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 |
|---|---|---|
| May 10, 1991 | First FS & La of Creston | $67.3M |
| May 10, 1991 | Colonial FSB | $60.6M |
| May 10, 1991 | First FS & La of Fargo | $50.0M |
| May 10, 1991 | Capitol Federal Bank for Savings | $39.3M |
| May 10, 1991 | The Washington Bank (Of Maryland) | $39.0M |
| May 10, 1991 | Guaranty FSA | $25.6M |
| May 10, 1991 | Vermilion FSB | $17.8M |
| May 9, 1991 | Texas Bank and Trust of Temple | $45.2M |
| May 9, 1991 | Village Green National Bank | $29.5M |
| May 9, 1991 | The First National Bank of Poth | $18.7M |
| May 9, 1991 | Chireno State Bank | $12.4M |
| May 3, 1991 | Boston Trade Bank | $307.0M |
| May 3, 1991 | First FS & La of Pittsburg | $290.9M |
| May 3, 1991 | Security FS & La of Albuquerque | $261.7M |
| May 3, 1991 | Sentry FSA | $50.3M |
| May 3, 1991 | Newton Savings Bank, FSA | $40.9M |
| May 3, 1991 | Century Federal Savings | $25.9M |
| May 3, 1991 | Liberty SB, FSB | $17.8M |
| Apr 26, 1991 | Sunbelt Savings | $6.04B |
| Apr 26, 1991 | John Hanson FSB | $840.7M |
| Apr 26, 1991 | Red River FS & La | $422.2M |
| Apr 26, 1991 | Augusta FSA | $151.3M |
| Apr 26, 1991 | Home FS & La, F.A. | $134.3M |
| Apr 26, 1991 | Executive SB, FSB | $58.6M |
| Apr 26, 1991 | Columbine Valley Bank and Trust | $9.5M |
| Apr 19, 1991 | Metropolitan FS & La | $985.1M |
| Apr 19, 1991 | Cimarron Federal Savings | $782.0M |
| Apr 19, 1991 | Prospect Park, FSB | $511.5M |
| Apr 19, 1991 | Chisholm FS & La | $154.4M |
| Apr 19, 1991 | Mercantile Savings Bank | $33.8M |
| Apr 18, 1991 | Community National Bank | $19.0M |
| Apr 12, 1991 | Security Savings & Loan | $143.2M |
| Apr 12, 1991 | Arizona Commerce Bank | $80.8M |
| Apr 12, 1991 | Whitney Bank and Trust | $40.6M |
| Apr 11, 1991 | American Bank & Trust Company | $60.9M |
| Apr 5, 1991 | First FS & La of Seminole Co. | $185.3M |
| Apr 5, 1991 | First Savings of Zion | $63.2M |
| Apr 5, 1991 | Columbia FSA of Hamilton | $61.3M |
| Apr 5, 1991 | The Blueville Bank of Grafton | $48.1M |
| Apr 5, 1991 | First Federal SB, FSB | $30.2M |
| Apr 4, 1991 | First State Bank | $26.0M |
| Mar 29, 1991 | City Bank and Trust | $116.0M |
| Mar 29, 1991 | Citizens National Bank | $11.4M |
| Mar 28, 1991 | The Landmark Bank | $227.9M |
| Mar 27, 1991 | County Bank, FSB | $1.17B |
| Mar 22, 1991 | United FSA of Iowa | $895.8M |
| Mar 22, 1991 | State Savings | $445.4M |
| Mar 22, 1991 | First FSA of Chickasha | $161.4M |
| Mar 22, 1991 | The Federal SB, FSB | $150.9M |
| Mar 22, 1991 | American Federal Bank | $110.2M |
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 1, 1991 | Dekalb County School Employees Federal Credit Union | Profed Federal Credit Union |
| Jul 1, 1991 | Asheville Buncombe Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | The Martin Bank | First Exchange Bank |
| Jul 1, 1991 | (unnamed) | Citizens First State Bank |
| Jul 1, 1991 | U.S. Government Employees Federal Credit Union | Arkansas Federal Credit Union |
| Jul 1, 1991 | School District 144 Employees Federal Credit Union | Heights Auto Workers Credit Union |
| Jul 1, 1991 | McWane Empl Cu | Landmark Credit Union |
| Jul 1, 1991 | (unnamed) | First Bank Mainland |
