TellerScore

Bank failure · TX

Madisonville State Bank (Madisonville, TX) — failed October 30, 2009

Madisonville State Bank of Madisonville, Texas was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $256.3M in assets and $224.7M in deposits.

Closing date
October 30, 2009
FDIC certificate #
33782
Resolution
Purchase and assumption (failure)
Acquiring institution
U.S. Bank, NA
Insurance fund
DIF
Pre-failure filings
Last reported financials

Other failures in 2009

What happens when a bank fails