# THE FIRST NATIONAL BANK OF WORTH

> **Failed bank** · WORTHAM, TX · failed 1991-02-14 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK OF WORTH of WORTHAM, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $7M
- **Acquiring bank:** FARMERS STATE BANK (GROESBECK, TX)

## Other banks FARMERS STATE BANK has acquired in FDIC resolutions

- THE GARNETT S & L ASSOC. (GARNETT, KS) — failed 1989-12-07 — /failed-bank/2579
- THE FALUN STATE BANK (FALUN, KS) — failed 1987-12-29 — /failed-bank/1586
- BANK OF PANAMA (PANAMA, NE) — failed 1985-12-19 — /failed-bank/1122
- THE BANK OF RED OAK (RED OAK, OK) — failed 1983-12-16 — /failed-bank/840

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20WORTH

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF WORTH (FDIC ID 3017), failed 1991-02-14. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3017.

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