Bank failure · TX

The First National Bank of Worth (Wortham, TX) — failed February 14, 1991

The First National Bank of Worth of Wortham, Texas was closed on February 14, 1991 and resolved through a purchase and assumption. Farmers State Bank (TX) took over its insured deposits. At failure it held $7.3M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $2.1M (29.0% of assets).