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
Nov 30, 1991	Nixa Bank	MO	Central Bank of The Ozarks
Nov 30, 1991	Cresta Blanca Federal Credit Union	CA	Uncle Credit Union
Nov 29, 1991	Community First North Dakota Bankshares, Inc.	ND	Community First Bankshares, Inc.
Nov 25, 1991	Luray Bankshares, Inc.	KS	The Peoples State Bank of Luray, Kansas
Nov 25, 1991	Placer Bancorporation	CA	Placer Bank of Commerce
Nov 25, 1991	The Fifth Third Bank of Western Ohio, National Association	OH	(unnamed)
Nov 23, 1991	The First National Bank of Geary	OK	The Peoples National Bank
Nov 23, 1991	American Bank	OK	American Heritage Bank
Nov 22, 1991	Ensley Neighborhood Federal Credit Union	AL	Americas First Federal Credit Union
Nov 22, 1991	U. S. Bank of Utah	UT	U.S. Bank, N.A.
Nov 18, 1991	(unnamed)	—	First Southern National Bank
Nov 16, 1991	Citizens Bank of Tolono	IL	Busey Bank
Nov 16, 1991	Albemarle Savings and Loan Association	NC	Truist Bank
Nov 16, 1991	Bank of Urbana	IL	Busey Bank
Nov 16, 1991	Community Bank of Mahomet	IL	Busey Bank
Nov 16, 1991	Northern Trust Bank of Florida/Naples National Association	FL	Northern Trust, National Association
Nov 15, 1991	The Maplewood Bank and Trust Company	NJ	Summit Bank
Nov 15, 1991	(unnamed)	—	Summit Bank
Nov 15, 1991	The Trust Company of Princeton	NJ	Summit Bank
Nov 15, 1991	Affiliated National Bank - Westlake	CO	Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991	The Miners' First National Bank & Trust Company of Ishpeming	MI	Wells Fargo Bank Michigan, National Association
Nov 10, 1991	Homewood Federal Savings and Loan Association	IL	Advance Bank
Nov 9, 1991	The Fifth Third Bank of Northwestern Ohio, National Association	OH	Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991	(unnamed)	—	Integra Bank/North
Nov 8, 1991	First Seneca Bank	PA	Integra Bank/North
Nov 7, 1991	The Citizens Bank of Newton County	GA	First Nation Bank
Nov 2, 1991	65 Realty Corp.	PA	Lehigh Valley Bank
Nov 2, 1991	Third Company	PA	Third National Bank and Trust Company of Scranton
Nov 2, 1991	BCB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	NBD Delaware Bank	DE	NBD Bank, National Association
Nov 1, 1991	C H and F Employees Credit Union	IL	Access Credit Union
Nov 1, 1991	TMB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	First Osmond Corporation	NE	First Laurel Security Co.
Nov 1, 1991	Complete Atlanta Fcu	GA	Fidelity Federal Credit Union
Nov 1, 1991	Sanilac County Teachers Credit Union	MI	Team One Credit Union
Nov 1, 1991	San Ignacio Credit Union	NM	Rio Grande Credit Union
Nov 1, 1991	Chickasawba Teachers Federal Credit Union	AR	Success Federal Credit Union
Nov 1, 1991	Old Colony Trust Company of South Carolina, National Association	SC	NCNB National Bank of South Carolina
Nov 1, 1991	West One Bank, King County	WA	West One Bank, Washington
Nov 1, 1991	First of America Bank-Muskegon	MI	First of America Bank-West Michigan, National Association
Nov 1, 1991	Economist Newspapers Federal Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1991	West One Bank, Spokane	WA	West One Bank, Washington
Nov 1, 1991	Lighthouse Community Credit Union	ME	Town & Country Federal Credit Union
Nov 1, 1991	National Security, a Federal Bank for Savings	IL	Bell Federal Savings and Loan Association
Nov 1, 1991	First National Bank of Temple - South	TX	Extraco Banks, N.A.
Nov 1, 1991	Summit County Bank	CO	The Bank, National Association
Nov 1, 1991	The Bank of Fairplay	CO	The Bank, National Association
Nov 1, 1991	Fed Empl Cu	GA	Center Parc Credit Union
Nov 1, 1991	First Fidelity Trust, National Association, Florida	FL	NBD Trust Company of Florida, National Association
Nov 1, 1991	Landis and GYR Powers Employees Credit Union	IL	Great Lakes Credit Union

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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