Calendar Year
1991 in US Banking
2,251 bank events are on record for 1991: 268 failures, 953 mergers or acquisitions involving a bank, credit union or bank holding company, and 1,027 enforcement actions.
268
Failures
$143.44B in failed assets
953
Mergers
Federal Reserve NIC, banking organizations
1,027
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
3
Assistance
FDIC open-bank assistance
Jump to: Bank failures 1991 · Bank mergers 1991
How many banks failed in 1991?
268 banks failed in 1991, with $143.44B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Sep 27, 1991 | First Federal Savings | $251.2M |
| Sep 27, 1991 | Eastern FS & La of Sayville | $249.5M |
| Sep 27, 1991 | Nutley Savings & Loan | $188.6M |
| Sep 27, 1991 | Plymouth FSA | $174.7M |
| Sep 27, 1991 | Home FS & La of Harlan | $91.4M |
| Sep 27, 1991 | Midcounty Bank and Trust Company | $62.1M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 20, 1991 | Bank Five for Savings | $386.6M |
| Sep 20, 1991 | Mid-Jersey National Bank | $29.5M |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Sep 19, 1991 | Abraham Lincoln FSA | $189.1M |
| Sep 19, 1991 | Southeast Bank of West Florida | $97.3M |
| Sep 13, 1991 | Davy Crockett FS & La | $50.5M |
| Sep 13, 1991 | Evergreen FS & La | $40.3M |
| Sep 13, 1991 | Valley Bank | $33.7M |
| Sep 6, 1991 | United Home Federal | $443.4M |
| Sep 6, 1991 | Suffield Bank | $294.8M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Sep 6, 1991 | Bay FSB | $58.1M |
| Sep 6, 1991 | The Family Bank and Trust | $46.7M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Aug 30, 1991 | Lowell Institution for Savings | $386.4M |
| Aug 30, 1991 | Homestead FSA | $223.2M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 30, 1991 | Hillsborough Bank and Trust Co | $49.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Aug 29, 1991 | First National Bank and Trust Co | $33.5M |
| Aug 29, 1991 | The San Saba National Bank | $15.6M |
| Aug 23, 1991 | Merchants & Mechanics FSB | $209.9M |
| Aug 23, 1991 | First FS & La | $73.1M |
| Aug 23, 1991 | New Age FSA | $9.2M |
| Aug 22, 1991 | Buchel Bank & Trust Co. | $25.0M |
| Aug 22, 1991 | First Mexia Bank | $22.5M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Aug 16, 1991 | Northwest National Bank | $29.4M |
| Aug 16, 1991 | Enfield National Bank | $19.0M |
| Aug 16, 1991 | Centre Sa, F.A. | $15.2M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Aug 9, 1991 | Citytrust | $1.92B |
| Aug 9, 1991 | Mechanics and Farmers Savings Bank | $1.08B |
| Aug 9, 1991 | Larchmont FS & La | $123.8M |
| Aug 9, 1991 | Bank of South Palm Beaches | $61.3M |
| Aug 9, 1991 | First FS & La of Thief River Falls | $54.6M |
| Aug 9, 1991 | Southcoast Bank Corporation | $26.1M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Aug 2, 1991 | Coral Coast FSB | $61.2M |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 26, 1991 | Suburban National Bank | $91.1M |
| Jul 26, 1991 | The Housatonic Bank & Trust Co | $69.1M |
| Jul 26, 1991 | Westland FS & La | $31.8M |
Which banks merged in 1991?
953 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1991.
See the fuller list: Bank mergers 1991 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Jul 27, 1991 | Key Bank of Central New York, National Association | KeyBank National Association |
| Jul 27, 1991 | (unnamed) | The Bank of San Diego |
| Jul 27, 1991 | The Oxford Bank | Cornerbank |
| Jul 27, 1991 | Key Bank of Western New York National Association | KeyBank National Association |
| Jul 26, 1991 | Roseville Bancorp, Inc. | Midamerica Bancorporation, Inc. |
| Jul 26, 1991 | Rea Employees Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Jul 25, 1991 | Montrose M C Employees Federal Credit Union | Penn East Federal Credit Union |
| Jul 24, 1991 | Mount Calm Federal Credit Union | Shreveport Federal Credit Union |
| Jul 23, 1991 | First Federal Savings and Loan Association | First Empire Federal Savings and Loan Association |
| Jul 23, 1991 | McKinney Municipal Credit Union | LegacyTexas Bank |
| Jul 22, 1991 | The First National Bank in Dolton | South Holland Trust & Savings Bank |
| Jul 22, 1991 | First Dolton Corp. | South Holland Bancorp, Inc. |
| Jul 20, 1991 | First National Bank of Mt. Zion | The First National Bank of Decatur |
| Jul 19, 1991 | Mobile Radio Employees Credit Union | Safe Federal Credit Union |
