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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 27, 1991 Key Bank of Central New York, National Association NY KeyBank National Association
Jul 27, 1991 (unnamed) — The Bank of San Diego
Jul 27, 1991 The Oxford Bank KS Cornerbank
Jul 27, 1991 Key Bank of Western New York National Association NY KeyBank National Association
Jul 26, 1991 Roseville Bancorp, Inc. MN Midamerica Bancorporation, Inc.
Jul 26, 1991 Rea Employees Federal Credit Union NC Carolina Cooperative Federal Credit Union
Jul 25, 1991 Montrose M C Employees Federal Credit Union PA Penn East Federal Credit Union
Jul 24, 1991 Mount Calm Federal Credit Union LA Shreveport Federal Credit Union
Jul 23, 1991 First Federal Savings and Loan Association WV First Empire Federal Savings and Loan Association
Jul 23, 1991 McKinney Municipal Credit Union TX LegacyTexas Bank
Jul 22, 1991 The First National Bank in Dolton IL South Holland Trust & Savings Bank
Jul 22, 1991 First Dolton Corp. IL South Holland Bancorp, Inc.
Jul 20, 1991 First National Bank of Mt. Zion IL The First National Bank of Decatur
Jul 19, 1991 Mobile Radio Employees Credit Union SC Safe Federal Credit Union
Jul 19, 1991 Mid-South Bank & Trust Company TN SunTrust Bank, Nashville, National Association
Jul 19, 1991 Third Financial Services Incorporated TN SunTrust Bank, Nashville, National Association
Jul 19, 1991 Sequoyah State Bank of Muldrow OK Armstrong Bank
Jul 10, 1991 Battle Creek Bank MN MidAmerica Bank Maplewood
Jul 8, 1991 Syremp Credit Union, Inc. OH Tri-County Credit Union, Inc.
Jul 1, 1991 Firstar Hugo Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Ibew Local 270 Fcu TN Y-12 Federal Credit Union
Jul 1, 1991 Whitehall Leather Employees Credit Union MI Harborlight Credit Union
Jul 1, 1991 King-Lar Employees Credit Union IL Staley Credit Union
Jul 1, 1991 Wunda Weave Federal Credit Union SC Spero Financial Federal Credit Union
Jul 1, 1991 Lefebure Employees Credit Union IA Quaker Oats Employees Credit Union
Jul 1, 1991 First Wisconsin Bank of Waukesha WI Firstar Bank Milwaukee, National Association
Jul 1, 1991 First Interstate Bank of Laramie, National Association WY First Interstate Bank of Wyoming, National Association
Jul 1, 1991 First Interstate Bank of Riverton, National Association WY First Interstate Bank of Wyoming, National Association
Jul 1, 1991 FGL Empl Fcu FL Coastline Federal Credit Union
Jul 1, 1991 Alta Bates Federal Credit Union CA Cooperative Center Federal Credit Union
Jul 1, 1991 Christian Tabernacle Federal Credit Union OH Steel Valley Federal Credit Union
Jul 1, 1991 Firstar Eagan Bank, National Association MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 J F & Associates Credit Union NH Triangle Credit Union
Jul 1, 1991 Steel Products Employees Credit Union, Inc. OH Day Air Credit Union, Inc.
Jul 1, 1991 Uniflow Employees Federal Credit Union PA Tri State Rail Federal Credit Union
Jul 1, 1991 Firstar Stillwater Bank, National Association MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 First Interstate Bank of Cresco, National Association IA Boatmen's Bank of North Iowa
Jul 1, 1991 Guardian Savings & Loan Association NJ Cape Bank
Jul 1, 1991 Elco Empl Fcu PA Blair County Federal Credit Union
Jul 1, 1991 Buena Vista Credit Union CA Tucoemas Federal Credit Union
Jul 1, 1991 General Fireproofing Employees Credit Union, Inc. OH Seven Seventeen Credit Union Inc
Jul 1, 1991 (unnamed) — The First Citizens National Bank of Upper Sandusky
Jul 1, 1991 I.O.F. Norcal Federal Credit Union CA Allied Trades Credit Union
Jul 1, 1991 Aerostructures Empl Fcu TN Heritage Credit Union
Jul 1, 1991 Multibank National of Western Massachusetts MA MultiBank West
Jul 1, 1991 B C Financial Federal Credit Union CA Logix Federal Credit Union
Jul 1, 1991 AMCORE Bank Carpentersville IL Amcore Bank National Association, Northwest
Jul 1, 1991 Cleveland-Jackson Sa Cu TN Tennessee Valley Federal Credit Union
Jul 1, 1991 Dynalectron Employees Federal Credit Union VA Money One Federal Credit Union
Jul 1, 1991 Nashville Kemba Fcu TN Ascend 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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