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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
Jan 25, 1991 Alvarado Bank Richmond, CA $33.5M Pacific Bay Bank
Jan 25, 1991 Coral S & La Coral Springs, FL $32.2M Bank of N. America-Broward
Jan 24, 1991 Metropolitan National Bank Farmers Branch, TX $97.3M Comerica Bank-Texas
Jan 22, 1991 American Bank, N.A. Rio Rancho, NM $20.7M United New Mexico Bank at a
Jan 18, 1991 Irving Savings & Loan Paterson, NJ $222.5M Hudson United Bank
Jan 18, 1991 Beach Federal Savings Assoc. Fountain Valley, CA $81.8M Queen City Bank, N.A.
Jan 11, 1991 Far West Savings & Loan Newport Beach, CA $3.71B Branch sale
Jan 11, 1991 Malibu SB Costa Mesa, CA $139.1M Brentwood Bank of CA
Jan 11, 1991 Community National Bank Glastonbury, CT $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford, CT $17.4M Bank of Boston CT/Bboc
Jan 6, 1991 Bank of New England, National Assoc Boston, MA $13.43B New Bank of New England, N.A.
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford, CT $7.21B New Connecticut Bank & Trus
Jan 6, 1991 Maine National Bank Portland, ME $1.05B New Maine National Bank
Jan 4, 1991 First FS & La of Pittsburg Pittsburgh, PA $3.09B PNC Interim FSB
Jan 4, 1991 Fulton Federal Savings Bank Atlanta, GA $2.02B Branch sale
Jan 4, 1991 First Federal Savings & Loan San Antonio, TX $638.6M First FSB
Jan 4, 1991 Trident Federal S & L Assoc. Newark, NJ $47.2M Collective FSB
Jan 4, 1991 Royal Oak FS & La Randallstown, MD $27.3M Royal Oak SB, FSB

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
Dec 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

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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