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
Sep 27, 1991	First Federal Savings	Beaumont, TX	$251.2M	Kilgore FS&LA
Sep 27, 1991	Eastern FS & La of Sayville	Sayville, NY	$249.5M	Bayside FSB
Sep 27, 1991	Nutley Savings & Loan	Nutley, NJ	$188.6M	Valley NB
Sep 27, 1991	Plymouth FSA	Plymouth, MA	$174.7M	Branch sale
Sep 27, 1991	Home FS & La of Harlan	Harlan, IA	$91.4M	Conservative SB FSB
Sep 27, 1991	Midcounty Bank and Trust Company	Norwood, MA	$62.1M	Dedham Institution for Savi
Sep 27, 1991	Gold River SB	Fair Oaks, CA	$24.1M	El Dorado SB
Sep 20, 1991	Bank Five for Savings	Arlington, MA	$386.6M	Cambridge Savings Bank
Sep 20, 1991	Mid-Jersey National Bank	Somerville, NJ	$29.5M	United Jersey Bank/Central
Sep 19, 1991	Southeast Bank, N.A.	Miami, FL	$11.03B	First Union National Bank O
Sep 19, 1991	Abraham Lincoln FSA	Dresher, PA	$189.1M	Branch sale
Sep 19, 1991	Southeast Bank of West Florida	Pensacola, FL	$97.3M	First Union National Bank O
Sep 13, 1991	Davy Crockett FS & La	Crockett, TX	$50.5M	Deposit payout
Sep 13, 1991	Evergreen FS & La	Charleston, WV	$40.3M	Merchants NB of Montgomery
Sep 13, 1991	Valley Bank	White River Junction, VT	$33.7M	Vermont National Bank
Sep 6, 1991	United Home Federal	Toledo, OH	$443.4M	Standard FB
Sep 6, 1991	Suffield Bank	Suffield, CT	$294.8M	First Federal Bank, FSB
Sep 6, 1991	Heartland S & La	La Mesa, CA	$121.7M	Union Bank
Sep 6, 1991	Bay FSB	West Palm Beach, FL	$58.1M	Fidelity FSB of FL
Sep 6, 1991	The Family Bank and Trust	Allenstown, NH	$46.7M	The Valley Bank
Aug 30, 1991	Future Federal Savings Bank	Louisville, KY	$422.3M	Citizens Fidelity B&T
Aug 30, 1991	Lowell Institution for Savings	Lowell, MA	$386.4M	The Family Mutual Savings B
Aug 30, 1991	Homestead FSA	Middletown, PA	$223.2M	Farmers Trust Co.
Aug 30, 1991	Hilton Head Bank & Trust Company	Hilton Head Island, SC	$64.6M	The Anchor Bank
Aug 30, 1991	Hillsborough Bank and Trust Co	Milford, NH	$49.9M	Peterborough Savings Bank
Aug 30, 1991	United FSB	Prestonsburg, KY	$39.9M	Pikeville NB&TC
Aug 29, 1991	First National Bank and Trust Co	Blackwell, OK	$33.5M	Central National Bank & Tru
Aug 29, 1991	The San Saba National Bank	San Saba, TX	$15.6M	First Llano Bank
Aug 23, 1991	Merchants & Mechanics FSB	Springfield, OH	$209.9M	Banc One FSB
Aug 23, 1991	First FS & La	Mt. Vernon, OH	$73.1M	First FS&LA of Wooster
Aug 23, 1991	New Age FSA	St. Louis, MO	$9.2M	Commerce Bank of St. Louis
Aug 22, 1991	Buchel Bank & Trust Co.	Cuero, TX	$25.0M	First Bank
Aug 22, 1991	First Mexia Bank	Mexia, TX	$22.5M	The East Texas National Ban
Aug 16, 1991	First American FSB	Tucson, AZ	$145.0M	State SB, FSB
Aug 16, 1991	Northwest National Bank	Fayetteville, AR	$29.4M	Citizens Bank of Northwest
Aug 16, 1991	Enfield National Bank	Enfield, CT	$19.0M	Savings Institute
Aug 16, 1991	Centre Sa, F.A.	Arlington, TX	$15.2M	American FB, FSB
Aug 9, 1991	Great American FSA	San Diego, CA	$9.52B	Branch sale
Aug 9, 1991	Citytrust	Bridgeport, CT	$1.92B	Chase Manhattan Bank of Con
Aug 9, 1991	Mechanics and Farmers Savings Bank	Bridgeport, CT	$1.08B	Chase Manhattan Bank of Con
Aug 9, 1991	Larchmont FS & La	Larchmont, NY	$123.8M	Peoples Westchester SB
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo, FL	$61.3M	1st United Bank
Aug 9, 1991	First FS & La of Thief River Falls	Thief River Falls, MN	$54.6M	No. State BK of Thief Riv.
