Data / Bank failures / 1991 / The First National Bank of Worth
The First National Bank of Worth, Wortham, TX: failed February 14, 1991
The First National Bank of Worth in Wortham, Texas, failed on February 14, 1991. Farmers State Bank of Groesbeck, TX, took over its deposits. It held $7.3 million in assets and $7.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.1 million (29% of its assets). By assets it was the 269th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- February 14, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Farmers State Bank, Groesbeck, TX
- Total assets
- $7,282,000
- Total deposits
- $7,709,000
- Estimated cost to the FDIC
- $2,111,420 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 5594
Other bank failures in Texas, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks Farmers State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Garnett S & L Assoc. | Garnett | KS | December 7, 1989 | $13.6 million | $14.5 million | $794,302 | Farmers State Bank |
| The Falun State Bank (assistance) | Falun | KS | December 29, 1987 | $3.1 million | $3.1 million | $50,000 | Farmers State Bank |
| Bank of Panama | Panama | NE | December 19, 1985 | $4.4 million | $4.3 million | $1.4 million | Farmers State Bank |
| The Bank of Red Oak | Red Oak | OK | December 16, 1983 | $11.1 million | $10.5 million | $2.8 million | Farmers State Bank |
All bank failures in 1991 · All bank failures in Texas · Every failed bank Farmers State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.