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 | Assets |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 | Acquirer |
|---|---|---|
| Nov 30, 1991 | Nixa Bank | Central Bank of The Ozarks |
| Nov 30, 1991 | Cresta Blanca Federal Credit Union | Uncle Credit Union |
| Nov 29, 1991 | Community First North Dakota Bankshares, Inc. | Community First Bankshares, Inc. |
| Nov 25, 1991 | Luray Bankshares, Inc. | The Peoples State Bank of Luray, Kansas |
| Nov 25, 1991 | Placer Bancorporation | Placer Bank of Commerce |
| Nov 25, 1991 | The Fifth Third Bank of Western Ohio, National Association | (unnamed) |
| Nov 23, 1991 | The First National Bank of Geary | The Peoples National Bank |
| Nov 23, 1991 | American Bank | American Heritage Bank |
| Nov 22, 1991 | Ensley Neighborhood Federal Credit Union | Americas First Federal Credit Union |
| Nov 22, 1991 | U. S. Bank of Utah | U.S. Bank, N.A. |
| Nov 18, 1991 | (unnamed) | First Southern National Bank |
| Nov 16, 1991 | Citizens Bank of Tolono | Busey Bank |
| Nov 16, 1991 | Albemarle Savings and Loan Association | Truist Bank |
| Nov 16, 1991 | Bank of Urbana | Busey Bank |
| Nov 16, 1991 | Community Bank of Mahomet | Busey Bank |
| Nov 16, 1991 | Northern Trust Bank of Florida/Naples National Association | Northern Trust, National Association |
| Nov 15, 1991 | The Maplewood Bank and Trust Company | Summit Bank |
| Nov 15, 1991 | (unnamed) | Summit Bank |
| Nov 15, 1991 | The Trust Company of Princeton | Summit Bank |
| Nov 15, 1991 | Affiliated National Bank - Westlake | Bank One, Fort Collins/Loveland, National Association |
| Nov 11, 1991 | The Miners' First National Bank & Trust Company of Ishpeming | Wells Fargo Bank Michigan, National Association |
| Nov 10, 1991 | Homewood Federal Savings and Loan Association | Advance Bank |
| Nov 9, 1991 | The Fifth Third Bank of Northwestern Ohio, National Association | Fifth Third Bank, Northwestern Ohio, National Association |
| Nov 8, 1991 | (unnamed) | Integra Bank/North |
| Nov 8, 1991 | First Seneca Bank | Integra Bank/North |
| Nov 7, 1991 | The Citizens Bank of Newton County | First Nation Bank |
| Nov 2, 1991 | 65 Realty Corp. | Lehigh Valley Bank |
| Nov 2, 1991 | Third Company | Third National Bank and Trust Company of Scranton |
| Nov 2, 1991 | BCB, Inc. | Bucks County Bank and Trust Company |
| Nov 1, 1991 | NBD Delaware Bank | NBD Bank, National Association |
| Nov 1, 1991 | C H and F Employees Credit Union | Access Credit Union |
| Nov 1, 1991 | TMB, Inc. | Bucks County Bank and Trust Company |
| Nov 1, 1991 | First Osmond Corporation | First Laurel Security Co. |
| Nov 1, 1991 | Complete Atlanta Fcu | Fidelity Federal Credit Union |
| Nov 1, 1991 | Sanilac County Teachers Credit Union | Team One Credit Union |
| Nov 1, 1991 | San Ignacio Credit Union | Rio Grande Credit Union |
| Nov 1, 1991 | Chickasawba Teachers Federal Credit Union | Success Federal Credit Union |
| Nov 1, 1991 | Old Colony Trust Company of South Carolina, National Association | NCNB National Bank of South Carolina |
| Nov 1, 1991 | West One Bank, King County | West One Bank, Washington |
| Nov 1, 1991 | First of America Bank-Muskegon | First of America Bank-West Michigan, National Association |
| Nov 1, 1991 | Economist Newspapers Federal Credit Union | Illiana Financial Credit Union |
| Nov 1, 1991 | West One Bank, Spokane | West One Bank, Washington |
| Nov 1, 1991 | Lighthouse Community Credit Union | Town & Country Federal Credit Union |
| Nov 1, 1991 | National Security, a Federal Bank for Savings | Bell Federal Savings and Loan Association |
| Nov 1, 1991 | First National Bank of Temple - South | Extraco Banks, N.A. |
| Nov 1, 1991 | Summit County Bank | The Bank, National Association |
| Nov 1, 1991 | The Bank of Fairplay | The Bank, National Association |
| Nov 1, 1991 | Fed Empl Cu | Center Parc Credit Union |
| Nov 1, 1991 | First Fidelity Trust, National Association, Florida | NBD Trust Company of Florida, National Association |
| Nov 1, 1991 | Landis and GYR Powers Employees Credit Union | Great Lakes 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 | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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