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach, FL	$26.1M	—
Aug 2, 1991	Standard FS & La	Columbia, SC	$319.7M	NB of South Carolina
Aug 2, 1991	Coral Coast FSB	Boynton Beach, FL	$61.2M	Mackinac SB, FSB
Jul 26, 1991	Atlantic Financial FSB	San Francisco, CA	$448.9M	Branch sale
Jul 26, 1991	Suburban National Bank	Hillsborough TWNS, NJ	$91.1M	Provident Savings Bank
Jul 26, 1991	The Housatonic Bank & Trust Co	Ansonia, CT	$69.1M	Shelton Savings Bank
Jul 26, 1991	Westland FS & La	Rawlins, WY	$31.8M	Rawlins NB

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
Aug 14, 1991	Theatre Crafts Federal Credit Union	TX	Texas Federal Credit Union
Aug 9, 1991	The Green Mountain Bank	VT	Green Mountain Bank
Aug 9, 1991	First Twin-State Bank	VT	Green Mountain Bank
Aug 7, 1991	Three Cities Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	Third Illinois Bancorp, Inc.	MO	First Bank
Aug 7, 1991	Second Illinois Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	C-Bancorp, Inc.	MO	FB Corporation
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 1, 1991	First Wisconsin National Bank of Brookfield	WI	Firstar Bank Milwaukee, National Association
Aug 1, 1991	Mesa National Bank - Patterson	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Rifle	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Clifton	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Glenwood Springs	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Montrose	CO	Mesa National Bank
Aug 1, 1991	American National Bank of Lisle	IL	American National Bank and Trust Company of Chicago
Aug 1, 1991	First Schiller Bancorp, Inc.	IL	American National Corporation
Aug 1, 1991	State Exchange Finance Company	IN	NCB Corp.
Aug 1, 1991	Joanna Western Mills Employees Credit Union	IL	Archer Heights Credit Union
Aug 1, 1991	Centreville Catholic Federal Credit Union	IL	Catholic and Community Credit Union
Aug 1, 1991	Japanese School Credit Union	CA	Jacom Credit Union
Aug 1, 1991	Promenade National Bank	TX	Compass Bank-Dallas
Aug 1, 1991	Vancouver Federal Savings Bank	WA	Washington Mutual, a Federal Savings Bank
Aug 1, 1991	Citizens National Bank, Flushing - St. Clairsville	OH	Columbus National Bank
Aug 1, 1991	Strohs Employees Credit Union	MN	Ideal Credit Union
Aug 1, 1991	San Diego Building Trade Federal Credit Union	CA	Banc of California, National Association
Aug 1, 1991	Valley Postal Credit Union	TX	Security First Federal Credit Union
Aug 1, 1991	Rice Lake Credit Union	WI	Royal Credit Union
Aug 1, 1991	Aae Federal Credit Union	PA	Ufcw Community Federal Credit Union
Aug 1, 1991	Youngstown Transit Employees Federal Credit Union	OH	Seven Seventeen Credit Union Inc
Aug 1, 1991	Community Service Credit Union Incorporated	CT	Navy Federal Credit Union
Aug 1, 1991	Brenton Bank and Trust Company	IA	Brenton Bank
Aug 1, 1991	U.S.E.S. Credit Union of New Orleans	LA	Les Federal Credit Union
Aug 1, 1991	M&I Bank of Hilldale	WI	M&I Bank of Southern Wisconsin
Aug 1, 1991	Peoples First National Bank of North Miami Beach	FL	Union Planters Bank of Florida
Aug 1, 1991	First Federal Savings and Loan Association	MT	Western Security Bank
Aug 1, 1991	Nage/Dcasd Federal Credit Union	CT	East Hartford Federal Credit Union
Aug 1, 1991	McArthur Dairy Empl Fcu	FL	Tropical Financial Credit Union
Jul 31, 1991	First United Bancorp, Inc.	IN	First Merchants Corporation
Jul 31, 1991	Portland Naacp Federal Credit Union	OR	Point West Credit Union
Jul 31, 1991	Cambar Federal Credit Union	SC	South Carolina Federal Credit Union
Jul 31, 1991	Sylvania Titusville Federal Credit Union	PA	Community Connect Federal Credit Union
Jul 31, 1991	Preston Bancshares, Inc.	IA	Chadwick Bancshares, Inc.
Jul 31, 1991	Nora Springs Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 31, 1991	Riceville Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 29, 1991	The Valley Bank of El Paso	TX	State National Bank
Jul 29, 1991	Holy Name Hospital Federal Credit Union	NJ	Greater Alliance Federal Credit Union
Jul 29, 1991	Saint Louis Computer Center, Inc. D/b/a/ First Data	MO	C-Bancorp, Inc.

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	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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