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 | Assets |
|---|---|---|
| Sep 27, 1991 | First Federal Savings | $251.2M |
| Sep 27, 1991 | Eastern FS & La of Sayville | $249.5M |
| Sep 27, 1991 | Nutley Savings & Loan | $188.6M |
| Sep 27, 1991 | Plymouth FSA | $174.7M |
| Sep 27, 1991 | Home FS & La of Harlan | $91.4M |
| Sep 27, 1991 | Midcounty Bank and Trust Company | $62.1M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 20, 1991 | Bank Five for Savings | $386.6M |
| Sep 20, 1991 | Mid-Jersey National Bank | $29.5M |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Sep 19, 1991 | Abraham Lincoln FSA | $189.1M |
| Sep 19, 1991 | Southeast Bank of West Florida | $97.3M |
| Sep 13, 1991 | Davy Crockett FS & La | $50.5M |
| Sep 13, 1991 | Evergreen FS & La | $40.3M |
| Sep 13, 1991 | Valley Bank | $33.7M |
| Sep 6, 1991 | United Home Federal | $443.4M |
| Sep 6, 1991 | Suffield Bank | $294.8M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Sep 6, 1991 | Bay FSB | $58.1M |
| Sep 6, 1991 | The Family Bank and Trust | $46.7M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Aug 30, 1991 | Lowell Institution for Savings | $386.4M |
| Aug 30, 1991 | Homestead FSA | $223.2M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 30, 1991 | Hillsborough Bank and Trust Co | $49.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Aug 29, 1991 | First National Bank and Trust Co | $33.5M |
| Aug 29, 1991 | The San Saba National Bank | $15.6M |
| Aug 23, 1991 | Merchants & Mechanics FSB | $209.9M |
| Aug 23, 1991 | First FS & La | $73.1M |
| Aug 23, 1991 | New Age FSA | $9.2M |
| Aug 22, 1991 | Buchel Bank & Trust Co. | $25.0M |
| Aug 22, 1991 | First Mexia Bank | $22.5M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Aug 16, 1991 | Northwest National Bank | $29.4M |
| Aug 16, 1991 | Enfield National Bank | $19.0M |
| Aug 16, 1991 | Centre Sa, F.A. | $15.2M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Aug 9, 1991 | Citytrust | $1.92B |
| Aug 9, 1991 | Mechanics and Farmers Savings Bank | $1.08B |
| Aug 9, 1991 | Larchmont FS & La | $123.8M |
| Aug 9, 1991 | Bank of South Palm Beaches | $61.3M |
| Aug 9, 1991 | First FS & La of Thief River Falls | $54.6M |
| Aug 9, 1991 | Southcoast Bank Corporation | $26.1M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Aug 2, 1991 | Coral Coast FSB | $61.2M |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 26, 1991 | Suburban National Bank | $91.1M |
| Jul 26, 1991 | The Housatonic Bank & Trust Co | $69.1M |
| Jul 26, 1991 | Westland FS & La | $31.8M |
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 | Acquirer |
|---|---|---|
| Nov 1, 1991 | Progressive Federal Savings Bank | Progressive Ozark Bank |
| Nov 1, 1991 | First State Bank of Lyman | The Equality State Bank |
| Nov 1, 1991 | News Corporation Employees Credit Union | Postal & Community Credit Union |
| Oct 31, 1991 | Olin Employees Credit Union of Joliet | Tech Credit Union |
| Oct 31, 1991 | Kemba Little Rock Credit Union | Kemba Delta Federal Credit Union |
| Oct 30, 1991 | Indian Head Mortgage Corp. | Fleet Bank-NH |
| Oct 30, 1991 | Fleet/Norstar Services-NH, Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Indian Head Bank Services Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Jeffrey Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Oct 28, 1991 | FirstBank of Minturn | FirstBank of Vail |
| Oct 28, 1991 | Manufacturers Bank of Lansing | Manufacturers Bank, National Association |
| Oct 28, 1991 | FirstBank of Beaver Creek, National Association | FirstBank of Avon |
| Oct 28, 1991 | Manufacturers National Bank of Grand Rapids | Manufacturers Bank, National Association |
| Oct 28, 1991 | Ponce Metropolitan Federal Credit Union | Borinquen Sur Federal Credit Union |
| Oct 28, 1991 | FirstBank of West Vail | FirstBank of Vail |
| Oct 28, 1991 | United Illinois Bank of New Athens | Central Bank |
| Oct 26, 1991 | Century Bank at Broadway | Century Bank |
