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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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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