Madison National Bank of Virginia
Mclean, VA · Owner: James Madison LTD
$174M
total assets, March 31, 1991
$174M
total assets, March 31, 1991
Madison National Bank of Virginia was a national bank in Mclean, VA, owned by James Madison LTD. It failed on May 10, 1991, and Signet Bank - Virginia took over its deposits. At its last report it held $174.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 10, 1991
- Assets
- $174M
- Deposits
- $159M
- Estimated cost
- $18.2M
- Deposits went to
- Signet Bank - Virginia, Richmond, VA
Total assets
$174M
-11.9% in a year · -8.4% in a quarter
Deposits
$159M
-1.3% in a year · -9.1% in a quarter
Loans
$120M
-17.9% in a year · -7.1% in a quarter
Profit so far
-$2.7M
Jan 1 to Mar 31, 1991 · -4325.0% in a year
Capital ratio
-3.08%
-9.11 pts in a year
Return on assets
-5.94%
-6.07 pts in a year
Facts
- Type
- National bank
- Head office
- 6832 Old Dominion Drive, Mclean, VA, 22101
- County
- Fairfax
- Holding company
- James Madison LTD
- Established
- Jul 1, 1970
- Failed
- May 10, 1991
- Employees
- 52
- Id
- b20210
Quarter by quarter
March 31, 1984 to March 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Madison National Bank of Virginia?
$174.2 million in total assets and $159.4 million in deposits as of March 31, 1991, with assets down 11.9% from a year before. Its loans were $120.2 million.
Is Madison National Bank of Virginia profitable?
No: it lost $2.70 million from January 1 to March 31, 1991. Its return on assets was -5.94% a year; about 1% is typical.
Who owns Madison National Bank of Virginia?
Madison National Bank of Virginia is owned by James Madison LTD, its holding company.
When did Madison National Bank of Virginia fail?
May 10, 1991. Signet Bank - Virginia of Richmond, VA took over its deposits. The estimated cost of the failure was $18.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.