# THE BEDFORD NATIONAL BANK

> **Failed bank** · BEDFORD, IA · failed 1986-05-01 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

THE BEDFORD NATIONAL BANK of BEDFORD, IA was closed by the OCC on **1986-05-01**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **AMERICAN NATIONAL BANK** (BEDFORD, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1189
- **FDIC Certificate:** 4426
- **FDIC FIN:** 2555
- **Bank name:** THE BEDFORD NATIONAL BANK
- **Location:** BEDFORD, IA
- **Failure date:** 1986-05-01
- **FDIC resolution date:** 1986-05-01
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $18M
- **Assets at failure:** $19M
- **Acquiring bank:** AMERICAN NATIONAL BANK (BEDFORD, IA)

## Other banks AMERICAN NATIONAL BANK has acquired in FDIC resolutions

- BANK OF WILSON (WILSON, OK) — failed 1990-07-26 — /failed-bank/2853
- THE SECURITY STATE BANK (COMANCHE, OK) — failed 1988-09-22 — /failed-bank/1931
- AMERICAN NATIONAL BANK (PARMA, OH) — failed 1988-02-12 — /failed-bank/1626
- THE FIRST NATIONAL BANK OF HAMMON (HAMMON, OK) — failed 1987-09-03 — /failed-bank/1507

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BEDFORD%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BEDFORD NATIONAL BANK (FDIC ID 1189), failed 1986-05-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1189.

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