Data / Bank failures / 1991 / Worthington State Bank
Worthington State Bank, Worthington, IN: failed November 14, 1991
Worthington State Bank in Worthington, Indiana, failed on November 14, 1991. First Farmers State Bank of Sullivan, IN, took over its deposits. It held $36.6 million in assets and $34.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (3.9% of its assets). By assets it was the 193rd largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- November 14, 1991
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First Farmers State Bank, Sullivan, IN
- Total assets
- $36,646,000
- Total deposits
- $34,227,000
- Estimated cost to the FDIC
- $1,426,927 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 12124
Other bank failures in Indiana, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Rushville National Bank | Rushville | December 18, 1992 | $41.6 million | $39.7 million | $6 million | Peoples Trust Co |
| First Commerce SB, FSB | Lowell | June 14, 1991 | $10.9 million | $10.5 million | $1.4 million | Centier Bank |
| Hometown Savings Bank FSB | Delphi | June 8, 1990 | $64.7 million | $58.7 million | $8.1 million | |
| First Federal S & L /central Indiana | Anderson | November 16, 1989 | $192.4 million | $176.7 million | $15.1 million | Shelby FSB |
| Pioneer Savings FA | Plymouth | July 13, 1989 | $81 million | $92.3 million | $1.2 million | Ameritrust NB |
All bank failures in 1991 · All bank failures in Indiana · 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.