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
Sep 27, 1991	First Federal Savings	Beaumont, TX	$251.2M	Kilgore FS&LA
Sep 27, 1991	Eastern FS & La of Sayville	Sayville, NY	$249.5M	Bayside FSB
Sep 27, 1991	Nutley Savings & Loan	Nutley, NJ	$188.6M	Valley NB
Sep 27, 1991	Plymouth FSA	Plymouth, MA	$174.7M	Branch sale
Sep 27, 1991	Home FS & La of Harlan	Harlan, IA	$91.4M	Conservative SB FSB
Sep 27, 1991	Midcounty Bank and Trust Company	Norwood, MA	$62.1M	Dedham Institution for Savi
Sep 27, 1991	Gold River SB	Fair Oaks, CA	$24.1M	El Dorado SB
Sep 20, 1991	Bank Five for Savings	Arlington, MA	$386.6M	Cambridge Savings Bank
Sep 20, 1991	Mid-Jersey National Bank	Somerville, NJ	$29.5M	United Jersey Bank/Central
Sep 19, 1991	Southeast Bank, N.A.	Miami, FL	$11.03B	First Union National Bank O
Sep 19, 1991	Abraham Lincoln FSA	Dresher, PA	$189.1M	Branch sale
Sep 19, 1991	Southeast Bank of West Florida	Pensacola, FL	$97.3M	First Union National Bank O
Sep 13, 1991	Davy Crockett FS & La	Crockett, TX	$50.5M	Deposit payout
Sep 13, 1991	Evergreen FS & La	Charleston, WV	$40.3M	Merchants NB of Montgomery
Sep 13, 1991	Valley Bank	White River Junction, VT	$33.7M	Vermont National Bank
Sep 6, 1991	United Home Federal	Toledo, OH	$443.4M	Standard FB
Sep 6, 1991	Suffield Bank	Suffield, CT	$294.8M	First Federal Bank, FSB
Sep 6, 1991	Heartland S & La	La Mesa, CA	$121.7M	Union Bank
Sep 6, 1991	Bay FSB	West Palm Beach, FL	$58.1M	Fidelity FSB of FL
Sep 6, 1991	The Family Bank and Trust	Allenstown, NH	$46.7M	The Valley Bank
Aug 30, 1991	Future Federal Savings Bank	Louisville, KY	$422.3M	Citizens Fidelity B&T
Aug 30, 1991	Lowell Institution for Savings	Lowell, MA	$386.4M	The Family Mutual Savings B
Aug 30, 1991	Homestead FSA	Middletown, PA	$223.2M	Farmers Trust Co.
Aug 30, 1991	Hilton Head Bank & Trust Company	Hilton Head Island, SC	$64.6M	The Anchor Bank
Aug 30, 1991	Hillsborough Bank and Trust Co	Milford, NH	$49.9M	Peterborough Savings Bank
Aug 30, 1991	United FSB	Prestonsburg, KY	$39.9M	Pikeville NB&TC
Aug 29, 1991	First National Bank and Trust Co	Blackwell, OK	$33.5M	Central National Bank & Tru
Aug 29, 1991	The San Saba National Bank	San Saba, TX	$15.6M	First Llano Bank
Aug 23, 1991	Merchants & Mechanics FSB	Springfield, OH	$209.9M	Banc One FSB
Aug 23, 1991	First FS & La	Mt. Vernon, OH	$73.1M	First FS&LA of Wooster
Aug 23, 1991	New Age FSA	St. Louis, MO	$9.2M	Commerce Bank of St. Louis
Aug 22, 1991	Buchel Bank & Trust Co.	Cuero, TX	$25.0M	First Bank
Aug 22, 1991	First Mexia Bank	Mexia, TX	$22.5M	The East Texas National Ban
Aug 16, 1991	First American FSB	Tucson, AZ	$145.0M	State SB, FSB
Aug 16, 1991	Northwest National Bank	Fayetteville, AR	$29.4M	Citizens Bank of Northwest
Aug 16, 1991	Enfield National Bank	Enfield, CT	$19.0M	Savings Institute
Aug 16, 1991	Centre Sa, F.A.	Arlington, TX	$15.2M	American FB, FSB
Aug 9, 1991	Great American FSA	San Diego, CA	$9.52B	Branch sale
Aug 9, 1991	Citytrust	Bridgeport, CT	$1.92B	Chase Manhattan Bank of Con
Aug 9, 1991	Mechanics and Farmers Savings Bank	Bridgeport, CT	$1.08B	Chase Manhattan Bank of Con
Aug 9, 1991	Larchmont FS & La	Larchmont, NY	$123.8M	Peoples Westchester SB
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo, FL	$61.3M	1st United Bank
Aug 9, 1991	First FS & La of Thief River Falls	Thief River Falls, MN	$54.6M	No. State BK of Thief Riv.
