# MADISON BANK & TRUST COMPANY

> **Failed bank** · RICHMOND, LA · failed 1987-12-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

MADISON BANK & TRUST COMPANY of RICHMOND, LA was closed by regulators on **1987-12-03**. The FDIC was named receiver.

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

Deposits were transferred to **GUARANTY B&T CO OF DELHI** (DELHI, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1570
- **FDIC Certificate:** 23205
- **FDIC FIN:** 2751
- **Bank name:** MADISON BANK & TRUST COMPANY
- **Location:** RICHMOND, LA
- **Failure date:** 1987-12-03
- **FDIC resolution date:** 1987-12-03
- **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:** $3M
- **Deposits at failure:** $10M
- **Assets at failure:** $10M
- **Acquiring bank:** GUARANTY B&T CO OF DELHI (DELHI, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MADISON BANK & TRUST COMPANY (FDIC ID 1570), failed 1987-12-03. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1570.

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