also ended in 1989
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- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.