The Graveyard › Banks › 1986
The Bedford National Bank
Bedford, IA · failed May 1, 1986 · FDIC certificate 4426
The Bedford National Bank of Bedford, IA failed on May 1, 1986. It opened in 1871, 115 years before. At its last report before that it held $19.3 million in assets and $18.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.6 million on it.
1984-031985-12
Assets at the end$19.3 millionlast report before May 1, 1986
Deposits at the end$18.4 million
Estimated loss to the fund$4.6 millionFDIC
Equity to assets3.2%December 31, 1985
Loans not being repaid9.7%noncurrent, December 31, 1985
Return on assets-3.16%a year's rate, December 31, 1985
Staff14full time, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.