[c#] Convert string to Color in C#

Since the OP mentioned in a comment that he's using Microsoft.Xna.Framework.Graphics.Color rather than System.Drawing.Color you can first create a System.Drawing.Color then convert it to a Microsoft.Xna.Framework.Graphics.Color

public static Color FromName(string colorName)
{
    System.Drawing.Color systemColor = System.Drawing.Color.FromName(colorName);   
    return new Color(systemColor.R, systemColor.G, systemColor.B, systemColor.A); //Here Color is Microsoft.Xna.Framework.Graphics.Color
}