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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
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
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
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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