The Graveyard › Banks › 1991
Madison National Bank
Washington, DC · failed May 10, 1991 · FDIC certificate 18960
Madison National Bank of Washington, DC failed on May 10, 1991. It opened on December 2, 1963, 27 years before. At its last report before that it held $473.8 million in assets and $404.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $508.1 million. The FDIC estimates that the Bank Insurance Fund lost $77.8 million on it.
1984-031991-03
Assets at the end$473.8 millionlast report before May 10, 1991
Deposits at the end$404.2 million
Estimated loss to the fund$77.8 millionBIF
Largest in the quarterly reports$508.1 millionDecember 31, 1990
Equity to assets-1.6%March 31, 1991
Loans not being repaid16.7%noncurrent, March 31, 1991
Return on assets-3.27%a year's rate, March 31, 1991
Staff228full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.