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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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
Nov 30, 1991 Nixa Bank MO Central Bank of The Ozarks
Nov 30, 1991 Cresta Blanca Federal Credit Union CA Uncle Credit Union
Nov 29, 1991 Community First North Dakota Bankshares, Inc. ND Community First Bankshares, Inc.
Nov 25, 1991 Luray Bankshares, Inc. KS The Peoples State Bank of Luray, Kansas
Nov 25, 1991 Placer Bancorporation CA Placer Bank of Commerce
Nov 25, 1991 The Fifth Third Bank of Western Ohio, National Association OH (unnamed)
Nov 23, 1991 The First National Bank of Geary OK The Peoples National Bank
Nov 23, 1991 American Bank OK American Heritage Bank
Nov 22, 1991 Ensley Neighborhood Federal Credit Union AL Americas First Federal Credit Union
Nov 22, 1991 U. S. Bank of Utah UT U.S. Bank, N.A.
Nov 18, 1991 (unnamed) — First Southern National Bank
Nov 16, 1991 Citizens Bank of Tolono IL Busey Bank
Nov 16, 1991 Albemarle Savings and Loan Association NC Truist Bank
Nov 16, 1991 Bank of Urbana IL Busey Bank
Nov 16, 1991 Community Bank of Mahomet IL Busey Bank
Nov 16, 1991 Northern Trust Bank of Florida/Naples National Association FL Northern Trust, National Association
Nov 15, 1991 The Maplewood Bank and Trust Company NJ Summit Bank
Nov 15, 1991 (unnamed) — Summit Bank
Nov 15, 1991 The Trust Company of Princeton NJ Summit Bank
Nov 15, 1991 Affiliated National Bank - Westlake CO Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991 The Miners' First National Bank & Trust Company of Ishpeming MI Wells Fargo Bank Michigan, National Association
Nov 10, 1991 Homewood Federal Savings and Loan Association IL Advance Bank
Nov 9, 1991 The Fifth Third Bank of Northwestern Ohio, National Association OH Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991 (unnamed) — Integra Bank/North
Nov 8, 1991 First Seneca Bank PA Integra Bank/North
Nov 7, 1991 The Citizens Bank of Newton County GA First Nation Bank
Nov 2, 1991 65 Realty Corp. PA Lehigh Valley Bank
Nov 2, 1991 Third Company PA Third National Bank and Trust Company of Scranton
Nov 2, 1991 BCB, Inc. PA Bucks County Bank and Trust Company
Nov 1, 1991 NBD Delaware Bank DE NBD Bank, National Association
Nov 1, 1991 C H and F Employees Credit Union IL Access Credit Union
Nov 1, 1991 TMB, Inc. PA Bucks County Bank and Trust Company
Nov 1, 1991 First Osmond Corporation NE First Laurel Security Co.
Nov 1, 1991 Complete Atlanta Fcu GA Fidelity Federal Credit Union
Nov 1, 1991 Sanilac County Teachers Credit Union MI Team One Credit Union
Nov 1, 1991 San Ignacio Credit Union NM Rio Grande Credit Union
Nov 1, 1991 Chickasawba Teachers Federal Credit Union AR Success Federal Credit Union
Nov 1, 1991 Old Colony Trust Company of South Carolina, National Association SC NCNB National Bank of South Carolina
Nov 1, 1991 West One Bank, King County WA West One Bank, Washington
Nov 1, 1991 First of America Bank-Muskegon MI First of America Bank-West Michigan, National Association
Nov 1, 1991 Economist Newspapers Federal Credit Union IL Illiana Financial Credit Union
Nov 1, 1991 West One Bank, Spokane WA West One Bank, Washington
Nov 1, 1991 Lighthouse Community Credit Union ME Town & Country Federal Credit Union
Nov 1, 1991 National Security, a Federal Bank for Savings IL Bell Federal Savings and Loan Association
Nov 1, 1991 First National Bank of Temple - South TX Extraco Banks, N.A.
Nov 1, 1991 Summit County Bank CO The Bank, National Association
Nov 1, 1991 The Bank of Fairplay CO The Bank, National Association
Nov 1, 1991 Fed Empl Cu GA Center Parc Credit Union
Nov 1, 1991 First Fidelity Trust, National Association, Florida FL NBD Trust Company of Florida, National Association
Nov 1, 1991 Landis and GYR Powers Employees Credit Union IL Great Lakes 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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