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 |
|---|---|---|
| Nov 1, 1991 | Progressive Federal Savings Bank | Progressive Ozark Bank |
| Nov 1, 1991 | First State Bank of Lyman | The Equality State Bank |
| Nov 1, 1991 | News Corporation Employees Credit Union | Postal & Community Credit Union |
| Oct 31, 1991 | Olin Employees Credit Union of Joliet | Tech Credit Union |
| Oct 31, 1991 | Kemba Little Rock Credit Union | Kemba Delta Federal Credit Union |
| Oct 30, 1991 | Indian Head Mortgage Corp. | Fleet Bank-NH |
| Oct 30, 1991 | Fleet/Norstar Services-NH, Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Indian Head Bank Services Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Jeffrey Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Oct 28, 1991 | FirstBank of Minturn | FirstBank of Vail |
| Oct 28, 1991 | Manufacturers Bank of Lansing | Manufacturers Bank, National Association |
| Oct 28, 1991 | FirstBank of Beaver Creek, National Association | FirstBank of Avon |
| Oct 28, 1991 | Manufacturers National Bank of Grand Rapids | Manufacturers Bank, National Association |
| Oct 28, 1991 | Ponce Metropolitan Federal Credit Union | Borinquen Sur Federal Credit Union |
| Oct 28, 1991 | FirstBank of West Vail | FirstBank of Vail |
| Oct 28, 1991 | United Illinois Bank of New Athens | Central Bank |
| Oct 26, 1991 | Century Bank at Broadway | Century Bank |
| Oct 26, 1991 | Callaway Gardens Credit Association Credit Union | Five Star Credit Union |
| Oct 26, 1991 | Heritage Bank of Oak Lawn | Heritage Bank |
| Oct 26, 1991 | Heritage Bank Crestwood | Heritage Bank |
| Oct 26, 1991 | Columbia National Bank-Belmont | Columbia National Bank of Chicago |
| Oct 26, 1991 | (unnamed) | Heritage Bank |
| Oct 25, 1991 | Sioux Quality Credit Union | Telco Triad Community Credit Union |
| Oct 24, 1991 | BayBank First Easthampton, N.A. | BayBank, National Association |
| Oct 24, 1991 | BayBank Harvard Trust Company | BayBank, National Association |
| Oct 24, 1991 | BayBank South | BayBank, National Association |
| Oct 24, 1991 | BayBank Valley Trust Company | BayBank, National Association |
| Oct 23, 1991 | Americorp, Inc. | Ameribank Corporation |
| Oct 23, 1991 | Randolph County FS&LA | First State Bank & Trust Company |
| Oct 21, 1991 | MCS Employees Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Oct 19, 1991 | Hannibal Mutual Loan and Building Association | Roosevelt Bank |
| Oct 18, 1991 | Boatmen's National Bank of Richmond | Boatmen's River Valley Bank |
| Oct 18, 1991 | Exchange Bank of Schmidt & Koester | Gold Bank |
| Oct 12, 1991 | First Community Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Aurora | First Community Industrial Bank |
| Oct 12, 1991 | The State Bank of Kirkland | The Belvidere National Bank and Trust Company |
| Oct 12, 1991 | U.S. Shoe Employees Federal Credit Union | Members Trust Federal Credit Union |
| Oct 12, 1991 | First Community Industrial Bank of Longmont | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Arvada | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Littleton | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Fort Collins | First Community Industrial Bank |
| Oct 11, 1991 | First National Bank | Team Bank |
| Oct 10, 1991 | Bank of Speedwell, Inc. | Premier Bank-South, National Association |
| Oct 9, 1991 | Milton Tri-County Bank | Huntington Bank Huntington National Association |
| Oct 8, 1991 | Scott Methodist Credit Union | Credit Union One |
| Oct 7, 1991 | Basf Fibers Employees Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 7, 1991 | Widmer Bancshares, Inc. | Widmer Bancshares, Inc. |
| Oct 5, 1991 | Bank of San Clemente | Eldorado Bank |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 12, 1991 | OCC_OTS | First Federal Savings and Loan Association of Alabama | Supervisory Agreement: First Federal Savings and Loan Association |
| Aug 9, 1991 | OCC_OTS | Benld Loan Association | Supervisory Agreement: Benld Loan Association |
| Aug 9, 1991 | OCC_OTS | Cross Roads Savings and Loan Association, F.A. | Orders of Removal/Prohibition: Gary Bryant Hobbs |
| Aug 9, 1991 | OCC_OTS | (individual) | Cease and Desist: New England Federal Savings Bank |
| Aug 9, 1991 | OCC_OTS | Anchor Savings and Loan Association | Supervisory Agreement: Anchor Savings and Loan Association |
| Aug 7, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Orders of Removal/Prohibition: Everett P. Ramsey III |
| Aug 7, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Civil Money Penalty: Everett P. Ramsey, III |
| Aug 7, 1991 | OCC_OTS | (individual) | Cease and Desist: Jon R. Baughman |
