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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 HQ Assets Acquirer or resolution
Dec 20, 1991 North Ridge Bank Oakland Park, FL $94.3M Intercontinental Bank
Dec 13, 1991 Investors FSB Richmond, VA $2.06B Central Fidelity Bank
Dec 13, 1991 The Bank Mart Bridgeport, CT $578.2M Gateway Bank
Dec 13, 1991 Merchants National Bank Leominster, MA $153.6M Worcester County Institutio
Dec 13, 1991 Bank of East Hartford East Hartford, CT $36.6M Bank of South Windsor
Dec 13, 1991 Federal Finance & Mortgage, LTD Honolulu, HI $7.7M First Hawaiian Credit Corp
Dec 12, 1991 Granite Co-Operative Bank Quincy, MA $103.8M South Boston Savings Bank
Dec 6, 1991 Saybrook Bank and Trust Company Old Saybrook, CT $77.3M The New Haven Savings Bank
Nov 26, 1991 First National Bank of Miami Miami, FL $40.5M Ready State Bank
Nov 22, 1991 White Horse FS & La Trenton, NJ $72.5M Collective FSB
Nov 22, 1991 Chase Savings & Loan Philadelphia, PA $46.9M United Bank of Philadelphia
Nov 22, 1991 Peoples FSA Ottumwa, IA $34.3M South Ottumwa SB
Nov 22, 1991 Western FS & La Clenview, IL $33.2M Devon Bank
Nov 15, 1991 Durham Trust Company Durham, NH $71.0M Granite Bank
Nov 14, 1991 Connecticut Savings Bank New Haven, CT $1.04B Centerbank
Nov 14, 1991 Worthington State Bank Worthington, IN $36.6M First Farmers State Bank
Nov 14, 1991 Alvarado National Bank Alvarado, TX $9.2M The First National Bank in
Nov 8, 1991 Cobb FSA Marietta, GA $83.2M First Union NB of GA
Nov 8, 1991 Delta FSB Westminster, CA $52.4M East-West FB, FSB
Nov 7, 1991 Community National Bank and Trust New York, NY $333.8M Chemical Bank
Nov 1, 1991 Marine View FSB Middletown, NJ $119.2M Summit Bank
Oct 31, 1991 Union Bank San Antonio, TX $84.9M Channelview Bank
Oct 30, 1991 Bank of the South Baton Rouge, LA $31.8M The First National Bank in
Oct 29, 1991 The Private Bank & Trust, Nation Miami, FL $4.3M —
Oct 25, 1991 Coolidge Bank and Trust Company Boston, MA $321.2M Pioneer Financial, a Cooper
Oct 25, 1991 First Hanover Bank Wilmington, NC $48.2M Central Carolina Bank and T
Oct 25, 1991 The Citizens Bank of Pagosa Springs Pagosa Springs, CO $17.3M Citizens Bank of Pagosa SPR
Oct 24, 1991 First National Bank, Bedford Bedford, TX $23.2M First International Bank
Oct 18, 1991 Central Bank Meriden, CT $654.7M Centerbank
Oct 18, 1991 Mission Valley Bank, National Assoc San Clemente, CA $42.7M Mid City Bank, National Ass
Oct 18, 1991 Connecticut Valley Bank Cromwell, CT $28.4M Midconn Bank
Oct 16, 1991 First FS & La Pontiac, MI $917.0M Branch sale
Oct 16, 1991 Citizens FSA Jacksonville, FL $65.7M Branch sale
Oct 13, 1991 Oaktree Federal Savings New Orleans, LA $2.21B Branch sale
Oct 11, 1991 The First, Federal Association Orlando, FL $1.07B Great Western Bank, FSB
Oct 11, 1991 First Federal Savings Lubbock, TX $223.7M First NB of Lubbock
Oct 11, 1991 Life FSB Clearwater, FL $107.6M Life SB, FSB
Oct 11, 1991 Iona Savings Bank Tilton, NH $31.2M First Savings and Loan Asso
Oct 10, 1991 New Hampshire Savings Bank Concord, NH $1.17B New Dartmouth Bank
Oct 10, 1991 Amoskeag Bank Manchester, NH $937.3M First NH Bank
Oct 10, 1991 Dartmouth Bank Manchester, NH $877.2M New Dartmouth Bank
Oct 10, 1991 Bankeast Manchester, NH $816.8M First NH Bank
Oct 10, 1991 Numerica Savings Bank, FSB Manchester, NH $509.1M New Dartmouth Bank
Oct 10, 1991 Nashua Trust Company Nashua, NH $425.1M First NH Bank
Oct 10, 1991 Homebank FSA Gilford, NH $255.1M Branch sale
Oct 10, 1991 Bank Meridian, N.A. Hampton, NH $109.4M First NH Bank
Oct 3, 1991 Harbor National Bank of Connecticut Branford, CT $22.9M The New Haven Savings Bank
Oct 3, 1991 Reagan State Bank Big Lake, TX $20.3M Security State Bank
Sep 27, 1991 United Savings of America Chicago, IL $1.16B First NB of Chicago
Sep 27, 1991 Santa Paula S & La Santa Paula, CA $280.7M Bank of Levy

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 St Acquirer
Nov 30, 1991 Nixa Bank MO Central Bank of The Ozarks
Nov 30, 1991 Cresta Blanca Federal Credit Union CA Uncle Credit Union
Nov 29, 1991 Community First North Dakota Bankshares, Inc. ND Community First Bankshares, Inc.