| Jul 1, 1991 | Iveys Fcu | Dillards Federal Credit Union |
| Jul 1, 1991 | Southeastern Paper Prod Fcu | Comtrust Federal Credit Union |
| Jul 1, 1991 | H W S Federal Credit Union | West Oahu Community Federal Credit Union |
| Jul 1, 1991 | Firstar New Brighton Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Fountain City Federal Credit Union | Mutual Savings Credit Union |
| Jul 1, 1991 | Firstar Roseville Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Varo Employees Credit Union | Texans Credit Union |
| Jul 1, 1991 | Rantec Employees Federal Credit Union | Premier America Credit Union |
| Jul 1, 1991 | Henderson County Federal Credit Union | Texas Trust Credit Union |
| Jul 1, 1991 | Firstar St. Anthony Bank, National Association | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Five Points Guaranty Bank | First Guaranty Bank and Trust Company of Jacksonville |
| Jul 1, 1991 | West Far - Mor Credit Union | United Savings Credit Union |
| Jul 1, 1991 | First Interstate Bank of Algona | Boatmen's Bank of North Iowa |
| Jul 1, 1991 | East Jersey Savings Bank SLA | Investors Bank |
| Jul 1, 1991 | First Western Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | McDonald Dairy Employees Credit Union | Dort Financial Credit Union |
| Jul 1, 1991 | Firstar Centennial Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Firstar MetroBank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Ingles Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | First Federal Savings Bank | First-Citizens Bank & Trust Company |
| Jul 1, 1991 | (unnamed) | Lasalle Bank Illinois |
| Jul 1, 1991 | Tri State Ca Inc Cu | Comtrust Federal Credit Union |
| Jul 1, 1991 | Enterprise Bank, N.A. | Triangle Bank |
| Jun 30, 1991 | Square D Credit Union | Guardian Credit Union |
| Jun 30, 1991 | Whitney National Bank in St. Tammany Parish | Whitney National Bank |
| Jun 30, 1991 | Security Exchange Bancorp., Inc. | Amquest Financial Corp. |
| Jun 30, 1991 | U.S. Trust Company of California, N.A. | U.S. Trust Company, National Association |
| Jun 30, 1991 | Mission Valley Bancorp | California Bancshares, Inc. |
| Jun 30, 1991 | Ferryville State Bank | River Bank |
| Jun 30, 1991 | Kankakee Valspar Credit Union | Riverside Community Credit Union |
| Jun 30, 1991 | Thrift Associates Cu | Vantage Trust Federal Credit Union |
| Jun 30, 1991 | De Soto State Bank | River Bank |
| Jun 30, 1991 | Cleveland Steel & Tubes Employees Credit Union | Steel Valley Federal Credit Union |
| Jun 29, 1991 | Eastchester Savings Bank | (unnamed) |
| Jun 29, 1991 | Parker Bank Holding Corporation | Summcorp |
| Jun 29, 1991 | New Brunswick Savings Bank | Constellation Bank, National Association |
| Jun 29, 1991 | Plaza National Bank | Compass Bank-Dallas |
| Jun 29, 1991 | Cottonwood Credit Union | Health Care Credit Union |
| Jun 29, 1991 | The Parker Banking Company | Summit Bank of Muncie |
| Jun 28, 1991 | Northern Trust of California N.A. | Northern Trust Bank of California National Association |
| Jun 28, 1991 | Inbancshares | Comerica Holdings Incorporated |
| Jun 28, 1991 | Nevada National Bancorporation | Security Pacific Bank Nevada, National Association |
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 |