Bank failure · AR
Madison Guaranty S & LA (McCrory, AR) — failed March 2, 1989
Madison Guaranty S & LA of McCrory, Arkansas was closed on March 2, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $114.7M in assets and $98.8M in deposits. The FDIC's estimated loss on the failure is $61.8M (53.9% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31917
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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