# BEDFORD SAVINGS ASSOC.

> **Failed bank** · BEDFORD, TX · failed 1989-04-06 · SL · FDIC cost $76M

## What happened

BEDFORD SAVINGS ASSOC. of BEDFORD, TX was closed by state regulators on **1989-04-06**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST AMERICAN SAVINGS BANC** (NORTH RICHLAND H, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2347
- **FDIC Certificate:** 32278
- **FDIC FIN:** 6965
- **Bank name:** BEDFORD SAVINGS ASSOC.
- **Location:** BEDFORD, TX
- **Failure date:** 1989-04-06
- **FDIC resolution date:** 1990-04-20
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $76M
- **Deposits at failure:** $103M
- **Assets at failure:** $91M
- **Acquiring bank:** FIRST AMERICAN SAVINGS BANC (NORTH RICHLAND H, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BEDFORD SAVINGS ASSOC. (FDIC ID 2347), failed 1989-04-06. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2347.

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