The Graveyard › Banks › 1991
The First National Bank of Worth
Wortham, TX · failed February 14, 1991 · FDIC certificate 5594
The First National Bank of Worth of Wortham, TX failed on February 14, 1991. It opened in 1903, 88 years before. At its last report before that it held $7.3 million in assets and $7.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $15.1 million. The FDIC estimates that the Bank Insurance Fund lost $2.1 million on it.
1984-031990-12
Assets at the end$7.3 millionlast report before February 14, 1991
Deposits at the end$7.7 million
Estimated loss to the fund$2.1 millionBIF
Largest in the quarterly reports$15.1 millionDecember 31, 1986
Equity to assets-6.3%December 31, 1990
Loans not being repaid17.6%noncurrent, December 31, 1990
Return on assets-7.06%a year's rate, December 31, 1990
Staff6full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.