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 | Assets |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 | Acquirer |
|---|---|---|
| Jul 1, 1991 | Dekalb County School Employees Federal Credit Union | Profed Federal Credit Union |
| Jul 1, 1991 | Asheville Buncombe Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | The Martin Bank | First Exchange Bank |
| Jul 1, 1991 | (unnamed) | Citizens First State Bank |
| Jul 1, 1991 | U.S. Government Employees Federal Credit Union | Arkansas Federal Credit Union |
| Jul 1, 1991 | School District 144 Employees Federal Credit Union | Heights Auto Workers Credit Union |
| Jul 1, 1991 | McWane Empl Cu | Landmark Credit Union |
| Jul 1, 1991 | (unnamed) | First Bank Mainland |
| Jul 1, 1991 | Iveys Fcu | Dillards Federal Credit Union |
| Jul 1, 1991 | Southeastern Paper Prod Fcu | Comtrust Federal Credit Union |
| Jul 1, 1991 | H W S Federal Credit Union | West Oahu Community Federal Credit Union |
| Jul 1, 1991 | Firstar New Brighton Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Fountain City Federal Credit Union | Mutual Savings Credit Union |
| Jul 1, 1991 | Firstar Roseville Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Varo Employees Credit Union | Texans Credit Union |
| Jul 1, 1991 | Rantec Employees Federal Credit Union | Premier America Credit Union |
| Jul 1, 1991 | Henderson County Federal Credit Union | Texas Trust Credit Union |
| Jul 1, 1991 | Firstar St. Anthony Bank, National Association | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Five Points Guaranty Bank | First Guaranty Bank and Trust Company of Jacksonville |
| Jul 1, 1991 | West Far - Mor Credit Union | United Savings Credit Union |
| Jul 1, 1991 | First Interstate Bank of Algona | Boatmen's Bank of North Iowa |
| Jul 1, 1991 | East Jersey Savings Bank SLA | Investors Bank |
| Jul 1, 1991 | First Western Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | McDonald Dairy Employees Credit Union | Dort Financial Credit Union |
| Jul 1, 1991 | Firstar Centennial Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Firstar MetroBank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Ingles Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | First Federal Savings Bank | First-Citizens Bank & Trust Company |
| Jul 1, 1991 | (unnamed) | Lasalle Bank Illinois |
| Jul 1, 1991 | Tri State Ca Inc Cu | Comtrust Federal Credit Union |
| Jul 1, 1991 | Enterprise Bank, N.A. | Triangle Bank |
| Jun 30, 1991 | Square D Credit Union | Guardian Credit Union |
| Jun 30, 1991 | Whitney National Bank in St. Tammany Parish | Whitney National Bank |
| Jun 30, 1991 | Security Exchange Bancorp., Inc. | Amquest Financial Corp. |
| Jun 30, 1991 | U.S. Trust Company of California, N.A. | U.S. Trust Company, National Association |
| Jun 30, 1991 | Mission Valley Bancorp | California Bancshares, Inc. |
| Jun 30, 1991 | Ferryville State Bank | River Bank |
| Jun 30, 1991 | Kankakee Valspar Credit Union | Riverside Community Credit Union |
| Jun 30, 1991 | Thrift Associates Cu | Vantage Trust Federal Credit Union |
| Jun 30, 1991 | De Soto State Bank | River Bank |
| Jun 30, 1991 | Cleveland Steel & Tubes Employees Credit Union | Steel Valley Federal Credit Union |
| Jun 29, 1991 | Eastchester Savings Bank | (unnamed) |
| Jun 29, 1991 | Parker Bank Holding Corporation | Summcorp |
| Jun 29, 1991 | New Brunswick Savings Bank | Constellation Bank, National Association |
| Jun 29, 1991 | Plaza National Bank | Compass Bank-Dallas |
| Jun 29, 1991 | Cottonwood Credit Union | Health Care Credit Union |
| Jun 29, 1991 | The Parker Banking Company | Summit Bank of Muncie |
| Jun 28, 1991 | Northern Trust of California N.A. | Northern Trust Bank of California National Association |
| Jun 28, 1991 | Inbancshares | Comerica Holdings Incorporated |
| Jun 28, 1991 | Nevada National Bancorporation | Security Pacific Bank Nevada, 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 | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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