The Graveyard › Banks › 1991
Worthington State Bank
Worthington, IN · failed November 14, 1991 · FDIC certificate 12124
Worthington State Bank of Worthington, IN failed on November 14, 1991. It opened in 1933, 58 years before. At its last report before that it held $36.6 million in assets and $34.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $49.8 million. The FDIC estimates that the Bank Insurance Fund lost $1.4 million on it.
1984-031991-09
Assets at the end$36.6 millionlast report before November 14, 1991
Deposits at the end$34.2 million
Estimated loss to the fund$1.4 millionBIF
Largest in the quarterly reports$49.8 millionDecember 31, 1989
Equity to assets5.6%September 30, 1991
Loans not being repaid15.5%noncurrent, September 30, 1991
Return on assets-0.56%a year's rate, September 30, 1991
Staff12full time, September 30, 1991
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.