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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
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 1, 1991 Progressive Federal Savings Bank MO Progressive Ozark Bank
Nov 1, 1991 First State Bank of Lyman WY The Equality State Bank
Nov 1, 1991 News Corporation Employees Credit Union MO Postal & Community Credit Union
Oct 31, 1991 Olin Employees Credit Union of Joliet IL Tech Credit Union
Oct 31, 1991 Kemba Little Rock Credit Union AR Kemba Delta Federal Credit Union
Oct 30, 1991 Indian Head Mortgage Corp. NH Fleet Bank-NH
Oct 30, 1991 Fleet/Norstar Services-NH, Corporation NH Fleet Bank-NH
Oct 30, 1991 Indian Head Bank Services Corporation NH Fleet Bank-NH
Oct 30, 1991 Jeffrey Employees Credit Union, Inc. OH Wright-Patt Credit Union, Inc.
Oct 28, 1991 FirstBank of Minturn CO FirstBank of Vail
Oct 28, 1991 Manufacturers Bank of Lansing MI Manufacturers Bank, National Association
Oct 28, 1991 FirstBank of Beaver Creek, National Association CO FirstBank of Avon
Oct 28, 1991 Manufacturers National Bank of Grand Rapids MI Manufacturers Bank, National Association
Oct 28, 1991 Ponce Metropolitan Federal Credit Union PR Borinquen Sur Federal Credit Union
Oct 28, 1991 FirstBank of West Vail CO FirstBank of Vail
Oct 28, 1991 United Illinois Bank of New Athens IL Central Bank
Oct 26, 1991 Century Bank at Broadway CO Century Bank
Oct 26, 1991 Callaway Gardens Credit Association Credit Union GA Five Star Credit Union
Oct 26, 1991 Heritage Bank of Oak Lawn IL Heritage Bank
Oct 26, 1991 Heritage Bank Crestwood IL Heritage Bank
Oct 26, 1991 Columbia National Bank-Belmont IL Columbia National Bank of Chicago
Oct 26, 1991 (unnamed) — Heritage Bank
Oct 25, 1991 Sioux Quality Credit Union IA Telco Triad Community Credit Union
Oct 24, 1991 BayBank First Easthampton, N.A. MA BayBank, National Association
Oct 24, 1991 BayBank Harvard Trust Company MA BayBank, National Association
Oct 24, 1991 BayBank South MA BayBank, National Association
Oct 24, 1991 BayBank Valley Trust Company MA BayBank, National Association
Oct 23, 1991 Americorp, Inc. OK Ameribank Corporation
Oct 23, 1991 Randolph County FS&LA GA First State Bank & Trust Company
Oct 21, 1991 MCS Employees Credit Union, Inc. OH The Ohio Educational Credit Union, Inc.
Oct 19, 1991 Hannibal Mutual Loan and Building Association MO Roosevelt Bank
Oct 18, 1991 Boatmen's National Bank of Richmond MO Boatmen's River Valley Bank
Oct 18, 1991 Exchange Bank of Schmidt & Koester KS Gold Bank
Oct 12, 1991 First Community Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Aurora CO First Community Industrial Bank
Oct 12, 1991 The State Bank of Kirkland IL The Belvidere National Bank and Trust Company
Oct 12, 1991 U.S. Shoe Employees Federal Credit Union IN Members Trust Federal Credit Union
Oct 12, 1991 First Community Industrial Bank of Longmont CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Arvada CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Littleton CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Fort Collins CO First Community Industrial Bank
Oct 11, 1991 First National Bank TX Team Bank
Oct 10, 1991 Bank of Speedwell, Inc. VA Premier Bank-South, National Association
Oct 9, 1991 Milton Tri-County Bank WV Huntington Bank Huntington National Association
Oct 8, 1991 Scott Methodist Credit Union MI Credit Union One
Oct 7, 1991 Basf Fibers Employees Federal Credit Union VA 1st Advantage Federal Credit Union
Oct 7, 1991 Widmer Bancshares, Inc. MO Widmer Bancshares, Inc.
Oct 5, 1991 Bank of San Clemente CA 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 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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