Bank Failure
Madison Bank
BankRegReports is independent of Madison Bank and never asks for online banking logins or passwords.
Closed July 2, 1985 · Madison, KS · FDIC Cert #10510.
- Closing date
- July 2, 1985
- Headquarters
- Madison, KS
- FDIC Certificate
- 10510
- Total assets (last filing before closing)
- $8.4M
- Total deposits (last filing before closing)
- $7.7M
- Estimated loss to the insurance fund
- $2.5M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First NB of Madison
Context
On July 2, 1985, regulators closed Madison Bank, headquartered in Madison, KS. At closing, the institution held approximately $8.4M in assets and $7.7M in deposits. The FDIC record names First NB of Madison as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $2.5M.
By total assets in its last filing before closing, this is the 2849th largest of the 3,526 bank failures in the FDIC record, and the 111th of 139 in 1985. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did Madison Bank fail?
Madison Bank was closed by regulators on July 2, 1985.
Who acquired Madison Bank?
The FDIC record names First NB of Madison as the acquiring institution in the resolution of Madison Bank.
How big was Madison Bank when it failed?
Madison Bank had approximately $8.4M in total assets and $7.7M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 19, 1985 | Farmers & Merchants Bank | $3.3M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
Explore: all failures · KS bank events · Bank failures in Kansas · 1985 events · events hub