Bank failure · IA
The Bedford National Bank (Bedford, IA) — failed May 1, 1986
The Bedford National Bank of Bedford, Iowa was closed on May 1, 1986 and resolved through a purchase and assumption. American National Bank (IA) took over its insured deposits. At failure it held $19.3M in assets and $18.4M in deposits. The FDIC's estimated loss on the failure is $4.6M (24.1% of assets).
- Closing date
- May 1, 1986
- FDIC certificate #
- 4426
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American National Bank
- Insurance fund
- FDIC
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