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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
Dec 20, 1991 North Ridge Bank Oakland Park, FL $94.3M Intercontinental Bank
Dec 13, 1991 Investors FSB Richmond, VA $2.06B Central Fidelity Bank
Dec 13, 1991 The Bank Mart Bridgeport, CT $578.2M Gateway Bank
Dec 13, 1991 Merchants National Bank Leominster, MA $153.6M Worcester County Institutio
Dec 13, 1991 Bank of East Hartford East Hartford, CT $36.6M Bank of South Windsor
Dec 13, 1991 Federal Finance & Mortgage, LTD Honolulu, HI $7.7M First Hawaiian Credit Corp
Dec 12, 1991 Granite Co-Operative Bank Quincy, MA $103.8M South Boston Savings Bank
Dec 6, 1991 Saybrook Bank and Trust Company Old Saybrook, CT $77.3M The New Haven Savings Bank
Nov 26, 1991 First National Bank of Miami Miami, FL $40.5M Ready State Bank
Nov 22, 1991 White Horse FS & La Trenton, NJ $72.5M Collective FSB
Nov 22, 1991 Chase Savings & Loan Philadelphia, PA $46.9M United Bank of Philadelphia
Nov 22, 1991 Peoples FSA Ottumwa, IA $34.3M South Ottumwa SB
Nov 22, 1991 Western FS & La Clenview, IL $33.2M Devon Bank
Nov 15, 1991 Durham Trust Company Durham, NH $71.0M Granite Bank
Nov 14, 1991 Connecticut Savings Bank New Haven, CT $1.04B Centerbank
Nov 14, 1991 Worthington State Bank Worthington, IN $36.6M First Farmers State Bank
Nov 14, 1991 Alvarado National Bank Alvarado, TX $9.2M The First National Bank in
Nov 8, 1991 Cobb FSA Marietta, GA $83.2M First Union NB of GA
Nov 8, 1991 Delta FSB Westminster, CA $52.4M East-West FB, FSB
Nov 7, 1991 Community National Bank and Trust New York, NY $333.8M Chemical Bank
Nov 1, 1991 Marine View FSB Middletown, NJ $119.2M Summit Bank
Oct 31, 1991 Union Bank San Antonio, TX $84.9M Channelview Bank
Oct 30, 1991 Bank of the South Baton Rouge, LA $31.8M The First National Bank in
Oct 29, 1991 The Private Bank & Trust, Nation Miami, FL $4.3M —
Oct 25, 1991 Coolidge Bank and Trust Company Boston, MA $321.2M Pioneer Financial, a Cooper
Oct 25, 1991 First Hanover Bank Wilmington, NC $48.2M Central Carolina Bank and T
Oct 25, 1991 The Citizens Bank of Pagosa Springs Pagosa Springs, CO $17.3M Citizens Bank of Pagosa SPR
Oct 24, 1991 First National Bank, Bedford Bedford, TX $23.2M First International Bank
Oct 18, 1991 Central Bank Meriden, CT $654.7M Centerbank
Oct 18, 1991 Mission Valley Bank, National Assoc San Clemente, CA $42.7M Mid City Bank, National Ass
Oct 18, 1991 Connecticut Valley Bank Cromwell, CT $28.4M Midconn Bank
Oct 16, 1991 First FS & La Pontiac, MI $917.0M Branch sale
Oct 16, 1991 Citizens FSA Jacksonville, FL $65.7M Branch sale
Oct 13, 1991 Oaktree Federal Savings New Orleans, LA $2.21B Branch sale
Oct 11, 1991 The First, Federal Association Orlando, FL $1.07B Great Western Bank, FSB
Oct 11, 1991 First Federal Savings Lubbock, TX $223.7M First NB of Lubbock
Oct 11, 1991 Life FSB Clearwater, FL $107.6M Life SB, FSB
Oct 11, 1991 Iona Savings Bank Tilton, NH $31.2M First Savings and Loan Asso
Oct 10, 1991 New Hampshire Savings Bank Concord, NH $1.17B New Dartmouth Bank
Oct 10, 1991 Amoskeag Bank Manchester, NH $937.3M First NH Bank
Oct 10, 1991 Dartmouth Bank Manchester, NH $877.2M New Dartmouth Bank
Oct 10, 1991 Bankeast Manchester, NH $816.8M First NH Bank
Oct 10, 1991 Numerica Savings Bank, FSB Manchester, NH $509.1M New Dartmouth Bank
Oct 10, 1991 Nashua Trust Company Nashua, NH $425.1M First NH Bank
Oct 10, 1991 Homebank FSA Gilford, NH $255.1M Branch sale
Oct 10, 1991 Bank Meridian, N.A. Hampton, NH $109.4M First NH Bank
Oct 3, 1991 Harbor National Bank of Connecticut Branford, CT $22.9M The New Haven Savings Bank
Oct 3, 1991 Reagan State Bank Big Lake, TX $20.3M Security State Bank
Sep 27, 1991 United Savings of America Chicago, IL $1.16B First NB of Chicago
Sep 27, 1991 Santa Paula S & La Santa Paula, CA $280.7M Bank of Levy

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
Dec 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date Agency Institution Action
Jul 29, 1991 FRB Bcci Holdings (Luxembourg) S.A. Notice of Intent: Kemal Shoaib
Jul 29, 1991 FRB Bcci Holdings (Luxembourg) S.A. Notice of Intent: Kamal Adham
Jul 29, 1991 OCC_OTS (individual) Cease and Desist: Athens Federal Saving and Loan Association
Jul 29, 1991 OCC_OTS Gateway Federal Savings Bank Cease and Desist: Gateway Federal Savings Bank
Jul 29, 1991 OCC_OTS Merit Savings Association Cease and Desist: Merit Savings Association
Jul 29, 1991 FRB Bcci Holdings (Luxembourg) S.A. Notice of Intent: Hasan Mahmood Kazmi
Jul 29, 1991 FRB Bcci Holdings (Luxembourg) S.A. Notice of Intent: Agha Hasan Abedi
Jul 26, 1991 OCC National Mercantile Capital Trust I Formal Agreement: Mercantile National Bank
Jul 26, 1991 OCC_OTS Mid-Central Federal Savings Bank Orders of Removal/Prohibition: Jerry G. Anderson
Jul 26, 1991 OCC Corinth Deposit National Bank Civil Money Penalty (CMP): Richie, Linda J.
Jul 25, 1991 OCC_OTS First Federal Savings Bank Cease and Desist: First Federal Savings Bank
Jul 25, 1991 OCC Citizens National Bank Prohibition/Removal Orders: Simpson, William
Jul 25, 1991 OCC Citizens National Bank Prohibition/Removal Orders: Simpson, Martha
Jul 25, 1991 OCC First-Nichols National Bank of Kenedy Formal Agreement: First-Nichols National Bank
Jul 25, 1991 OCC The First National Bank of Hooker Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Hooker
Jul 25, 1991 OCC_OTS First Federal Savings Bank Civil Money Penalty: John G. Howard
Jul 24, 1991 OCC_OTS Workingmens Savings and Loan Association Supervisory Agreement: Workingmens Savings and Loan Association
Jul 24, 1991 OCC (individual) Formal Agreement: Foxboro National Bank
Jul 23, 1991 OCC_OTS First Security Savings Bank, FSB Supervisory Agreement: First Security Savings Bank, FSB
Jul 23, 1991 OCC_OTS The Cumberland Federal Bancorporation, Inc. Capital Directives: The Cumberland Federal Svings BAnk
Jul 23, 1991 OCC_OTS Guthrie Savings and Loan Association Supervisory Agreement: Guthrie Savings and Loan Association
Jul 23, 1991 OCC Midlantic National Bank/North Formal Agreement: Midlantic National Bank/North
Jul 23, 1991 OCC The Citizens National Bank and Trust Company, El Reno, Oklahoma Formal Agreement: The Citizens National Bank and Trust Company, El Reno, Oklahoma
Jul 22, 1991 FRB Community National Bancorp, Inc Civil Money Penalty $7,500: Community National Bancorp, Inc., Staten Island, NY
Jul 22, 1991 FRB Community National Bancorp, Inc Cease and Desist Order: Community National Bancorp, Inc., Staten Island, NY
Jul 22, 1991 OCC_OTS Dona Ana Savings and Loan Association Incorporated Cease and Desist: Dona Ana Savings and Loan Association
Jul 22, 1991 OCC_OTS Leader Federal Bank for Savings Supervisory Agreement: Leader Federal Bank for Savings
Jul 22, 1991 OCC PNC Bank, N.A. Formal Agreement: Midlantic National Bank
Jul 22, 1991 FRB Banco Del Pichincha Limited Prohibition from Banking: Jose Valle
Jul 19, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Murdoch Frank ("Dick") Murchison
Jul 19, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Murdoch Frank ("Dick") Murchison
Jul 19, 1991 OCC_OTS (individual) Decision/Opinion and Order: Ponce Federal Bank, FSB
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: William Hamilton
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Philip Easton
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Mary Lou Johnson
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Kenneth O. Bridges
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: John Harris
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Jane Lewis
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Ike Williams
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: Gilbert C. Gibson
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: G. Carl Gibson, Jr.
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Civil Money Penalty: First Commercial Bank SSB
Jul 19, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Susan Bass
Jul 19, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Murdoch Frank ("Dick") Murchison
Jul 19, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Frances Avery
Jul 19, 1991 OCC_OTS First Commercial Savings Bank Cease and Desist: First Commercial Bank, SSB
Jul 18, 1991 OCC Plaza National Bank Formal Agreement: Plaza National Bank
Jul 18, 1991 OCC BayBank Connecticut, National Association Formal Agreement: Baybank Connecticut,, N.A.
Jul 17, 1991 OCC First National Bank of Luverne Formal Agreement: First National Bank In Garretson
Jul 17, 1991 OCC The First National Bank of Wakefield Civil Money Penalty (CMP): Ringsmuth, Joseph F.

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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