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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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
Jul 1, 1991 Dekalb County School Employees Federal Credit Union IN Profed Federal Credit Union
Jul 1, 1991 Asheville Buncombe Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 The Martin Bank TN First Exchange Bank
Jul 1, 1991 (unnamed) — Citizens First State Bank
Jul 1, 1991 U.S. Government Employees Federal Credit Union AR Arkansas Federal Credit Union
Jul 1, 1991 School District 144 Employees Federal Credit Union IL Heights Auto Workers Credit Union
Jul 1, 1991 McWane Empl Cu AL Landmark Credit Union
Jul 1, 1991 (unnamed) — First Bank Mainland
Jul 1, 1991 Iveys Fcu FL Dillards Federal Credit Union
Jul 1, 1991 Southeastern Paper Prod Fcu TN Comtrust Federal Credit Union
Jul 1, 1991 H W S Federal Credit Union HI West Oahu Community Federal Credit Union
Jul 1, 1991 Firstar New Brighton Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Fountain City Federal Credit Union AL Mutual Savings Credit Union
Jul 1, 1991 Firstar Roseville Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Varo Employees Credit Union TX Texans Credit Union
Jul 1, 1991 Rantec Employees Federal Credit Union CA Premier America Credit Union
Jul 1, 1991 Henderson County Federal Credit Union TX Texas Trust Credit Union
Jul 1, 1991 Firstar St. Anthony Bank, National Association MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Five Points Guaranty Bank FL First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991 West Far - Mor Credit Union ND United Savings Credit Union
Jul 1, 1991 First Interstate Bank of Algona IA Boatmen's Bank of North Iowa
Jul 1, 1991 East Jersey Savings Bank SLA NJ Investors Bank
Jul 1, 1991 First Western Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 McDonald Dairy Employees Credit Union MI Dort Financial Credit Union
Jul 1, 1991 Firstar Centennial Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Firstar MetroBank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Ingles Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 First Federal Savings Bank NC First-Citizens Bank & Trust Company
Jul 1, 1991 (unnamed) — Lasalle Bank Illinois
Jul 1, 1991 Tri State Ca Inc Cu GA Comtrust Federal Credit Union
Jul 1, 1991 Enterprise Bank, N.A. NC Triangle Bank
Jun 30, 1991 Square D Credit Union WI Guardian Credit Union
Jun 30, 1991 Whitney National Bank in St. Tammany Parish LA Whitney National Bank
Jun 30, 1991 Security Exchange Bancorp., Inc. OK Amquest Financial Corp.
Jun 30, 1991 U.S. Trust Company of California, N.A. CA U.S. Trust Company, National Association
Jun 30, 1991 Mission Valley Bancorp CA California Bancshares, Inc.
Jun 30, 1991 Ferryville State Bank WI River Bank
Jun 30, 1991 Kankakee Valspar Credit Union IL Riverside Community Credit Union
Jun 30, 1991 Thrift Associates Cu PA Vantage Trust Federal Credit Union
Jun 30, 1991 De Soto State Bank WI River Bank
Jun 30, 1991 Cleveland Steel & Tubes Employees Credit Union OH Steel Valley Federal Credit Union
Jun 29, 1991 Eastchester Savings Bank NY (unnamed)
Jun 29, 1991 Parker Bank Holding Corporation IN Summcorp
Jun 29, 1991 New Brunswick Savings Bank NJ Constellation Bank, National Association
Jun 29, 1991 Plaza National Bank TX Compass Bank-Dallas
Jun 29, 1991 Cottonwood Credit Union UT Health Care Credit Union
Jun 29, 1991 The Parker Banking Company IN Summit Bank of Muncie
Jun 28, 1991 Northern Trust of California N.A. CA Northern Trust Bank of California National Association
Jun 28, 1991 Inbancshares CA Comerica Holdings Incorporated
Jun 28, 1991 Nevada National Bancorporation NV Security Pacific Bank Nevada, National Association

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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