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach, FL	$26.1M	—
Aug 2, 1991	Standard FS & La	Columbia, SC	$319.7M	NB of South Carolina
Aug 2, 1991	Coral Coast FSB	Boynton Beach, FL	$61.2M	Mackinac SB, FSB
Jul 26, 1991	Atlantic Financial FSB	San Francisco, CA	$448.9M	Branch sale
Jul 26, 1991	Suburban National Bank	Hillsborough TWNS, NJ	$91.1M	Provident Savings Bank
Jul 26, 1991	The Housatonic Bank & Trust Co	Ansonia, CT	$69.1M	Shelton Savings Bank
Jul 26, 1991	Westland FS & La	Rawlins, WY	$31.8M	Rawlins NB

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
Sep 5, 1991	Strother Drug Employees Credit Union	VA	Beacon Credit Union Incorporated
Sep 4, 1991	First Federal Savings and Loan Association of Idaho Falls	ID	WaFd Bank
Sep 3, 1991	Star Bank, National Association	OH	U.S. Bank N.A.
Sep 3, 1991	Star Bank, National Association, Butler County	OH	U.S. Bank N.A.
Sep 3, 1991	Postal Credit Union	NM	First Financial Credit Union
Sep 1, 1991	Diversified Federal Credit Union	CA	Logix Federal Credit Union
Sep 1, 1991	Bank One, Franklin	IN	Bank One, Indiana, National Association
Sep 1, 1991	Keyes Fibre Hammond Employees Federal Credit Union	IN	Regional Federal Credit Union
Sep 1, 1991	Valley Fidelity Bank and Trust Company	TN	First Horizon Bank
Sep 1, 1991	HBD Empl Fcu	TN	Clinchfield Federal Credit Union
Sep 1, 1991	First of America Bank-Wayne	MI	First of America Bank-Ann Arbor
Sep 1, 1991	Mohawk Valley Federal Savings Bank	NY	United Northern Federal Savings Bank
Sep 1, 1991	McGuire Federal Credit Union	NJ	Andrews Federal Credit Union
Sep 1, 1991	The Bank of New Mexico, las vegas	NM	The Bank of New Mexico
Sep 1, 1991	McCulloch Federal Credit Union	CA	La Financial Federal Credit Union
Sep 1, 1991	Saint Augustine Parish Federal Credit Union	PA	Iron Workers Federal Credit Union
Sep 1, 1991	SMCRC Credit Union	GA	Excel Federal Credit Union
Sep 1, 1991	1st Ambanc, Inc.	FL	Commercesouth, Inc.
Sep 1, 1991	The C-M Company, Inc	KS	First Medicine Lodge Bancshares, Inc.
Sep 1, 1991	Fpe Fcu	FL	Gte Federal Credit Union dba Gte Financial
Sep 1, 1991	Capitol Credit Union	AR	Arkansas Federal Credit Union
Sep 1, 1991	The State Bank of Salem	IN	INB Banking Company
Sep 1, 1991	The Isabel State Bank	KS	Solutionsbank
Sep 1, 1991	Central Soo Credit Union	WI	Royal Credit Union
Aug 31, 1991	Marquette Bank Apple Valley	MN	Marquette Bank Minneapolis, National Association
Aug 31, 1991	U.S. Trust Company of Texas	TX	U.S. Trust Company of Texas, National Association
Aug 31, 1991	Lakeshore Bank, N. A.	OK	Bank One, Oklahoma City
Aug 31, 1991	Beckley National Bank	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	Merchants & Miners National Bank of Oak Hill	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	State Bank of Firth, Inc.	NE	Farmers State Bank
Aug 31, 1991	Brown & Bigelow Employees Credit Union	MN	Riverview Credit Union
Aug 31, 1991	TN Grange Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Kerns Empl Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Southeast Cedar Rapids Community Credit Union	IA	Collins Community Credit Union
Aug 30, 1991	Arab Fcu	AL	Redstone Federal Credit Union
Aug 27, 1991	Ccta Federal Credit Union	MD	First Financial of Maryland Federal Credit Union
Aug 26, 1991	First Wisconsin Bank of Two Rivers	WI	Firstar Bank Manitowoc
Aug 26, 1991	Citgo Federal Credit Union	NJ	Energy One Federal Credit Union
Aug 24, 1991	Shidler Bancshares, Inc.	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Community Bank	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Lamar Industrial Bank	CO	Frontier Bank
Aug 23, 1991	Parish National Bank of St. Tammany	LA	Parish National Bank
Aug 22, 1991	Letchworth Ag Credit Corporation	NY	Letchworth Independent Bancshares Corporation
Aug 21, 1991	CB Bancshares, Inc.	GA	Synovus Financial Corp.
Aug 19, 1991	The Capital National Bank in Austin	TX	Norwest Bank Texas, Austin, National Association
Aug 19, 1991	Havana Bancshares, Inc.	IL	FB Corporation
Aug 19, 1991	Home Savings Bank, S.A.	WI	TCF National Bank Wisconsin
Aug 19, 1991	Electricians of 25 Federal Credit Union	NY	Nassau Financial Federal Credit Union
Aug 17, 1991	Farmers Exchange Bank	KY	Fifth Third Bank, Kentucky, Inc.
Aug 15, 1991	First Oak Brook Bank/Addison	IL	1st Oak Brook 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	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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