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 1, 1991	Dekalb County School Employees Federal Credit Union	IN	Profed Federal Credit Union
Jul 1, 1991	Asheville Buncombe Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	The Martin Bank	TN	First Exchange Bank
Jul 1, 1991	(unnamed)	—	Citizens First State Bank
Jul 1, 1991	U.S. Government Employees Federal Credit Union	AR	Arkansas Federal Credit Union
Jul 1, 1991	School District 144 Employees Federal Credit Union	IL	Heights Auto Workers Credit Union
Jul 1, 1991	McWane Empl Cu	AL	Landmark Credit Union
Jul 1, 1991	(unnamed)	—	First Bank Mainland
Jul 1, 1991	Iveys Fcu	FL	Dillards Federal Credit Union
Jul 1, 1991	Southeastern Paper Prod Fcu	TN	Comtrust Federal Credit Union
Jul 1, 1991	H W S Federal Credit Union	HI	West Oahu Community Federal Credit Union
Jul 1, 1991	Firstar New Brighton Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Fountain City Federal Credit Union	AL	Mutual Savings Credit Union
Jul 1, 1991	Firstar Roseville Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Varo Employees Credit Union	TX	Texans Credit Union
Jul 1, 1991	Rantec Employees Federal Credit Union	CA	Premier America Credit Union
Jul 1, 1991	Henderson County Federal Credit Union	TX	Texas Trust Credit Union
Jul 1, 1991	Firstar St. Anthony Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Five Points Guaranty Bank	FL	First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991	West Far - Mor Credit Union	ND	United Savings Credit Union
Jul 1, 1991	First Interstate Bank of Algona	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	East Jersey Savings Bank SLA	NJ	Investors Bank
Jul 1, 1991	First Western Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	McDonald Dairy Employees Credit Union	MI	Dort Financial Credit Union
Jul 1, 1991	Firstar Centennial Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Firstar MetroBank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ingles Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	First Federal Savings Bank	NC	First-Citizens Bank & Trust Company
Jul 1, 1991	(unnamed)	—	Lasalle Bank Illinois
Jul 1, 1991	Tri State Ca Inc Cu	GA	Comtrust Federal Credit Union
Jul 1, 1991	Enterprise Bank, N.A.	NC	Triangle Bank
Jun 30, 1991	Square D Credit Union	WI	Guardian Credit Union
Jun 30, 1991	Whitney National Bank in St. Tammany Parish	LA	Whitney National Bank
Jun 30, 1991	Security Exchange Bancorp., Inc.	OK	Amquest Financial Corp.
Jun 30, 1991	U.S. Trust Company of California, N.A.	CA	U.S. Trust Company, National Association
Jun 30, 1991	Mission Valley Bancorp	CA	California Bancshares, Inc.
Jun 30, 1991	Ferryville State Bank	WI	River Bank
Jun 30, 1991	Kankakee Valspar Credit Union	IL	Riverside Community Credit Union
Jun 30, 1991	Thrift Associates Cu	PA	Vantage Trust Federal Credit Union
Jun 30, 1991	De Soto State Bank	WI	River Bank
Jun 30, 1991	Cleveland Steel & Tubes Employees Credit Union	OH	Steel Valley Federal Credit Union
Jun 29, 1991	Eastchester Savings Bank	NY	(unnamed)
Jun 29, 1991	Parker Bank Holding Corporation	IN	Summcorp
Jun 29, 1991	New Brunswick Savings Bank	NJ	Constellation Bank, National Association
Jun 29, 1991	Plaza National Bank	TX	Compass Bank-Dallas
Jun 29, 1991	Cottonwood Credit Union	UT	Health Care Credit Union
Jun 29, 1991	The Parker Banking Company	IN	Summit Bank of Muncie
Jun 28, 1991	Northern Trust of California N.A.	CA	Northern Trust Bank of California National Association
Jun 28, 1991	Inbancshares	CA	Comerica Holdings Incorporated
Jun 28, 1991	Nevada National Bancorporation	NV	Security Pacific Bank Nevada, National Association

