Ferric Hydroxide does not react with EDTA at room temperature and pressure. It requires a quite elaborate method of manufacture...
... I don't know if Ammonium Bicarbonate could be used. I never tried it...
Well, I did some experimentation regarding Ferric Ammonium EDTA synthesis and things are looking good. I started by precipitating EDTA free acid from EDTA 4Na, using sodium bisulfate. I also precipitated ferric hydroxide from ferric chloride hexahydrate using sodium carbonate. I noted the ferric chloride quantity I used, because the resultant sludge can't be weighed in order to get a precise amount. All of it would be used as is. Tiny scale experiments confirmed that ferric hydroxide can react with EDTA free acid, but the solution must reach the boiling point. Anyway, I loaded the ferric hydroxide sludge to a borosilicate glass beaker and added some water. I heated it to loosen the clumps and most of them were gone. At that point I added the EDTA I'd have to use and started stirring. As the mixture was getting close to the boiling point, the rusty bits of ferric hydroxide seemed to disappear slowly. At that point I added what ammonium bicarbonate I'd have to use and it fizzed vigorously. In hindsight, that's probably not the right thing to do.
I probably should have let all the ferric hydroxide react with the EDTA and even add more EDTA if some bits remain for a long time. Then I'd have to add the ammonium base, be it bicarbonate, or ammonia solution. I used ammonium bicarbonate and this was probably not that good an idea as I thought it was. You see, ammonium bicarbonate decomposes at 41,9°C, so adding it to a very hot solution makes it fizz a lot. So, this gave me the impression that even more ammonium bicarbonate was needed. Anyway, to cut a long story short, I added an excess of it and probably an excess of EDTA, but all the ferric hydroxide was gone at the end. I also boiled the solution a bit, in order to drive any dissolved ammonia off the solution. After it cooled a bit, I filtered it with a coffee filter, but nothing was caught there. The solution had a deep ruby red colour and it was very clear, although rather hard to judge as can be seen at the following photo:
Based on my calculations, this has about 12% w/v ferric ammonium EDTA dihydrate. After the solution had reached room temperature a pH measurement revealed that in was nearly pH neutral. At this point I used some of it to make 50ml of a bleach solution. The formula I used was the one in (there was a url link here which no longer exists) by Heinz Anderle, but with some modifications. I didn't add any EDTA 2Na and didn't use nitric acid to adjust pH. 60% acetic acid was used instead. For a bleaching test I used a scrap leader of Tri-X. At 26°C it took about 6' to completely bleach the film (fixing for about a minute in Agfa 304 cleared the film). I don't know how good a bleach it will be for C41 or E6. Lacking an accelerator*, it means that it might not be as good as a commercial one. But still, it was fun and a very educational experience.
* The formula by Heinz doesn't have one either, but the pre-bleach solution does.