Data / Bank failures / 1983 / The Madison County Bank
The Madison County Bank, Fredericktown, MO: failed January 21, 1983
The Madison County Bank in Fredericktown, Missouri, failed on January 21, 1983. Madison Exchange Bank of Fredericktown, MO, took over its deposits. It held $7 million in assets and $6.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $729,623 (10.4% of its assets). By assets it was the 97th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- January 21, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Madison Exchange Bank, Fredericktown, MO
- Total assets
- $7,000,000
- Total deposits
- $6,758,000
- Estimated cost to the FDIC
- $729,623 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 8593
Other bank failures in Missouri, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Princeton State Bank | Princeton | December 19, 1985 | $18.4 million | $16.8 million | $5.8 million | |
| Lake National Bank | Lake Ozark | December 13, 1985 | $19.8 million | $19.1 million | $2.1 million | Central Lake State Bank |
| The Farmers State Bank of Barry County, Ex | Exeter | December 13, 1985 | $4.2 million | $4.1 million | $1.2 million | Security Bank of SW Mo |
| The Clarksdale Bank of Clarkdale | Clarksdale | November 21, 1985 | $6.2 million | $5.8 million | $2 million | United Mo Bank of Clarks |
| The First National Bank of ST. Joseph | ST. Joseph | October 11, 1985 | $193.5 million | $175.9 million | $27.1 million | Commerce BK of ST Joseph |
| Missouri Delta Bank | Hayti | August 28, 1985 | $9.1 million | $8.1 million | $1.4 million | Bank of Hayti |
| Cardwell State Bank | Cardwell | August 28, 1985 | $6.2 million | $5.7 million | $867,705 | MERCHANTS&PLANTERS BK Ho |
| Linn County Bank | Linneus | July 19, 1985 | $5.4 million | $5.3 million | $2.2 million | United Mo Bank of Linn C |
All bank failures in 1983 · All bank failures in Missouri · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.