| Aug 6, 1991 | OCC | Northeast Bancshares, Inc. | Prohibition/Removal Orders: Arterburn, Morris |
| Aug 6, 1991 | OCC | Williamsburg National Bank | Formal Agreement: Williamsburg National Bank |
| Aug 6, 1991 | OCC | First National Bank in Las Vegas | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank In Las Vegas |
| Aug 6, 1991 | OCC_OTS | Home Federal Savings Bank | Supervisory Agreement: Home Federal Savings Bank |
| Aug 6, 1991 | OCC_OTS | Home Federal Savings Bank | Supervisory Agreement: Home Federal SAvings Bank |
| Aug 6, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Thomas G. Childress |
| Aug 6, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Jon R. Baughman |
| Aug 6, 1991 | OCC_OTS | (individual) | Civil Money Penalty: Thomas G. Childress |
| Aug 6, 1991 | OCC_OTS | (individual) | Cease and Desist: Thomas G. Childress |
| Aug 6, 1991 | OCC_OTS | Fidelity Federal Savings Bank | Cease and Desist: Fidelity Federal Savings Bank |
| Aug 6, 1991 | OCC_OTS | Charter Federal Savings and Loan Association | Cease and Desist: Charter Federal Savings and Loan Association |
| Aug 6, 1991 | OCC | Northeast Bancshares, Inc. | Prohibition/Removal Orders: Switzer, Steven |
| Aug 6, 1991 | OCC | Northeast National Bank | Prohibition/Removal Orders: Switzer, E. W. |
| Aug 6, 1991 | OCC | Corinth Deposit National Bank | Prohibition/Removal Orders: Richie, Linda J. |
| Aug 6, 1991 | OCC | Northeast Bancshares, Inc. | Prohibition/Removal Orders: Arterburn, Tony |
| Aug 5, 1991 | OCC | First Fidelity Trust, National Association, Florida | Civil Money Penalty (CMP): First Fidelity Trust, National Association, Florida |
| Aug 5, 1991 | OCC_OTS | Carthage Federal Savings and Loan Association | Cease and Desist: Carthage Federal SAvings and Loan Association |
| Aug 5, 1991 | OCC_OTS | (individual) | Cease and Desist: Northwestern Savings Bank, F.S.B. |
| Aug 2, 1991 | OCC | Memorial Bank, N.A. | Civil Money Penalty (CMP): Wiggins, Fred E. |
| Aug 2, 1991 | OCC_OTS | Tuskegee Savings and Loan Association, Federal Association | Orders of Removal/Prohibition: David F. Winston |
| Aug 2, 1991 | OCC_OTS | First Savings and Loan Association | Civil Money Penalty: First Home Savings Bank, S.L.A. |
| Aug 2, 1991 | OCC | National Bank of Commerce | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank Of Commerce |
| Aug 2, 1991 | OCC | Citizens National Bank | Civil Money Penalty (CMP): Simpson, Martha |
| Aug 2, 1991 | OCC | Citizens National Bank | Civil Money Penalty (CMP): Simpson, William A. |
| Aug 1, 1991 | OCC_OTS | County Savings Bank | Supervisory Agreement: County Savings Bank |
| Aug 1, 1991 | OCC_OTS | Firstate Financial, A Savings Bank | Cease and Desist: Firstate Financial, A Savings Bank |
| Aug 1, 1991 | OCC_OTS | First Federal Savings and Loan Association | Supervisory Agreement: First Missouri Federal Savings and Loan Association |
| Jul 31, 1991 | OCC_OTS | (individual) | Cease and Desist: C. James McCormick |
| Jul 31, 1991 | OCC | First National Bank in Osceola | Formal Agreement: First National Bank In Osceola |
| Jul 30, 1991 | OCC | Capital One, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hibernia National Bank |
| Jul 30, 1991 | OCC_OTS | Republic Capital Funding Corp. I | Supervisory Agreement: Republic Capital Bank, F.S.B. |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: Fasisal Saud Al-Fulaij |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: BCCI Holdings (Luxembourg) S.A. Luxembourg |
| Jul 29, 1991 | FRB | Bank of Credit and Commerce International S.A. | Notice of Intent: Bank of Credit and Commerce Inernational S.A. Luxembourg |
| Jul 29, 1991 | FRB | Bank of Credit and Commerce International Overseas Limited | Notice of Intent: Bank of Credit and Commerce International (Overseas) Limited, George Town, Cayman … |
| Jul 29, 1991 | FRB | International Credit & Investment Co. (Overseas) | Notice of Intent: International Credit and Investment Company (Overseas) Limited, George Town, Cayman Islands |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: A.R. Khalil |
| Jul 29, 1991 | OCC | Merchants National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Merchants National Bank |
| Jul 29, 1991 | OCC | New York National Bank | Formal Agreement: New York National Bank |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: Swaleh Naqvi |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: Sayed Jawhary |
| Jul 29, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Notice of Intent: Khusro Elley |
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 |
Browse adjacent years: 1990 · 1992
Or jump to a category: Failures · Mergers · Enforcement · Assistance