Data / Bank failures / 1988 / American National Bank
American National Bank, Parma, OH: received FDIC assistance February 12, 1988
American National Bank in Parma, Ohio, received open bank assistance from the FDIC on February 12, 1988. It held $27.8 million in assets and $25.4 million in deposits at its last report. By assets it was the 345th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- February 12, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- American National Bank, Parma, OH
- Total assets
- $27,774,000
- Total deposits
- $25,421,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 18806
Other bank failures in Ohio, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mid-America FS & La | Columbus | December 15, 1990 | $1.21 billion | $894.3 million | $71,279 | NBD Bank |
| Superior Fsa | Cleveland | October 23, 1990 | $95.9 million | $58 million | $20.6 million | Home FSB, Northern Oh |
| Pioneer FS & La | Marietta | June 29, 1990 | $9.5 million | $9.1 million | $1 million | |
| First Savings & Loan | Massilon | April 20, 1990 | $168.2 million | $157.9 million | $14.4 million | |
| First Bank National Association | Cleveland | March 9, 1990 | $33.1 million | $32.1 million | $2.2 million | |
| Freedom Sa | Columbus | February 16, 1990 | $360.4 million | $311.9 million | $42.7 million | |
| Civic Savings Bank | Portsmouth | June 8, 1989 | $98.7 million | $101.3 million | $12.9 million | |
| Midland Buckeye Savings | Alliance | March 30, 1989 | $218.8 million | $212.3 million | $24.9 million | Citizens Banking Co. |
Other failed banks American National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bank of Wilson | Wilson | OK | July 26, 1990 | $13 million | $13 million | $1.8 million | American National Bank |
| The Security State Bank | Comanche | OK | September 22, 1988 | $9 million | $8.9 million | $1.6 million | American National Bank |
| The First National Bank of Hammon | Hammon | OK | September 3, 1987 | $6.3 million | $5.8 million | $1.6 million | American National Bank |
| The Bedford National Bank | Bedford | IA | May 1, 1986 | $19.3 million | $18.4 million | $4.6 million | American National Bank |
All bank failures in 1988 · All bank failures in Ohio · Every failed bank American National Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.