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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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

Browse adjacent years: 1990 · 1992

Or jump to a category: Failures · Mergers · Enforcement · Assistance