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Bank Branches › Closed and merged banks › Maryland › Madison Bank of Maryland

FDIC certificate 24368 · Silver Spring, MD

What happened to Madison Bank of Maryland?

Madison Bank of Maryland in Silver Spring, MD (earlier called First Continental Bank of Maryland) merged into Madison National Bank of Washington, DC on Apr 29, 1991. After 5 more changes of hands, what was Madison Bank of Maryland is today part of Wells Fargo Bank, National Association (Sioux Falls, SD).

1983
opened
1991
merged away
2
names it used
6
steps to today's bank

The chain, step by step

From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.

  1. 1983
    First Continental Bank of Maryland opens in Silver Spring, MD
  2. Jan 1, 1987
    renamed Madison Bank of Maryland
  3. Apr 29, 1991
    MERGEDMadison Bank of Maryland merged into Madison National Bank of Washington, DC.FDIC certificate 24368 ends; its business continues under certificate 18960.
  4. May 10, 1991
    FAILEDMadison National Bank of Washington, DC failed, and Signet Bank, National Association of Falls Church, VA took it over.FDIC certificate 18960 ends; its business continues under certificate 12544.
  5. Jun 1, 1996
    MERGEDSignet Bank, National Association of Falls Church, VA merged into Signet Bank of Richmond, VA.FDIC certificate 12544 ends; its business continues under certificate 11589.
  6. Nov 29, 1997
    MERGEDSignet Bank of Richmond, VA merged into First Union National Bank of Charlotte, NC.FDIC certificate 11589 ends; its business continues under certificate 4885.
  7. Feb 26, 1998
    MERGEDFirst Union National Bank of Charlotte, NC merged into First Union National Bank of Charlotte, NC.FDIC certificate 4885 ends; its business continues under certificate 33869.
  8. Mar 20, 2010
    MERGEDFirst Union National Bank (by then renamed Wachovia Bank, National Association) of Charlotte, NC merged into Wells Fargo Bank, National Association of Sioux Falls, SD.FDIC certificate 33869 ends; its business continues under certificate 3511.
  9. Today
    OPEN
    Wells Fargo Bank, National AssociationMain office Sioux Falls, SD · FDIC certificate 3511 · 4,157 offices in 40 states on June 30, 2026

    Every Wells Fargo Bank, National Association office →   Website on file with the FDIC: www.wellsfargo.com

If you still have something from Madison Bank of Maryland

A lien that was never released

Madison National Bank failed on May 10, 1991. For a failed bank placed in FDIC receivership, the FDIC may be able to issue the lien release, if the loan was paid off to the bank before it failed or to the FDIC afterward. The FDIC says that where a failed bank had an acquirer, its records in most cases went to that acquirer. Here the chain from the acquirer leads to Wells Fargo Bank, National Association, which is worth asking too.

Requests go through the FDIC Information and Support Center with the recorded mortgage or title, and proof of payoff. The FDIC says to allow 30 business days once it has every document, and does not take requests by phone or email. Questions: FDIC Resolution Inquiries, 888-206-4662, 8am–4pm Central on weekdays.

An old account, passbook or CD

When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Signet Bank, National Association). Start with Wells Fargo Bank, National Association, and ask them to search under the name Madison Bank of Maryland.

This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.

A safe deposit box

The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Wells Fargo Bank, National Association. A box abandoned for years may have been turned over to the state's unclaimed-property program.

Box contents are not covered by FDIC insurance.

Not sure this is your bank?

Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.

Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.

One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.

This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.

Where the guidance comes from ▾

Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 24368 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.