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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
Mar 22, 1991 Citizens Security Bank Borger, TX $34.1M Amarillo NB
Mar 22, 1991 Republic SB, FSB Rockville, MD $26.4M First FSB of DE
Mar 21, 1991 Sabinal Bank Sabinal, TX $24.8M —
Mar 21, 1991 Citadel Bank Willis, TX $21.9M Tomball National Bank
Mar 15, 1991 Amerifirst Federal Savings Miami, FL $3.58B Great Western Bank, FSB
Mar 15, 1991 Home Savings Association Kansas City, MO $2.94B Branch sale
Mar 15, 1991 Bell Federal Savings Upper Darby, PA $850.6M Meridian Bank
Mar 15, 1991 The Blackstone Bank and Trust Co Boston, MA $49.3M Baybank Boston, N.A.
Mar 15, 1991 Arcanium FSA Arcanum, OH $45.4M Second NB
Mar 15, 1991 Sovereign SB Palm Harbor, FL $38.9M Fifth Third SB, FSB
Mar 14, 1991 Coolidge Corner Co-Operative Bank Brookline, MA $83.7M Brookline Savings Bank
Mar 14, 1991 Crossroads Bank Victoria, TX $22.4M Victoria Bank & Trust Compa
Mar 8, 1991 Jefferson Federal Sa Birmingham, AL $666.5M Branch sale
Mar 8, 1991 Beacon Federal Savings Baldwin, NY $406.0M North Side SB
Mar 8, 1991 Preffered Savings and Loan High Point, NC $224.5M Southern NB of NC
Mar 8, 1991 Alexander Hamilton Paterson, NJ $210.7M First Fidelity Bank, N.A.
Mar 8, 1991 First Citizens Sla Fort Pierce, FL $200.5M Riverside NB
Mar 8, 1991 First FSB Huron, SD $51.9M Branch sale
Mar 8, 1991 First FSA of Wewoka Wewoka, OK $32.9M First State Bank
Mar 8, 1991 Manilabank Los Angeles, CA $20.8M Ust California, National As
Mar 8, 1991 First Marine Bank of Florida Palm City, FL $17.2M 1st United Bank
Mar 8, 1991 Seafirst Bank Port St. Lucie, FL $11.5M Riverside National Bank of
Mar 1, 1991 Amerified Savings Bank Lawrenceville, NJ $110.6M Branch sale
Mar 1, 1991 Peoples Federal S & L Assoc. New Kensington, PA $107.6M Johnstown B&TC
Feb 28, 1991 United Citizens Bank, National Assoc College Station, TX $44.9M First American Bank
Feb 22, 1991 Hollywood FSB Hollywood, FL $1.53B First Union NB of FL
Feb 22, 1991 The McKinley Bank Niles, OH $70.6M The Dollar Savings & Trust
Feb 22, 1991 First FS & La Dallas, GA $37.5M Etowah Bank
Feb 21, 1991 Southwest National Bank Albuquerque, NM $37.2M The Bank of New Mexico, SPR
Feb 20, 1991 First Northern Coop Keene, NH $114.6M Granite Bank
Feb 14, 1991 Merchants Trust & Savings Bank Kenner, LA $43.8M First American Bank and Tru
Feb 14, 1991 The First National Bank of Worth Wortham, TX $7.3M Farmers State Bank
Feb 8, 1991 Unity FS & La Beverly Hills, CA $454.5M Branch sale
Feb 8, 1991 First Jersey S & La Assoc. Wyckoff, NJ $287.7M Valley NB
Feb 8, 1991 Family S & La Seattle, WA $99.6M Puget Sound NB
Feb 8, 1991 Peoples Federal Savings Bank Bay St. Louis, MS $59.7M Hancock Bank
Feb 8, 1991 First FSA of Waynesboro Waynesboro, TN $18.2M Wayne County Bank
Feb 7, 1991 Lockhart State Bank Lockhart, TX $24.3M Omnibank, National Associat
Feb 7, 1991 First National Bank in Kaufman Kaufman, TX $20.4M The Farmers & Merchants Nat
Feb 1, 1991 Coreast FSB Richmond, VA $1.21B Branch sale
Feb 1, 1991 Maine Savings Bank Portland, ME $1.18B Fleet Bank of Maine
Feb 1, 1991 First Federal Savings of Toledo Toledo, OH $1.02B First FSB
Feb 1, 1991 The Merchants Bank and Trust Co Norwalk, CT $269.9M Union Trust Company
Feb 1, 1991 George Washington FSA Jonesborough, TN $14.6M Home FS&LA of Upper E. TN
Jan 31, 1991 Bank of the Hills Austin, TX $255.1M Team Bank
Jan 31, 1991 Rockport Bank, N.A. Aransas County, TX $17.8M The Bank of Corpus Christi
Jan 29, 1991 Citizens National Bank and Trust Chicago, IL $18.8M First Bank of Oak Park
Jan 25, 1991 Columbia Savings & Loan Assn. Beverly Hills, CA $5.36B Branch sale
Jan 25, 1991 Trustbank FSB Tysons Corner, VA $1.82B Branch sale
Jan 25, 1991 Center S & La Clifton, NJ $132.6M Hub Center Bank

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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