: SAGE: Madison Guaranty Savings and Loan Association

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Madison Guaranty Savings and Loan Association

Madison Guaranty Savings and Loan Association started operations in 1982 and was part of the major failure in savings and loan companies in the late 1980s. It was formed as Jim McDougal–Susan McDougal Madison Guaranty Savings and Loan and was based in Little Rock, Arkansas, where it was a financial trust company, although its legal headquarters were in Augusta, Woodruff County, Arkansas. [Source: Encyclopedia of White-Collar and Corporate Crime; Madison Guaranty Savings and Loan Association]

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