WORTHINGTON STATE BANK Failed 1991
What happened
WORTHINGTON STATE BANK of WORTHINGTON, IN was closed on 1991-11-14. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST FARMERS STATE BANK (SULLIVAN, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3234
- FDIC Certificate
- 12124
- FDIC FIN
- 4426
- Bank name
- WORTHINGTON STATE BANK
- Location
- WORTHINGTON, IN
- Failure date
- 1991-11-14
- FDIC resolution date
- 1991-11-14
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $34M
- Assets at failure
- $37M
- Acquiring bank
- FIRST FARMERS STATE BANK (SULLIVAN, IN)