| Jul 19, 1991 | Mid-South Bank & Trust Company | SunTrust Bank, Nashville, National Association |
| Jul 19, 1991 | Third Financial Services Incorporated | SunTrust Bank, Nashville, National Association |
| Jul 19, 1991 | Sequoyah State Bank of Muldrow | Armstrong Bank |
| Jul 10, 1991 | Battle Creek Bank | MidAmerica Bank Maplewood |
| Jul 8, 1991 | Syremp Credit Union, Inc. | Tri-County Credit Union, Inc. |
| Jul 1, 1991 | Firstar Hugo Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Ibew Local 270 Fcu | Y-12 Federal Credit Union |
| Jul 1, 1991 | Whitehall Leather Employees Credit Union | Harborlight Credit Union |
| Jul 1, 1991 | King-Lar Employees Credit Union | Staley Credit Union |
| Jul 1, 1991 | Wunda Weave Federal Credit Union | Spero Financial Federal Credit Union |
| Jul 1, 1991 | Lefebure Employees Credit Union | Quaker Oats Employees Credit Union |
| Jul 1, 1991 | First Wisconsin Bank of Waukesha | Firstar Bank Milwaukee, National Association |
| Jul 1, 1991 | First Interstate Bank of Laramie, National Association | First Interstate Bank of Wyoming, National Association |
| Jul 1, 1991 | First Interstate Bank of Riverton, National Association | First Interstate Bank of Wyoming, National Association |
| Jul 1, 1991 | FGL Empl Fcu | Coastline Federal Credit Union |
| Jul 1, 1991 | Alta Bates Federal Credit Union | Cooperative Center Federal Credit Union |
| Jul 1, 1991 | Christian Tabernacle Federal Credit Union | Steel Valley Federal Credit Union |
| Jul 1, 1991 | Firstar Eagan Bank, National Association | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | J F & Associates Credit Union | Triangle Credit Union |
| Jul 1, 1991 | Steel Products Employees Credit Union, Inc. | Day Air Credit Union, Inc. |
| Jul 1, 1991 | Uniflow Employees Federal Credit Union | Tri State Rail Federal Credit Union |
| Jul 1, 1991 | Firstar Stillwater Bank, National Association | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | First Interstate Bank of Cresco, National Association | Boatmen's Bank of North Iowa |
| Jul 1, 1991 | Guardian Savings & Loan Association | Cape Bank |
| Jul 1, 1991 | Elco Empl Fcu | Blair County Federal Credit Union |
| Jul 1, 1991 | Buena Vista Credit Union | Tucoemas Federal Credit Union |
| Jul 1, 1991 | General Fireproofing Employees Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Jul 1, 1991 | (unnamed) | The First Citizens National Bank of Upper Sandusky |
| Jul 1, 1991 | I.O.F. Norcal Federal Credit Union | Allied Trades Credit Union |
| Jul 1, 1991 | Aerostructures Empl Fcu | Heritage Credit Union |
| Jul 1, 1991 | Multibank National of Western Massachusetts | MultiBank West |
| Jul 1, 1991 | B C Financial Federal Credit Union | Logix Federal Credit Union |
| Jul 1, 1991 | AMCORE Bank Carpentersville | Amcore Bank National Association, Northwest |
| Jul 1, 1991 | Cleveland-Jackson Sa Cu | Tennessee Valley Federal Credit Union |
| Jul 1, 1991 | Dynalectron Employees Federal Credit Union | Money One Federal Credit Union |
| Jul 1, 1991 | Nashville Kemba Fcu | Ascend Federal Credit Union |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 28, 1991 | OCC_OTS | First Federal Savings and Loan Association | Orders of Removal/Prohibition: Louis Dungan |
| Aug 28, 1991 | OCC_OTS | First Federal Savings and Loan Association | Orders of Removal/Prohibition: Odie Malone |
| Aug 28, 1991 | OCC_OTS | First Western Savings Association | Supervisory Agreement: First Western Savings Association |
| Aug 28, 1991 | OCC_OTS | First Federal Savings and Loan Association | Orders of Removal/Prohibition: A. B. Brantley |
| Aug 28, 1991 | OCC_OTS | First Federal Savings and Loan Association | Orders of Removal/Prohibition: J. T. Dudley |
| Aug 27, 1991 | OCC | First National Bank Northwest Florida | Formal Agreement: First National Bank Of Northwest Florida |
| Aug 27, 1991 | OCC_OTS | Platte Valley Savings, a Federal Savings & Loan Association | Orders of Removal/Prohibition: Roylene T. Todd |
| Aug 27, 1991 | OCC_OTS | United Savings Bank | Supervisory Agreement: United Savings Bank |
| Aug 27, 1991 | OCC | The First National Bank of Peterstown | Civil Money Penalty (CMP): The First National Bank Of Peterstown |
| Aug 27, 1991 | OCC | First National Bank of Cedar Hill | Prohibition/Removal Orders: Starnes, Charles G. |
| Aug 26, 1991 | OCC_OTS | The Blue Ash Building and Loan Company | Civil Money Penalty: Neil S. Strawser |
