Bio of Thomas MADIGAN (b.1861), Wright Co., MN
Pages 905, 906
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905            HISTORY OF WRIGHT COUNTY                            

The Maple Lake State Bank was established as a private bank July 15, 
1896, by W. E. Feeney, and was incorporated May 3, 1904, by W. E. 
Feeney, Thomas Madigan, Thomas Jude, Owen Daily, W. Westrup and J. 
E. Madigan. The first officers were: President, W. E. Feeney; vice 
president, J. E. Madigan; cashier, Thomas Madigan; directors, W. E. 
Feeney, Thomas Jude, Owen Daily, J. E. Madigan and A. Westrup. The
bank erected its own building in 1896. The officers and directors 
remain unchanged, except that Frank Jude, on January 2, 1906, took the 
place of A. Westrup as one of the directors. The capital of the bank 
is $15,000, the surplus $5,000. The motto of the bank is " Security,
Courtesy and Service," and the institution has done its part toward the 
progress and development of the community. It is a credit to the bank 
and an evidence of the progress of the patrons that the business has 
shown a steady increase each year since its establishment in 1896. 
Following is a statement of the condition of the bank at the close 
of business October 31, 1914: Resources-Loans and discounts, $247,004.14; 
overdrafts, $61.84; bonds and securities, $35,160.90; banking house, 
furniture and fixtures, $6,075.75; total cash assets, $36,270.66; 
total, $324,573.29. Liabilities-Capital stock and surplus, $20,000; 
undivided profits, net, $1,480.65; deposits, $302,092.64; total, 
$324,573.29; amount of reserve on hand, $36,270.66; amount of reserve 
required by law, $12,293.92. 

Thomas Madigan, banker, Maple Lake, was born in the township of 
Maple Lake, January 7, 1861, son of James and Mary 0. (Laughlin) 
Madigan, natives of Ireland, who came to America about 1854, located 
for a while in Ohio, and in 1857 came to Wright county and took up 
farming in Maple Lake township. The father died July 31, 1910, and 
the mother now makes her home in Maple Lake. In the family there 
were seven children: Mary, widow of J. W. Murry, of Foley, Minn.; 
Andrew (deceased) and Thomas, twins; Bridget (deceased); James E., an 

906            HISTORY OF WRIGHT COUNTY 

attorney; Anna, wife of R. M. Glynn, of Maple Lake; and Emma, wife 
of William P. Strait, of St. Paul. Thomas Madigan received a district 
and High school education, and was reared to agricultural pursuits. 
He spent one year in buying and shipping wheat in North Dakota. 
In 1897 he assisted in organizing the Maple Lake State Bank, of Maple 
Lake, and became its cashier, a position he still retains. His 
personality and standing have  been important factors in the success 
of that institution. He is a Democrat, and a member of the A. 0. U. W. 
and the M. B. A. He has served on the village council. The family 
church is the Catholic. Mr. Madigan was married, January 4, 1904, 
to Grace Desmond, of Maple Lake, and they have two children: 
Timothy Irving and Paul James. Timothy Irving is a student at the 
University of Minnesota. He holds a medal as champion amateur 
lightweight (135 pounds) wrestler. Paul James attends the High school.