THE MADISON COUNTY BANK Failed 1983

FREDERICKTOWN, MO · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE MADISON COUNTY BANK of FREDERICKTOWN, MO was closed on 1983-01-21. The FDIC was named receiver.

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

Deposits were transferred to MADISON EXCHANGE BANK (FREDERICKTOWN, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
746
FDIC Certificate
8593
FDIC FIN
2333
Bank name
THE MADISON COUNTY BANK
Location
FREDERICKTOWN, MO
Failure date
1983-01-21
FDIC resolution date
1983-01-21
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$7M
Assets at failure
$7M
Acquiring bank
MADISON EXCHANGE BANK (FREDERICKTOWN, MO)