Bank failure · MO
The Madison County Bank (Fredericktown, MO) — failed January 21, 1983
The Madison County Bank of Fredericktown, Missouri was closed on January 21, 1983 and resolved through a purchase and assumption. Madison Exchange Bank (MO) took over its insured deposits. At failure it held $7.0M in assets and $6.8M in deposits. The FDIC's estimated loss on the failure is $730K (10.4% of assets).
- Closing date
- January 21, 1983
- FDIC certificate #
- 8593
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Madison Exchange Bank
- Insurance fund
- FDIC
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