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 |
|---|---|---|
| Sep 5, 1991 | Strother Drug Employees Credit Union | Beacon Credit Union Incorporated |
| Sep 4, 1991 | First Federal Savings and Loan Association of Idaho Falls | WaFd Bank |
| Sep 3, 1991 | Star Bank, National Association | U.S. Bank N.A. |
| Sep 3, 1991 | Star Bank, National Association, Butler County | U.S. Bank N.A. |
| Sep 3, 1991 | Postal Credit Union | First Financial Credit Union |
| Sep 1, 1991 | Diversified Federal Credit Union | Logix Federal Credit Union |
| Sep 1, 1991 | Bank One, Franklin | Bank One, Indiana, National Association |
| Sep 1, 1991 | Keyes Fibre Hammond Employees Federal Credit Union | Regional Federal Credit Union |
| Sep 1, 1991 | Valley Fidelity Bank and Trust Company | First Horizon Bank |
| Sep 1, 1991 | HBD Empl Fcu | Clinchfield Federal Credit Union |
| Sep 1, 1991 | First of America Bank-Wayne | First of America Bank-Ann Arbor |
| Sep 1, 1991 | Mohawk Valley Federal Savings Bank | United Northern Federal Savings Bank |
| Sep 1, 1991 | McGuire Federal Credit Union | Andrews Federal Credit Union |
| Sep 1, 1991 | The Bank of New Mexico, las vegas | The Bank of New Mexico |
| Sep 1, 1991 | McCulloch Federal Credit Union | La Financial Federal Credit Union |
| Sep 1, 1991 | Saint Augustine Parish Federal Credit Union | Iron Workers Federal Credit Union |
| Sep 1, 1991 | SMCRC Credit Union | Excel Federal Credit Union |
| Sep 1, 1991 | 1st Ambanc, Inc. | Commercesouth, Inc. |
| Sep 1, 1991 | The C-M Company, Inc | First Medicine Lodge Bancshares, Inc. |
| Sep 1, 1991 | Fpe Fcu | Gte Federal Credit Union dba Gte Financial |
| Sep 1, 1991 | Capitol Credit Union | Arkansas Federal Credit Union |
| Sep 1, 1991 | The State Bank of Salem | INB Banking Company |
| Sep 1, 1991 | The Isabel State Bank | Solutionsbank |
| Sep 1, 1991 | Central Soo Credit Union | Royal Credit Union |
| Aug 31, 1991 | Marquette Bank Apple Valley | Marquette Bank Minneapolis, National Association |
| Aug 31, 1991 | U.S. Trust Company of Texas | U.S. Trust Company of Texas, National Association |
| Aug 31, 1991 | Lakeshore Bank, N. A. | Bank One, Oklahoma City |
| Aug 31, 1991 | Beckley National Bank | Bank One, West Virginia, Beckley, National Association |
| Aug 31, 1991 | Merchants & Miners National Bank of Oak Hill | Bank One, West Virginia, Beckley, National Association |
| Aug 31, 1991 | State Bank of Firth, Inc. | Farmers State Bank |
| Aug 31, 1991 | Brown & Bigelow Employees Credit Union | Riverview Credit Union |
| Aug 31, 1991 | TN Grange Cu | First Choice Community Credit Union |
| Aug 31, 1991 | Kerns Empl Cu | First Choice Community Credit Union |
| Aug 31, 1991 | Southeast Cedar Rapids Community Credit Union | Collins Community Credit Union |
| Aug 30, 1991 | Arab Fcu | Redstone Federal Credit Union |
| Aug 27, 1991 | Ccta Federal Credit Union | First Financial of Maryland Federal Credit Union |
| Aug 26, 1991 | First Wisconsin Bank of Two Rivers | Firstar Bank Manitowoc |
| Aug 26, 1991 | Citgo Federal Credit Union | Energy One Federal Credit Union |
| Aug 24, 1991 | Shidler Bancshares, Inc. | Security Bank & Trust Company of Ponca City, Oklahoma |
| Aug 24, 1991 | Community Bank | Security Bank & Trust Company of Ponca City, Oklahoma |
| Aug 24, 1991 | Lamar Industrial Bank | Frontier Bank |
| Aug 23, 1991 | Parish National Bank of St. Tammany | Parish National Bank |
| Aug 22, 1991 | Letchworth Ag Credit Corporation | Letchworth Independent Bancshares Corporation |
| Aug 21, 1991 | CB Bancshares, Inc. | Synovus Financial Corp. |
| Aug 19, 1991 | The Capital National Bank in Austin | Norwest Bank Texas, Austin, National Association |
| Aug 19, 1991 | Havana Bancshares, Inc. | FB Corporation |
| Aug 19, 1991 | Home Savings Bank, S.A. | TCF National Bank Wisconsin |
| Aug 19, 1991 | Electricians of 25 Federal Credit Union | Nassau Financial Federal Credit Union |
| Aug 17, 1991 | Farmers Exchange Bank | Fifth Third Bank, Kentucky, Inc. |
| Aug 15, 1991 | First Oak Brook Bank/Addison | 1st Oak Brook 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 | 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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