# THE MADILL BANK & TRUST COMPANY

> **Failed bank** · MADILL, OK · failed 1987-03-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

THE MADILL BANK & TRUST COMPANY of MADILL, OK was closed by regulators on **1987-03-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST AMERICAN NATIONAL** (TISHOMINGO, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1394
- **FDIC Certificate:** 4243
- **FDIC FIN:** 2666
- **Bank name:** THE MADILL BANK & TRUST COMPANY
- **Location:** MADILL, OK
- **Failure date:** 1987-03-20
- **FDIC resolution date:** 1987-03-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $39M
- **Assets at failure:** $40M
- **Acquiring bank:** FIRST AMERICAN NATIONAL (TISHOMINGO, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20MADILL%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE MADILL BANK & TRUST COMPANY (FDIC ID 1394), failed 1987-03-20. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1394.

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