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
Oct 1, 1991	Indian Head Federal Credit Union	MD	Navy Federal Credit Union
Oct 1, 1991	Estill Federal Savings Bank	KY	First Federal Savings Bank
Oct 1, 1991	(unnamed)	—	Bank of New Hampshire, National Association
Oct 1, 1991	Goodwill Employees Federal Credit Union	CA	Cal State L.A. Federal Credit Union
Oct 1, 1991	The Bristol Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Tower Industries Inc. Employees Federal Credit Union	CA	Inland Valley Federal Credit Union
Oct 1, 1991	Lathers Credit Union	MI	Construction Federal Credit Union
Sep 30, 1991	Graphic Arts Credit Union of Los Angeles	CA	Southland Credit Union
Sep 30, 1991	United Savings Association of the Southwest, FSB	TX	Bank United
Sep 30, 1991	FNW Bancorp, Inc.	IL	NBD Illinois, Inc.
Sep 30, 1991	First Western Bancorp, Inc.	SD	Christen Group, Inc.
Sep 30, 1991	United Illinois Bank of Collinsville	IL	United Illinois Bank of New Athens
Sep 30, 1991	S O a R C Federal Credit Union	IL	Rock Valley Credit Union
Sep 30, 1991	Junior Form Federal Credit Union	PA	Ussco Johnstown Federal Credit Union
Sep 30, 1991	Home and City Savings Bank	NY	TrustCo Bank, National Association
Sep 29, 1991	State Bank of Fox Lake	WI	Ergo Bank
Sep 29, 1991	Fox Lake Bankshares, Inc.	WI	FS Bancshares, Inc.
Sep 29, 1991	Morris Savings Bank	NJ	First Fidelity Bank, National Association, New Jersey
Sep 28, 1991	Presque Isle Bank	MI	North Bank
Sep 28, 1991	Ebenezer A.M.E. Church Credit Union	MI	Credit Union One
Sep 28, 1991	Jackson Mississippi School Employees Federal Credit Union	MS	Jackson Area Federal Credit Union
Sep 26, 1991	First National Bank	OK	First United Bank and Trust Company
Sep 26, 1991	First National Bank	OK	City Bank & Trust
Sep 23, 1991	Kentucky National Bank of Boone County	KY	Star Bank, National Association, Kentucky
Sep 23, 1991	Kentucky Bancorporation Inc.	KY	Star Banc Corporation
Sep 23, 1991	(unnamed)	—	Star Bank, National Association, Kentucky
Sep 23, 1991	First National Bank in Anoka	MN	Wells Fargo Bank Minnesota, National Association
Sep 22, 1991	Amsterdam-Rotterdam Bank, N.V.	—	The Royal Bank of Scotland, N.V.
Sep 19, 1991	Potomac Yard Federal Credit Union	VA	AB&W Credit Union Inc.
Sep 16, 1991	The Dawson Bank	NE	Home State Bank and Trust Company
Sep 16, 1991	Oak Lawn National Bank	IL	First National Bank of Evergreen Park
Sep 16, 1991	Clearing Bank	IL	First National Bank of Evergreen Park
Sep 16, 1991	Stiefel Companies Federal Credit Union	NY	Sunmark Credit Union
Sep 14, 1991	Logan Savings and Loan Association	UT	First Federal Savings Bank
Sep 14, 1991	The Central Trust Company	OH	Bank One, National Association
Sep 14, 1991	BB&T Savings Bank of Durham, Inc.	NC	Truist Bank
Sep 14, 1991	The Central Trust Company of Northeastern Ohio, N. A.	OH	Bank One, Akron, National Association
Sep 14, 1991	The Central Trust Company of Northern Ohio, National Association	OH	Bank One, Cleveland, National Association
Sep 14, 1991	Peoples Building and Loan Association of Oblong	IL	First Crawford State Bank
Sep 14, 1991	Liberty National Bank of Jessamine	KY	Liberty National Bank of Lexington
Sep 14, 1991	Bank One, Wooster, National Association	OH	Bank One, Akron, National Association
Sep 14, 1991	BB&T Federal Savings Bank of High Point	NC	Truist Bank
Sep 14, 1991	BB&T Federal Savings Bank of Pitt County	NC	Truist Bank
Sep 13, 1991	Watauga Savings and Loan Association, Inc.	NC	RBC Bank (USA)
Sep 12, 1991	Broyhill Employees Credit Union	NC	Members Credit Union
Sep 11, 1991	American Savings Bank, F.S.B.	CA	Washington Mutual Bank
Sep 10, 1991	West Frankfort Community Bancshares, Inc.	IL	FB Corporation
Sep 10, 1991	Chilton Memorial Hospital Federal Credit Union	NJ	North Jersey Federal Credit Union
Sep 7, 1991	Farmers and Merchants Bank	IL	American Midwest Bank
Sep 6, 1991	Benedict College Federal Credit Union	SC	Allsouth Federal Credit Union

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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