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
Aug 14, 1991	Theatre Crafts Federal Credit Union	TX	Texas Federal Credit Union
Aug 9, 1991	The Green Mountain Bank	VT	Green Mountain Bank
Aug 9, 1991	First Twin-State Bank	VT	Green Mountain Bank
Aug 7, 1991	Three Cities Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	Third Illinois Bancorp, Inc.	MO	First Bank
Aug 7, 1991	Second Illinois Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	C-Bancorp, Inc.	MO	FB Corporation
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 1, 1991	First Wisconsin National Bank of Brookfield	WI	Firstar Bank Milwaukee, National Association
Aug 1, 1991	Mesa National Bank - Patterson	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Rifle	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Clifton	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Glenwood Springs	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Montrose	CO	Mesa National Bank
Aug 1, 1991	American National Bank of Lisle	IL	American National Bank and Trust Company of Chicago
Aug 1, 1991	First Schiller Bancorp, Inc.	IL	American National Corporation
Aug 1, 1991	State Exchange Finance Company	IN	NCB Corp.
Aug 1, 1991	Joanna Western Mills Employees Credit Union	IL	Archer Heights Credit Union
Aug 1, 1991	Centreville Catholic Federal Credit Union	IL	Catholic and Community Credit Union
Aug 1, 1991	Japanese School Credit Union	CA	Jacom Credit Union
Aug 1, 1991	Promenade National Bank	TX	Compass Bank-Dallas
Aug 1, 1991	Vancouver Federal Savings Bank	WA	Washington Mutual, a Federal Savings Bank
Aug 1, 1991	Citizens National Bank, Flushing - St. Clairsville	OH	Columbus National Bank
Aug 1, 1991	Strohs Employees Credit Union	MN	Ideal Credit Union
Aug 1, 1991	San Diego Building Trade Federal Credit Union	CA	Banc of California, National Association
Aug 1, 1991	Valley Postal Credit Union	TX	Security First Federal Credit Union
Aug 1, 1991	Rice Lake Credit Union	WI	Royal Credit Union
Aug 1, 1991	Aae Federal Credit Union	PA	Ufcw Community Federal Credit Union
Aug 1, 1991	Youngstown Transit Employees Federal Credit Union	OH	Seven Seventeen Credit Union Inc
Aug 1, 1991	Community Service Credit Union Incorporated	CT	Navy Federal Credit Union
Aug 1, 1991	Brenton Bank and Trust Company	IA	Brenton Bank
Aug 1, 1991	U.S.E.S. Credit Union of New Orleans	LA	Les Federal Credit Union
Aug 1, 1991	M&I Bank of Hilldale	WI	M&I Bank of Southern Wisconsin
Aug 1, 1991	Peoples First National Bank of North Miami Beach	FL	Union Planters Bank of Florida
Aug 1, 1991	First Federal Savings and Loan Association	MT	Western Security Bank
Aug 1, 1991	Nage/Dcasd Federal Credit Union	CT	East Hartford Federal Credit Union
Aug 1, 1991	McArthur Dairy Empl Fcu	FL	Tropical Financial Credit Union
Jul 31, 1991	First United Bancorp, Inc.	IN	First Merchants Corporation
Jul 31, 1991	Portland Naacp Federal Credit Union	OR	Point West Credit Union
Jul 31, 1991	Cambar Federal Credit Union	SC	South Carolina Federal Credit Union
Jul 31, 1991	Sylvania Titusville Federal Credit Union	PA	Community Connect Federal Credit Union
Jul 31, 1991	Preston Bancshares, Inc.	IA	Chadwick Bancshares, Inc.
Jul 31, 1991	Nora Springs Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 31, 1991	Riceville Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 29, 1991	The Valley Bank of El Paso	TX	State National Bank
Jul 29, 1991	Holy Name Hospital Federal Credit Union	NJ	Greater Alliance Federal Credit Union
Jul 29, 1991	Saint Louis Computer Center, Inc. D/b/a/ First Data	MO	C-Bancorp, Inc.

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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