| Oct 26, 1991 | Callaway Gardens Credit Association Credit Union | Five Star Credit Union |
| Oct 26, 1991 | Heritage Bank of Oak Lawn | Heritage Bank |
| Oct 26, 1991 | Heritage Bank Crestwood | Heritage Bank |
| Oct 26, 1991 | Columbia National Bank-Belmont | Columbia National Bank of Chicago |
| Oct 26, 1991 | (unnamed) | Heritage Bank |
| Oct 25, 1991 | Sioux Quality Credit Union | Telco Triad Community Credit Union |
| Oct 24, 1991 | BayBank First Easthampton, N.A. | BayBank, National Association |
| Oct 24, 1991 | BayBank Harvard Trust Company | BayBank, National Association |
| Oct 24, 1991 | BayBank South | BayBank, National Association |
| Oct 24, 1991 | BayBank Valley Trust Company | BayBank, National Association |
| Oct 23, 1991 | Americorp, Inc. | Ameribank Corporation |
| Oct 23, 1991 | Randolph County FS&LA | First State Bank & Trust Company |
| Oct 21, 1991 | MCS Employees Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Oct 19, 1991 | Hannibal Mutual Loan and Building Association | Roosevelt Bank |
| Oct 18, 1991 | Boatmen's National Bank of Richmond | Boatmen's River Valley Bank |
| Oct 18, 1991 | Exchange Bank of Schmidt & Koester | Gold Bank |
| Oct 12, 1991 | First Community Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Aurora | First Community Industrial Bank |
| Oct 12, 1991 | The State Bank of Kirkland | The Belvidere National Bank and Trust Company |
| Oct 12, 1991 | U.S. Shoe Employees Federal Credit Union | Members Trust Federal Credit Union |
| Oct 12, 1991 | First Community Industrial Bank of Longmont | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Arvada | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Littleton | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Fort Collins | First Community Industrial Bank |
| Oct 11, 1991 | First National Bank | Team Bank |
| Oct 10, 1991 | Bank of Speedwell, Inc. | Premier Bank-South, National Association |
| Oct 9, 1991 | Milton Tri-County Bank | Huntington Bank Huntington National Association |
| Oct 8, 1991 | Scott Methodist Credit Union | Credit Union One |
| Oct 7, 1991 | Basf Fibers Employees Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 7, 1991 | Widmer Bancshares, Inc. | Widmer Bancshares, Inc. |
| Oct 5, 1991 | Bank of San Clemente | Eldorado Bank |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jul 5, 1991 | OCC | The First National Bank of Hugo | Civil Money Penalty (CMP): Pearson, Robert |
| Jul 3, 1991 | FRB | Boca Bank | Written Agreement: Boca Bank, Boca Raton, FL |
| Jul 3, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Sherwin W. Easterling |
| Jul 3, 1991 | FRB | Southeast Banking Corporation | Written Agreement: Southeast Banking Corporation, Miami, FL |
| Jul 2, 1991 | OCC_OTS | First Federal Savings and Loan Association of Giles Co | Cease and Desist: First Federal Savings and Loan Association of Giles County |
| Jul 2, 1991 | OCC_OTS | (individual) | Supervisory Agreement: United Federal Savings Bank of Vincennee |
| Jul 2, 1991 | OCC_OTS | (individual) | Supervisory Agreement: First Gilbraltar Bank, FSB |
| Jul 1, 1991 | OCC_OTS | Kentucky Federal Savings and Loan Association | Supervisory Agreement: Kentucky Federal Savings and Loan Association |
| Jul 1, 1991 | OCC_OTS | Mid-Iowa Savings Bank, FSB | Supervisory Agreement: Mid-Iowa Savings Bank FSB |
| Jul 1, 1991 | OCC_OTS | Freehold Savings and Loan Association | Decision/Opinion and Order: Freehold Savings and Loan Association |
| Jun 28, 1991 | OCC_OTS | Pacific State Bank | Supervisory Agreement: Great Pacific Bank, SSB |
| Jun 28, 1991 | OCC_OTS | Highland Federal Bank, a Federal Savings Bank | Cease and Desist: Highland Federal Bank, FSB |
| Jun 28, 1991 | OCC_OTS | Encino Savings Bank, Federal Savings Bank | Cease and Desist: Encino Savings Bank |
| Jun 28, 1991 | OCC_OTS | Gold River Savings Bank | Orders of Removal/Prohibition: Richard H. Stoddard |
