Madison National Bank
Washington, DC · Owner: James Madison LTD
$474M
total assets, March 31, 1991
$474M
total assets, March 31, 1991
Madison National Bank was a national bank in Washington, DC, owned by James Madison LTD. It failed on May 10, 1991, and Signet Bank, National Assoc took over its deposits. At its last report it held $473.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 10, 1991
- Assets
- $474M
- Deposits
- $404M
- Estimated cost
- $77.8M
- Deposits went to
- Signet Bank, National Assoc, Washington, DC
Total assets
$474M
+3.4% in a year · -6.7% in a quarter
Deposits
$404M
+9.7% in a year · +5.8% in a quarter
Loans
$381M
+10.1% in a year · +13.8% in a quarter
Profit so far
-$4.5M
Jan 1 to Mar 31, 1991 · -568.4% in a year
Capital ratio
-1.34%
-7.75 pts in a year
Return on assets
-3.27%
-4.06 pts in a year
Facts
- Type
- National bank
- Head office
- 1730 M Street, N.W., Washington, DC, 20036
- County
- District Of Columbia
- Holding company
- James Madison LTD
- Established
- Dec 2, 1963
- Failed
- May 10, 1991
- Employees
- 228
- Id
- b18960
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?
$473.8 million in total assets and $404.2 million in deposits as of March 31, 1991, with assets up 3.4% from a year before. Its loans were $381.2 million.
Is Madison National Bank profitable?
No: it lost $4.46 million from January 1 to March 31, 1991. Its return on assets was -3.27% a year; about 1% is typical.
Who owns Madison National Bank?
Madison National Bank is owned by James Madison LTD, its holding company.
When did Madison National Bank fail?
May 10, 1991. Signet Bank, National Assoc of Washington, DC took over its deposits. The estimated cost of the failure was $77.8 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.