| Aug 26, 1991 | OCC_OTS | Hyde Park Co-operative Bank | Cease and Desist: Hyde Park Co-Operative Bank |
| Aug 26, 1991 | OCC_OTS | Blue Ash Building and Loan Company | Civil Money Penalty: William S. Siders |
| Aug 26, 1991 | OCC_OTS | Tuskegee Savings and Loan Association, Federal Association | Orders of Removal/Prohibition: James T. Braye |
| Aug 26, 1991 | OCC_OTS | Tuskegee Savings and Loan Association, Federal Association | Orders of Removal/Prohibition: Richard R. Harvey |
| Aug 22, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National State Bank |
| Aug 22, 1991 | OCC | Martha's Vineyard Bank | Formal Agreement: Martha's Vineyard National Bank |
| Aug 21, 1991 | OCC_OTS | (individual) | Supervisory Agreement: Liberty Federal Savings Bank |
| Aug 21, 1991 | OCC_OTS | (individual) | Cease and Desist: First Federal Savings Bank |
| Aug 21, 1991 | OCC_OTS | (individual) | Supervisory Agreement: Community Bank, A Federal Savings Bank |
| Aug 20, 1991 | OCC | Trustmark National Bank | Formal Agreement: Trustmark National Bank |
| Aug 20, 1991 | OCC_OTS | Interfirst Federal Savings Bank | Supervisory Agreement: InterFirst Federal Savings Bank, |
| Aug 19, 1991 | OCC | Gateway National Bank | Civil Money Penalty (CMP): Garvin, Loren L. |
| Aug 19, 1991 | OCC_OTS | Hunter Savings Association | Supervisory Agreement: Hunter Savings Association |
| Aug 19, 1991 | OCC | First Bank (National Association) | Securities Enforcement Action: Wartinbee, James R. |
| Aug 19, 1991 | OCC | Texas Guaranty National Bank | Civil Money Penalty (CMP): Texas Guaranty National Bank |
| Aug 19, 1991 | OCC | Gateway National Bank | Civil Money Penalty (CMP): Hartsfield, Donald R. |
| Aug 16, 1991 | OCC_OTS | (individual) | Civil Money Penalty: Jon R. Baughman |
| Aug 16, 1991 | OCC | Bank South Corporation | Formal Agreement: Bank South, National Association |
| Aug 15, 1991 | OCC_OTS | Blue Ash Building and Loan Company | Civil Money Penalty: Ralph E. Heitmeyer |
| Aug 15, 1991 | OCC_OTS | Athens Federal Savings and Loan Association | Civil Money Penalty: Elbert L. Willson, III |
| Aug 15, 1991 | OCC | RHNB National Bank of North Carolina | Civil Money Penalty (CMP): Rhnb National Bank Of North Carolina |
| Aug 15, 1991 | OCC_OTS | The Blue Ash Building and Loan Company | Cease and Desist: The Blue Ash Building and Loan Company |
| Aug 15, 1991 | OCC_OTS | Blue Ash Building and Loan Company | Civil Money Penalty: John M. Kuhnell |
| Aug 15, 1991 | OCC_OTS | Blue Ash Building and Loan Company | Civil Money Penalty: Herb L. Kromholz |
| Aug 15, 1991 | OCC_OTS | Gateway Federal Savings Bank | Cease and Desist: Gateway Bank, a f.s.b. |
| Aug 14, 1991 | OCC_OTS | Bank of Stockdale, F.S.B. | Supervisory Agreement: Bank of Stockdale, F.S.B. |
| Aug 13, 1991 | OCC | The Rockport National Bank | Formal Agreement: Rockport National Bank |
| Aug 13, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Patricia A. Chase |
| Aug 13, 1991 | OCC | Watseka First National Bank | Civil Money Penalty (CMP): Watseka First National Bank |
| Aug 13, 1991 | OCC | (individual) | Civil Money Penalty (CMP): Star Bank, N.A. |
| Aug 13, 1991 | OCC_OTS | Topa Savings Bank | Cease and Desist: Topa Savings Bank |
| Aug 13, 1991 | OCC_OTS | (individual) | Cease and Desist: First Savings Bank, A Federal Savings Bank |
| Aug 13, 1991 | OCC_OTS | Central West End Bank, A Federal Savings Bank | Supervisory Agreement: Central West End Bank, A Federal Savings Bank |
| Aug 12, 1991 | OCC_OTS | (individual) | Supervisory Agreement: First Federal Bank for Ssavings |
| Aug 12, 1991 | OCC_OTS | (individual) | Supervisory Agreement: First Federal Bank for Savings |
| Aug 12, 1991 | OCC | Security National Bank of South Dakota | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Security Bank Of South Dakota, National … |
| Aug 12, 1991 | OCC | The Theodore Roosevelt National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Theodore Roosevelt National Bank |
| Aug 12, 1991 | OCC_OTS | Homestead Savings Association | Cease and Desist: Homestead Savings Association of Texas |
| Aug 12, 1991 | OCC_OTS | Algiers Homestead Association | Civil Money Penalty: Algiers Homestead Association |
FDIC Open-Bank Assistance in 1991
| Date | Institution | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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