Nov 25, 1991 Luray Bankshares, Inc. KS The Peoples State Bank of Luray, Kansas
Nov 25, 1991 Placer Bancorporation CA Placer Bank of Commerce
Nov 25, 1991 The Fifth Third Bank of Western Ohio, National Association OH (unnamed)
Nov 23, 1991 The First National Bank of Geary OK The Peoples National Bank
Nov 23, 1991 American Bank OK American Heritage Bank
Nov 22, 1991 Ensley Neighborhood Federal Credit Union AL Americas First Federal Credit Union
Nov 22, 1991 U. S. Bank of Utah UT U.S. Bank, N.A.
Nov 18, 1991 (unnamed) — First Southern National Bank
Nov 16, 1991 Citizens Bank of Tolono IL Busey Bank
Nov 16, 1991 Albemarle Savings and Loan Association NC Truist Bank
Nov 16, 1991 Bank of Urbana IL Busey Bank
Nov 16, 1991 Community Bank of Mahomet IL Busey Bank
Nov 16, 1991 Northern Trust Bank of Florida/Naples National Association FL Northern Trust, National Association
Nov 15, 1991 The Maplewood Bank and Trust Company NJ Summit Bank
Nov 15, 1991 (unnamed) — Summit Bank
Nov 15, 1991 The Trust Company of Princeton NJ Summit Bank
Nov 15, 1991 Affiliated National Bank - Westlake CO Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991 The Miners' First National Bank & Trust Company of Ishpeming MI Wells Fargo Bank Michigan, National Association
Nov 10, 1991 Homewood Federal Savings and Loan Association IL Advance Bank
Nov 9, 1991 The Fifth Third Bank of Northwestern Ohio, National Association OH Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991 (unnamed) — Integra Bank/North
Nov 8, 1991 First Seneca Bank PA Integra Bank/North
Nov 7, 1991 The Citizens Bank of Newton County GA First Nation Bank
Nov 2, 1991 65 Realty Corp. PA Lehigh Valley Bank
Nov 2, 1991 Third Company PA Third National Bank and Trust Company of Scranton
Nov 2, 1991 BCB, Inc. PA Bucks County Bank and Trust Company
Nov 1, 1991 NBD Delaware Bank DE NBD Bank, National Association
Nov 1, 1991 C H and F Employees Credit Union IL Access Credit Union
Nov 1, 1991 TMB, Inc. PA Bucks County Bank and Trust Company
Nov 1, 1991 First Osmond Corporation NE First Laurel Security Co.
Nov 1, 1991 Complete Atlanta Fcu GA Fidelity Federal Credit Union
Nov 1, 1991 Sanilac County Teachers Credit Union MI Team One Credit Union
Nov 1, 1991 San Ignacio Credit Union NM Rio Grande Credit Union
Nov 1, 1991 Chickasawba Teachers Federal Credit Union AR Success Federal Credit Union
Nov 1, 1991 Old Colony Trust Company of South Carolina, National Association SC NCNB National Bank of South Carolina
Nov 1, 1991 West One Bank, King County WA West One Bank, Washington
Nov 1, 1991 First of America Bank-Muskegon MI First of America Bank-West Michigan, National Association
Nov 1, 1991 Economist Newspapers Federal Credit Union IL Illiana Financial Credit Union
Nov 1, 1991 West One Bank, Spokane WA West One Bank, Washington
Nov 1, 1991 Lighthouse Community Credit Union ME Town & Country Federal Credit Union
Nov 1, 1991 National Security, a Federal Bank for Savings IL Bell Federal Savings and Loan Association
Nov 1, 1991 First National Bank of Temple - South TX Extraco Banks, N.A.
Nov 1, 1991 Summit County Bank CO The Bank, National Association
Nov 1, 1991 The Bank of Fairplay CO The Bank, National Association
Nov 1, 1991 Fed Empl Cu GA Center Parc Credit Union
Nov 1, 1991 First Fidelity Trust, National Association, Florida FL NBD Trust Company of Florida, National Association
Nov 1, 1991 Landis and GYR Powers Employees Credit Union IL Great Lakes 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 HQ Assets
Dec 4, 1991 The Douglass Bank Kansas City, KS $31.9M
Oct 2, 1991 The Gunnison Bank & Trust Co. Gunnison, CO $20.1M
Sep 16, 1991 First Bank and Trust Harrisburg, IL $26.6M

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