| Jun 28, 1991 | OCC_OTS | Gold River Savings Bank | Orders of Removal/Prohibition: Richard H. Stoddard |
| Jun 27, 1991 | OCC | The Blanco National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Blanco National Bank |
| Jun 27, 1991 | OCC_OTS | (individual) | Cease and Desist: First Savings Bank, FSB |
| Jun 27, 1991 | OCC_OTS | Mercantile Federal Savings Bank | Civil Money Penalty: Drue Birmingham, Jr. |
| Jun 27, 1991 | OCC_OTS | Mt. Troy Savings and Loan Association | Orders of Removal/Prohibition: Anthony M. Angiulli |
| Jun 27, 1991 | OCC_OTS | The Columbia Savings Bank | Supervisory Agreement: Columbia Savings and Loan Company |
| Jun 27, 1991 | OCC | Midsouth Bank, N.A. | Formal Agreement: Midsouth National Bank |
| Jun 27, 1991 | OCC | The Blanco National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Posey, Aaron |
| Jun 27, 1991 | OCC | The Rushville National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Rushville National Bank |
| Jun 27, 1991 | OCC | Mt. Troy Bank | Prohibition/Removal Orders: Angiulli, Anthony M. |
| Jun 26, 1991 | OCC | RHNB National Bank of North Carolina | Formal Agreement: Rhnb National Bank Of North Carolina |
| Jun 26, 1991 | OCC | The First National Bank of Eagle Lake | Formal Agreement: First National Bank of Eagle Lake, The |
| Jun 26, 1991 | OCC_OTS | Security Financial Banking & Savings Federal Savings Bank | Supervisory Agreement: Security Financial Banking and Savings, FSB |
| Jun 26, 1991 | OCC_OTS | Bay State Savings Bank | Supervisory Agreement: Bay State Federal Savings Bank |
| Jun 26, 1991 | OCC_OTS | Greater Bethlehem Savings and Loan Association | Supervisory Agreement: Greater Bethlehem Savings and Loan Association |
| Jun 26, 1991 | OCC_OTS | Rocky Mountain Capital | Supervisory Agreement: Rocky Mountain BAnk, FSB |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Hill, Arlie J. |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Hill, Brian L. |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Pedersen, Glen L. |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Wabeke, Cornelius |
| Jun 25, 1991 | OCC | Turtle Creek National Bank | Formal Agreement: Turtle Creek National Bank |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Hill, Gilbert D. |
| Jun 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Orders of Removal/Prohibition: Maxine Stowe |
| Jun 25, 1991 | OCC | First National Bank of St. Bernard Parish | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of St. Bernard … |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Newell |
| Jun 25, 1991 | OCC | The First National Bank of Newell | Civil Money Penalty (CMP): Ellrich, Robert |
| Jun 24, 1991 | OCC_OTS | Bay Federal Savings Bank | Cease and Desist: Bay Savings Bank |
| Jun 24, 1991 | OCC_OTS | Algiers Homestead Association | Civil Money Penalty: Algiers Homestead Association |
| Jun 24, 1991 | OCC_OTS | First Northern Savings and Loan Association | Civil Money Penalty: First Northern Savings and Loan Association |
| Jun 24, 1991 | OCC_OTS | Mercantile Federal Savings Bank | Civil Money Penalty: Jonathan B. Threadgill |
| Jun 24, 1991 | OCC_OTS | Suburban Bancorporation, Inc. | Orders of Removal/Prohibition: Herbert A. Middendorff |
| Jun 24, 1991 | OCC_OTS | (individual) | Supervisory Agreement: Bank Western, FSB |
| Jun 21, 1991 | OCC | Bankers Trust of Louisiana, N.A. | Civil Money Penalty (CMP): Thomason, H.Allen |
| Jun 21, 1991 | OCC_OTS | Lake Federal Savings and Loan Association of Hammond | Civil Money Penalty: Lake Federal Savings and Loan Association of Hammond |
| Jun 21, 1991 | OCC_OTS | Lake Federal Savings and Loan Association of Hammond | Civil Money Penalty: Lake Federal Savings Association of Hammond |
| Jun 21, 1991 | OCC | Atlantic National Bank | Civil Money Penalty (CMP): Willis, Levi E. |
FDIC Open-Bank Assistance in 1991
| Date | Institution | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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