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

Enforcement Actions in 1991

Action date	Agency	Institution	Action
Jul 17, 1991	OCC	The First National Bank of Wakefield	Civil Money Penalty (CMP): Ringsmuth, Joseph D.
Jul 17, 1991	OCC	First National Bank of Stamford	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Stamford
Jul 17, 1991	OCC	Southwest National Bank	Civil Money Penalty (CMP): Hines, Frank L.
Jul 17, 1991	OCC	The First National Bank of Wakefield	Civil Money Penalty (CMP): Knaack, William A.
Jul 17, 1991	OCC	The First National Bank of Wakefield	Civil Money Penalty (CMP): Arnestad, Leo C.
Jul 16, 1991	OCC_OTS	NCB Savings Association	Supervisory Agreement: NCB Savings Association
Jul 16, 1991	OCC	Columbia National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Columbia National Bank
Jul 16, 1991	OCC	Metropolitan Bank N.A.	Formal Agreement: Metropolitan Bank, N.A.
Jul 15, 1991	OCC_OTS	(individual)	Supervisory Agreement: Monroe Federal Svings and Loan Association
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Monroe R. Passis
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Eugene A. Rydz
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Harry J. Wright
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Irving Braun
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Martin W. Sheade
Jul 15, 1991	OCC	The First National Bank of Mesquite	Prohibition/Removal Orders: Gilley, Harold P.
Jul 15, 1991	OCC_OTS	Security Savings and Loan Association	Supervisory Agreement: Security Savings and Loan Association
Jul 15, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Civil Money Penalty: Charles F. Sebastian
Jul 14, 1991	OCC_OTS	Bank of Stockdale, F.S.B.	Supervisory Agreement: Bank of Stockdale, F.S.B.
Jul 12, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Ghaith Pharaon
Jul 12, 1991	OCC_OTS	First Savings Corporation	Supervisory Agreement: First Federal Savings and Loan Association of Bloomington
Jul 12, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Swaleh Naqvi
Jul 12, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Kemal Shoaib
Jul 12, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Agha Hasan Abedi
Jul 11, 1991	OCC	First National Bank in West Union	Civil Money Penalty (CMP): Stinespring, Charles
Jul 11, 1991	OCC	PiBank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Banco Pedroso, National Association
Jul 11, 1991	OCC	First National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank And Trust Company …
Jul 11, 1991	OCC	First National Bank in West Union	Civil Money Penalty (CMP): Helmick, James
Jul 11, 1991	OCC	First National Bank in West Union	Civil Money Penalty (CMP): Spencer, Hugh
Jul 11, 1991	OCC	First National Bank in West Union	Civil Money Penalty (CMP): Spencer, Ronald
Jul 11, 1991	OCC	Franklin National Bank of Virginia	Formal Agreement: Franklin National Bank of Virginia
Jul 11, 1991	OCC	First National Bank of Cedar Hill	Prohibition/Removal Orders: Bass, John
Jul 10, 1991	OCC	CCNB Bank, N.A.	Formal Agreement: Ccnb Bank, N.A.
Jul 10, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Cease and Desist: Ray L. Morrow
Jul 10, 1991	OCC_OTS	Davy Crockett Federal Savings Bank	Cease and Desist: Ray L. Morrow
Jul 10, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Ray L. Morrow
Jul 10, 1991	OCC_OTS	The Harrison Building and Loan Association	Supervisory Agreement: The Crestline Building and Loan Association
Jul 9, 1991	OCC	The Financial Center Bank, N.A.	Formal Agreement: The Financial Center Bank, N.A.
Jul 9, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Atlas, Sidney F.
Jul 9, 1991	OCC	South Side National Bank in St. Louis	Formal Agreement: South Side National Bank In St. Louis
Jul 9, 1991	OCC	The First National Bank of Belden	Formal Agreement: The First National Bank Of Belden
Jul 9, 1991	OCC	First National Bank of Dayton	Prohibition/Removal Orders: Rankin, Travis
Jul 9, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Joe E. Griffith
Jul 9, 1991	OCC_OTS	Investors Federal Bank and Savings Association	Supervisory Agreement: Investors Federal Bank and Savings Association
Jul 9, 1991	OCC_OTS	Coral Coast Federal Savings Bank	Cease and Desist: Coral Coast Savings Bank, FSB
Jul 9, 1991	OCC_OTS	(individual)	Civil Money Penalty: First Federal Savings and Loan Association of Indiana
Jul 9, 1991	OCC_OTS	(individual)	Civil Money Penalty: Firstsouth Savings Association
Jul 8, 1991	OCC	First National Bank	Civil Money Penalty (CMP): McCaslin, Henry
Jul 8, 1991	OCC_OTS	Gateway Federal Corporation	Orders of Removal/Prohibition: Robert McLaughlin
Jul 8, 1991	OCC_OTS	Gold River Savings Bank	Orders of Removal/Prohibition: Ronald W. Stoddard
Jul 8, 1991	OCC_OTS	Gold River Savings Bank	Orders of Removal/Prohibition: Ronald W. Stoddard

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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