On Friday, October 30, 2009, Madisonville State Bank was closed by the Texas Department of Banking. The FDIC was named Receiver. U.S. Bank National Association (U.S. Bank), Minneapolis, MN acquired all deposit accounts.
The FDIC as Receiver for Madisonville State Bank, Madisonville, TX has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on October 19, 2018 and has made all dividend distributions required by law.
Effective April 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: U.S. BANK NATIONAL ASSOCIATION
About U.S. Bank
All deposit accounts, including brokered deposits, were transferred to U.S. Bank National Association (U.S. Bank), Minneapolis, MN ("assuming institution"). Former Madisonville State Bank locations reopened as branches of U.S. Bank.
Your transferred deposits were separately insured from any accounts you may have already had at U.S. Bank for at least six months after the failure of Madisonville State Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with U.S. Bank as long as the deposits are not pledged as collateral for loans.
Contacting U.S. Bank
You can contact U.S. Bank:
U.S. Bank
425 Walnut Street
Cincinnati,OH 45202
U.S. Bank (www.usbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1 Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank