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
Jul 25, 1991	The Kerens Bank	Kerens, TX	$19.5M	Cedar Creek Bank
Jul 19, 1991	Pontchartrain State Bank	Metairie, LA	$140.0M	First National Bank of Comm
Jul 19, 1991	Cooperative FSB	Westmont, IL	$74.9M	Heritage Glenwood Bank
Jul 19, 1991	Community Guardian Bank	Elmwood Park, NJ	$55.3M	Interchange State Bank
Jul 19, 1991	Clinton S & La	Clinton, OK	$22.2M	Local Federal Bank, FSB
Jul 19, 1991	New Metropolitan FSB	Hialeah, FL	$18.4M	Desjardins FSB
Jul 12, 1991	Pan American FSB	San Mateo, CA	$287.2M	Pan American Bank, FSB
Jul 12, 1991	Danburry Savings & Loan	Danbury, CT	$270.2M	Bristol FSB
Jul 12, 1991	Monycor Savings Bank	Barron, WI	$151.7M	Branch sale
Jul 12, 1991	Fidelity FS & La	Austin, TX	$67.0M	Deposit payout
Jul 12, 1991	Dripping Springs National Bank	Dripping Springs, TX	$20.2M	Texas Bank
Jul 12, 1991	Landmark Thrift and Loan Association	San Diego, CA	$16.6M	—
Jul 9, 1991	Surety FS & La	Morganton, NC	$224.8M	First Citizens B&TC
Jun 28, 1991	First Mutual Bank for Savings	Boston, MA	$1.13B	First National Bank of Bost
Jun 28, 1991	Metrobank FS & La	Palisades Park, NJ	$474.3M	First FSB of DE
Jun 28, 1991	United FS & La	Jonesboro, AR	$142.5M	Branch sale
Jun 21, 1991	Guardian FSA	Huntington Beach, CA	$682.1M	Home Savings of America, FS
Jun 21, 1991	Beacon Co-Operative Bank	Boston, MA	$31.8M	Grove Bank
Jun 14, 1991	Springfield Fsla	Springfield, PA	$97.5M	Germantown SB
Jun 14, 1991	First Commerce SB, FSB	Lowell, IN	$10.9M	Centier Bank
Jun 13, 1991	The Bank of Horton	Horton, KS	$167.3M	Kansas State Bank
Jun 13, 1991	Tascosa National Bank of Amarillo	Amarillo, TX	$73.9M	Team Bank
Jun 13, 1991	Peoples Bank	Hewitt, TX	$17.3M	The National Bank of Gatesv
Jun 13, 1991	Texas Premier Bank of Victoria, National a	Victoria, TX	$15.4M	Victoria Bank and Trust Com
Jun 7, 1991	Dryades S & La	New Orleans, LA	$262.3M	Dryades SB, FSB
Jun 7, 1991	Woburn Five Cents Savings Bank	Woburn, MA	$247.2M	Sterling Bank
Jun 6, 1991	Northwest Bank, N.A.	San Antonio, TX	$7.2M	Valley-Hi National Bank of
May 31, 1991	Goldome	Buffalo, NY	$9.89B	Key Bank of Western New Yor
May 31, 1991	Goldome FSB	St. Petersburg, FL	$1.48B	First of America Bank/FL, F
May 31, 1991	Merabank Texas	El Paso, TX	$1.16B	Branch sale
May 31, 1991	University Bank, N.A.	Newton, MA	$318.8M	Sterling Bank
May 31, 1991	Westerleigh Savings	Staten Island, NY	$147.8M	Branch sale
May 31, 1991	United FS & La	Smyrna, GA	$119.3M	Branch sale
May 31, 1991	Burleson County Savings Assoc.	Caldwell, TX	$31.5M	Citizens State Bank
May 31, 1991	Enterprise S&LA	Compton, CA	$13.5M	Family SB, FSB
May 24, 1991	Progressive Savings Bank	Pasadena, CA	$388.3M	Branch sale
May 24, 1991	Florida State Bank	Holiday, FL	$87.4M	Orange Bank
May 24, 1991	First Security Bank	Roanoke, VA	$15.9M	First Century Bank
May 23, 1991	Far West FSB	Portland, OR	$2.07B	Branch sale
May 23, 1991	Liberty National Bank	Lovington, NM	$51.4M	Western Commerce Bank
May 22, 1991	The First National Bank of Toms River	Toms River, NJ	$1.42B	First Fidelity Bank, Nation
May 17, 1991	Altus FSB	Mobile, AL	$1.97B	Branch sale
May 17, 1991	The Cosmopolitan National Bank of Chicago	Chicago, IL	$110.1M	Cosmopolitan Bank and Trust
May 17, 1991	First City Bank	New Orleans, LA	$56.1M	First Bank and Trust
May 17, 1991	Ludington FSB	Ludington, MI	$34.2M	Northwestern SB&T
May 16, 1991	Capital Bank	Dallas, TX	$111.6M	Bank One, Texas, National a
May 16, 1991	First National Bank of Cedar Hill	Cedar Hill, TX	$11.0M	First State Bank
May 10, 1991	Madison National Bank	Washington, DC	$473.8M	Signet Bank, National Assoc
May 10, 1991	Madison National Bank of Virginia	McLean, VA	$174.2M	Signet Bank - Virginia
May 10, 1991	First FSA of Newton	Newton, KS	$125.6M	Central NB-Newton

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
Sep 5, 1991	Strother Drug Employees Credit Union	VA	Beacon Credit Union Incorporated
Sep 4, 1991	First Federal Savings and Loan Association of Idaho Falls	ID	WaFd Bank
Sep 3, 1991	Star Bank, National Association	OH	U.S. Bank N.A.
Sep 3, 1991	Star Bank, National Association, Butler County	OH	U.S. Bank N.A.
Sep 3, 1991	Postal Credit Union	NM	First Financial Credit Union
Sep 1, 1991	Diversified Federal Credit Union	CA	Logix Federal Credit Union
Sep 1, 1991	Bank One, Franklin	IN	Bank One, Indiana, National Association
Sep 1, 1991	Keyes Fibre Hammond Employees Federal Credit Union	IN	Regional Federal Credit Union
Sep 1, 1991	Valley Fidelity Bank and Trust Company	TN	First Horizon Bank
Sep 1, 1991	HBD Empl Fcu	TN	Clinchfield Federal Credit Union
Sep 1, 1991	First of America Bank-Wayne	MI	First of America Bank-Ann Arbor
Sep 1, 1991	Mohawk Valley Federal Savings Bank	NY	United Northern Federal Savings Bank
Sep 1, 1991	McGuire Federal Credit Union	NJ	Andrews Federal Credit Union
Sep 1, 1991	The Bank of New Mexico, las vegas	NM	The Bank of New Mexico
Sep 1, 1991	McCulloch Federal Credit Union	CA	La Financial Federal Credit Union
Sep 1, 1991	Saint Augustine Parish Federal Credit Union	PA	Iron Workers Federal Credit Union
Sep 1, 1991	SMCRC Credit Union	GA	Excel Federal Credit Union
Sep 1, 1991	1st Ambanc, Inc.	FL	Commercesouth, Inc.
Sep 1, 1991	The C-M Company, Inc	KS	First Medicine Lodge Bancshares, Inc.
Sep 1, 1991	Fpe Fcu	FL	Gte Federal Credit Union dba Gte Financial
Sep 1, 1991	Capitol Credit Union	AR	Arkansas Federal Credit Union
Sep 1, 1991	The State Bank of Salem	IN	INB Banking Company
Sep 1, 1991	The Isabel State Bank	KS	Solutionsbank
Sep 1, 1991	Central Soo Credit Union	WI	Royal Credit Union
Aug 31, 1991	Marquette Bank Apple Valley	MN	Marquette Bank Minneapolis, National Association
Aug 31, 1991	U.S. Trust Company of Texas	TX	U.S. Trust Company of Texas, National Association
Aug 31, 1991	Lakeshore Bank, N. A.	OK	Bank One, Oklahoma City
Aug 31, 1991	Beckley National Bank	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	Merchants & Miners National Bank of Oak Hill	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	State Bank of Firth, Inc.	NE	Farmers State Bank
Aug 31, 1991	Brown & Bigelow Employees Credit Union	MN	Riverview Credit Union
Aug 31, 1991	TN Grange Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Kerns Empl Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Southeast Cedar Rapids Community Credit Union	IA	Collins Community Credit Union
Aug 30, 1991	Arab Fcu	AL	Redstone Federal Credit Union
Aug 27, 1991	Ccta Federal Credit Union	MD	First Financial of Maryland Federal Credit Union
Aug 26, 1991	First Wisconsin Bank of Two Rivers	WI	Firstar Bank Manitowoc
Aug 26, 1991	Citgo Federal Credit Union	NJ	Energy One Federal Credit Union
Aug 24, 1991	Shidler Bancshares, Inc.	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Community Bank	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Lamar Industrial Bank	CO	Frontier Bank
Aug 23, 1991	Parish National Bank of St. Tammany	LA	Parish National Bank
Aug 22, 1991	Letchworth Ag Credit Corporation	NY	Letchworth Independent Bancshares Corporation
Aug 21, 1991	CB Bancshares, Inc.	GA	Synovus Financial Corp.
Aug 19, 1991	The Capital National Bank in Austin	TX	Norwest Bank Texas, Austin, National Association
Aug 19, 1991	Havana Bancshares, Inc.	IL	FB Corporation
Aug 19, 1991	Home Savings Bank, S.A.	WI	TCF National Bank Wisconsin
Aug 19, 1991	Electricians of 25 Federal Credit Union	NY	Nassau Financial Federal Credit Union
Aug 17, 1991	Farmers Exchange Bank	KY	Fifth Third Bank, Kentucky, Inc.
Aug 15, 1991	First Oak Brook Bank/Addison	IL	1st Oak Brook Bank

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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