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
Mar 22, 1991	Citizens Security Bank	Borger, TX	$34.1M	Amarillo NB
Mar 22, 1991	Republic SB, FSB	Rockville, MD	$26.4M	First FSB of DE
Mar 21, 1991	Sabinal Bank	Sabinal, TX	$24.8M	—
Mar 21, 1991	Citadel Bank	Willis, TX	$21.9M	Tomball National Bank
Mar 15, 1991	Amerifirst Federal Savings	Miami, FL	$3.58B	Great Western Bank, FSB
Mar 15, 1991	Home Savings Association	Kansas City, MO	$2.94B	Branch sale
Mar 15, 1991	Bell Federal Savings	Upper Darby, PA	$850.6M	Meridian Bank
Mar 15, 1991	The Blackstone Bank and Trust Co	Boston, MA	$49.3M	Baybank Boston, N.A.
Mar 15, 1991	Arcanium FSA	Arcanum, OH	$45.4M	Second NB
Mar 15, 1991	Sovereign SB	Palm Harbor, FL	$38.9M	Fifth Third SB, FSB
Mar 14, 1991	Coolidge Corner Co-Operative Bank	Brookline, MA	$83.7M	Brookline Savings Bank
Mar 14, 1991	Crossroads Bank	Victoria, TX	$22.4M	Victoria Bank & Trust Compa
Mar 8, 1991	Jefferson Federal Sa	Birmingham, AL	$666.5M	Branch sale
Mar 8, 1991	Beacon Federal Savings	Baldwin, NY	$406.0M	North Side SB
Mar 8, 1991	Preffered Savings and Loan	High Point, NC	$224.5M	Southern NB of NC
Mar 8, 1991	Alexander Hamilton	Paterson, NJ	$210.7M	First Fidelity Bank, N.A.
Mar 8, 1991	First Citizens Sla	Fort Pierce, FL	$200.5M	Riverside NB
Mar 8, 1991	First FSB	Huron, SD	$51.9M	Branch sale
Mar 8, 1991	First FSA of Wewoka	Wewoka, OK	$32.9M	First State Bank
Mar 8, 1991	Manilabank	Los Angeles, CA	$20.8M	Ust California, National As
Mar 8, 1991	First Marine Bank of Florida	Palm City, FL	$17.2M	1st United Bank
Mar 8, 1991	Seafirst Bank	Port St. Lucie, FL	$11.5M	Riverside National Bank of
Mar 1, 1991	Amerified Savings Bank	Lawrenceville, NJ	$110.6M	Branch sale
Mar 1, 1991	Peoples Federal S & L Assoc.	New Kensington, PA	$107.6M	Johnstown B&TC
Feb 28, 1991	United Citizens Bank, National Assoc	College Station, TX	$44.9M	First American Bank
Feb 22, 1991	Hollywood FSB	Hollywood, FL	$1.53B	First Union NB of FL
Feb 22, 1991	The McKinley Bank	Niles, OH	$70.6M	The Dollar Savings & Trust
Feb 22, 1991	First FS & La	Dallas, GA	$37.5M	Etowah Bank
Feb 21, 1991	Southwest National Bank	Albuquerque, NM	$37.2M	The Bank of New Mexico, SPR
Feb 20, 1991	First Northern Coop	Keene, NH	$114.6M	Granite Bank
Feb 14, 1991	Merchants Trust & Savings Bank	Kenner, LA	$43.8M	First American Bank and Tru
Feb 14, 1991	The First National Bank of Worth	Wortham, TX	$7.3M	Farmers State Bank
Feb 8, 1991	Unity FS & La	Beverly Hills, CA	$454.5M	Branch sale
Feb 8, 1991	First Jersey S & La Assoc.	Wyckoff, NJ	$287.7M	Valley NB
Feb 8, 1991	Family S & La	Seattle, WA	$99.6M	Puget Sound NB
Feb 8, 1991	Peoples Federal Savings Bank	Bay St. Louis, MS	$59.7M	Hancock Bank
Feb 8, 1991	First FSA of Waynesboro	Waynesboro, TN	$18.2M	Wayne County Bank
Feb 7, 1991	Lockhart State Bank	Lockhart, TX	$24.3M	Omnibank, National Associat
Feb 7, 1991	First National Bank in Kaufman	Kaufman, TX	$20.4M	The Farmers & Merchants Nat
Feb 1, 1991	Coreast FSB	Richmond, VA	$1.21B	Branch sale
Feb 1, 1991	Maine Savings Bank	Portland, ME	$1.18B	Fleet Bank of Maine
Feb 1, 1991	First Federal Savings of Toledo	Toledo, OH	$1.02B	First FSB
Feb 1, 1991	The Merchants Bank and Trust Co	Norwalk, CT	$269.9M	Union Trust Company
Feb 1, 1991	George Washington FSA	Jonesborough, TN	$14.6M	Home FS&LA of Upper E. TN
Jan 31, 1991	Bank of the Hills	Austin, TX	$255.1M	Team Bank
Jan 31, 1991	Rockport Bank, N.A.	Aransas County, TX	$17.8M	The Bank of Corpus Christi
Jan 29, 1991	Citizens National Bank and Trust	Chicago, IL	$18.8M	First Bank of Oak Park
Jan 25, 1991	Columbia Savings & Loan Assn.	Beverly Hills, CA	$5.36B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner, VA	$1.82B	Branch sale
Jan 25, 1991	Center S & La	Clifton, NJ	$132.6M	Hub Center Bank

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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