# WORTHINGTON STATE BANK

> **Failed bank** · WORTHINGTON, IN · failed 1991-11-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

WORTHINGTON STATE BANK of WORTHINGTON, IN was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $34M
- **Assets at failure:** $37M
- **Acquiring bank:** FIRST FARMERS STATE BANK (SULLIVAN, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WORTHINGTON%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WORTHINGTON STATE BANK (FDIC ID 3234), failed 1991-11-14. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/3234.

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