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 |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 |
|---|---|---|
| Dec 31, 1991 | Bank South, Washington County | Bank South |
| Dec 31, 1991 | (unnamed) | Bank South |
| Dec 31, 1991 | Colonial Bank of Sycamore | Castle Bank, National Association |
| Dec 31, 1991 | First Republic Thrift & Loan of San Diego | First Republic Thrift & Loan |
| Dec 31, 1991 | First Chicago Bank of Lincoln Park | Bank One, National Association |
| Dec 31, 1991 | Compass Bancshares, Inc. | Compass Banks of Texas, Inc. |
| Dec 31, 1991 | Platco Realty Corporation | Peoples Loan & Trust Bank |
| Dec 31, 1991 | Manufacturers Hanover Corporation | JPMorgan Chase & Co. |
| Dec 31, 1991 | Citizens Federal Savings and Loan Association | RBC Bank (USA) |
| Dec 31, 1991 | Bank South, Jasper County National Association | Bank South |
| Dec 31, 1991 | Bank South, Macon | Bank South |
| Dec 31, 1991 | Bank South, Houston County National Association | Bank South |
| Dec 31, 1991 | Pathway Financial, a Federal Association | Granite Bank, Federal Savings Bank |
| Dec 31, 1991 | Citywide Bank of Lakewood | (unnamed) |
| Dec 31, 1991 | Cardinal Federal Savings Bank | Granite Bank, Federal Savings Bank |
| Dec 31, 1991 | Star Savings and Loan Association | First Citizens Community Bank |
| Dec 31, 1991 | First State Bank of Mathis | The Commercial National Bank of Beeville |
| Dec 31, 1991 | Yardley Bank for Savings, FSB | Santander Bank, N.A. |
| Dec 31, 1991 | CCD Employees Federal Credit Union | Lormet Community Federal Credit Union |
| Dec 31, 1991 | Greyhound Lines Employees Federal Credit Union | Wright-Patt Credit Union, Inc. |
| Dec 31, 1991 | Bank South, Waycross | Bank South |
| Dec 31, 1991 | Bank South, Douglas | Bank South |
| Dec 31, 1991 | United Penn Bank | BNY Mellon, N.A. |
| Dec 31, 1991 | Action Federal Credit Union | Allegheny Valley Federal Credit Union |
| Dec 30, 1991 | Security Bancshares of Marion County, Inc. | Community Financial of Kentucky, Inc. |
| Dec 30, 1991 | Banco Hispano Americano, S.A. | Banco Central Hispanoamericano, S.A. |
| Dec 28, 1991 | Saint Marys-St Matthews Federal Credit Union | Bangor Federal Credit Union |
| Dec 28, 1991 | Rockford Clinic Federal Credit Union | Rock Valley Credit Union |
| Dec 28, 1991 | Union Federal Savings | Community First Bank |
| Dec 27, 1991 | Utah Bank and Trust | Wells Fargo Trust Company, N.A. |
| Dec 25, 1991 | WWTC Employees Federal Credit Union | Vision Financial Federal Credit Union |
| Dec 20, 1991 | Landmark Bancshares Corporation | Landmark Bancshares Corporation |
| Dec 20, 1991 | (unnamed) | Boatmens Trust Company |
| Dec 20, 1991 | Controls Company of America Employees Federal Credit Union | Soreng Employees Credit Union |
| Dec 16, 1991 | Colorado National Bank - Aurora | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Lakewood | Colorado National Bank |
| Dec 16, 1991 | New Mexico Bank Corporation | First State Bancorporation |
| Dec 16, 1991 | Colorado National Bank - Arapahoe | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Arvada | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Boulevard | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Boulder | Colorado National Bank |
| Dec 16, 1991 | National Bank of Albuquerque | First Community Bank |
| Dec 16, 1991 | Colorado National Bank - Tech Center | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Golden | Colorado National Bank |
| Dec 16, 1991 | Hunter Savings Association | The Provident Bank |
| Dec 16, 1991 | Colorado National Bank-Southwest | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Evergreen | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - South | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Northeast | Colorado National Bank |
| Dec 15, 1991 | Standard State Bank and Trust | Bank IV Missouri, 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 |
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