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
May 10, 1991	First FS & La of Creston	Creston, IA	$67.3M	First FSB of Creston
May 10, 1991	Colonial FSB	Cranston, RI	$60.6M	Deposit payout
May 10, 1991	First FS & La of Fargo	Fargo, ND	$50.0M	First NB of ND
May 10, 1991	Capitol Federal Bank for Savings	Chicago, IL	$39.3M	Columbia NB of Chicago
May 10, 1991	The Washington Bank (Of Maryland)	Baltimore, MD	$39.0M	The First National Bank of
May 10, 1991	Guaranty FSA	Warner Robins, GA	$25.6M	Crossroads Bank of GA
May 10, 1991	Vermilion FSB	Abbeville, LA	$17.8M	First Acadiana NB
May 9, 1991	Texas Bank and Trust of Temple	Temple, TX	$45.2M	The Peoples National Bank O
May 9, 1991	Village Green National Bank	Jersey Village, TX	$29.5M	Bank of America Texas, Nati
May 9, 1991	The First National Bank of Poth	Poth, TX	$18.7M	Bank of Floresville
May 9, 1991	Chireno State Bank	Chireno, TX	$12.4M	The First State Bank
May 3, 1991	Boston Trade Bank	Boston, MA	$307.0M	The First National Bank of
May 3, 1991	First FS & La of Pittsburg	Pittsburg, KS	$290.9M	Farm & Home Sa
May 3, 1991	Security FS & La of Albuquerque	Albuquerque, NM	$261.7M	Branch sale
May 3, 1991	Sentry FSA	Norfolk, VA	$50.3M	Deposit payout
May 3, 1991	Newton Savings Bank, FSA	Fairfield, NJ	$40.9M	Sussex County State Bank
May 3, 1991	Century Federal Savings	Chicago, IL	$25.9M	Metropolitan B&TC
May 3, 1991	Liberty SB, FSB	Marietta, OH	$17.8M	People's B&TC
Apr 26, 1991	Sunbelt Savings	Irving, TX	$6.04B	Bank of America
Apr 26, 1991	John Hanson FSB	Beltsville, MD	$840.7M	Branch sale
Apr 26, 1991	Red River FS & La	Lawton, OK	$422.2M	Branch sale
Apr 26, 1991	Augusta FSA	Baltimore, MD	$151.3M	Branch sale
Apr 26, 1991	Home FS & La, F.A.	Algona, IA	$134.3M	Branch sale
Apr 26, 1991	Executive SB, FSB	Marina Del Rey, CA	$58.6M	Century FS&LA
Apr 26, 1991	Columbine Valley Bank and Trust	Jefferson County, CO	$9.5M	Vectra Bank
Apr 19, 1991	Metropolitan FS & La	Nashville, TN	$985.1M	Union Planters NB
Apr 19, 1991	Cimarron Federal Savings	Muskogee, OK	$782.0M	Branch sale
Apr 19, 1991	Prospect Park, FSB	West Paterson, NJ	$511.5M	Lakeview SB
Apr 19, 1991	Chisholm FS & La	Kingfisher, OK	$154.4M	Branch sale
Apr 19, 1991	Mercantile Savings Bank	Southaven, MS	$33.8M	First TN Bank Na, Ms
Apr 18, 1991	Community National Bank	Sherman, TX	$19.0M	American Bank of Sherman, N
Apr 12, 1991	Security Savings & Loan	Waterbury, CT	$143.2M	American Bank of CT
Apr 12, 1991	Arizona Commerce Bank	Tucson, AZ	$80.8M	Arizona Bank of Commerce
Apr 12, 1991	Whitney Bank and Trust	Hamden, CT	$40.6M	First Constitution Bank
Apr 11, 1991	American Bank & Trust Company	Shreveport, LA	$60.9M	Tri-State Bank and Trust
Apr 5, 1991	First FS & La of Seminole Co.	Sanford, FL	$185.3M	Federal Trust Bank, FSB
Apr 5, 1991	First Savings of Zion	Zion, IL	$63.2M	Advantage Bank
Apr 5, 1991	Columbia FSA of Hamilton	Hamilton, OH	$61.3M	Home FB, a FSB
Apr 5, 1991	The Blueville Bank of Grafton	Grafton, WV	$48.1M	The Empire National Bank of
Apr 5, 1991	First Federal SB, FSB	Ashburn, GA	$30.2M	Branch sale
Apr 4, 1991	First State Bank	Weimar, TX	$26.0M	Hill Bank & Trust Co.
Mar 29, 1991	City Bank and Trust	Claremont, NH	$116.0M	First NH Bank
Mar 29, 1991	Citizens National Bank	Limon, CO	$11.4M	First National Bank of Limo
Mar 28, 1991	The Landmark Bank	Hartford, CT	$227.9M	People's Bank
Mar 27, 1991	County Bank, FSB	Santa Barbara, CA	$1.17B	Home Savings of America, FS
Mar 22, 1991	United FSA of Iowa	Des Moines, IA	$895.8M	Branch sale
Mar 22, 1991	State Savings	Jackson Heights, NY	$445.4M	Branch sale
Mar 22, 1991	First FSA of Chickasha	Chickasha, OK	$161.4M	Branch sale
Mar 22, 1991	The Federal SB, FSB	Swainsboro, GA	$150.9M	Branch sale
Mar 22, 1991	American Federal Bank	Ada, OK	$110.2M	Home FS&LA of Ada

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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