The Graveyard › Banks › 1985
Madison Bank
Madison, KS · failed July 2, 1985 · FDIC certificate 10510
Madison Bank of Madison, KS failed on July 2, 1985. It opened in 1885, 100 years before. At its last report before that it held $8.4 million in assets and $7.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $9.2 million. The FDIC estimates that the FDIC's insurance fund lost $2.5 million on it.
1984-031985-03
Assets at the end$8.4 millionlast report before July 2, 1985
Deposits at the end$7.7 million
Estimated loss to the fund$2.5 millionFDIC
Largest in the quarterly reports$9.2 millionDecember 31, 1984
Equity to assets6.4%March 31, 1985
Loans not being repaid1.0%noncurrent, March 31, 1985
Return on assets0.35%a year's rate, March 31, 1985
Staff7full time, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.