THE FIRST NATIONAL BANK OF WORTH Failed 1991
What happened
THE FIRST NATIONAL BANK OF WORTH of WORTHAM, TX was closed on 1991-02-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS STATE BANK (GROESBECK, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3017
- FDIC Certificate
- 5594
- FDIC FIN
- 4324
- Bank name
- THE FIRST NATIONAL BANK OF WORTH
- Location
- WORTHAM, TX
- Failure date
- 1991-02-14
- FDIC resolution date
- 1991-02-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $8M
- Assets at failure
- $7M
- Acquiring bank
- FARMERS STATE BANK (GROESBECK, TX)
Other banks FARMERS STATE BANK acquired in FDIC resolutions