Bank failure · KS

Madison Bank (Madison, KS) — failed July 2, 1985

Madison Bank of Madison, Kansas was closed on July 2, 1985 and resolved through a purchase and assumption. First Nb of Madison (KS) took over its insured deposits. At failure it held $8.4M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $2.5M (29.5% of assets).