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
Jul 27, 1991	Key Bank of Central New York, National Association	NY	KeyBank National Association
Jul 27, 1991	(unnamed)	—	The Bank of San Diego
Jul 27, 1991	The Oxford Bank	KS	Cornerbank
Jul 27, 1991	Key Bank of Western New York National Association	NY	KeyBank National Association
Jul 26, 1991	Roseville Bancorp, Inc.	MN	Midamerica Bancorporation, Inc.
Jul 26, 1991	Rea Employees Federal Credit Union	NC	Carolina Cooperative Federal Credit Union
Jul 25, 1991	Montrose M C Employees Federal Credit Union	PA	Penn East Federal Credit Union
Jul 24, 1991	Mount Calm Federal Credit Union	LA	Shreveport Federal Credit Union
Jul 23, 1991	First Federal Savings and Loan Association	WV	First Empire Federal Savings and Loan Association
Jul 23, 1991	McKinney Municipal Credit Union	TX	LegacyTexas Bank
Jul 22, 1991	The First National Bank in Dolton	IL	South Holland Trust & Savings Bank
Jul 22, 1991	First Dolton Corp.	IL	South Holland Bancorp, Inc.
Jul 20, 1991	First National Bank of Mt. Zion	IL	The First National Bank of Decatur
Jul 19, 1991	Mobile Radio Employees Credit Union	SC	Safe Federal Credit Union
Jul 19, 1991	Mid-South Bank & Trust Company	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Third Financial Services Incorporated	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Sequoyah State Bank of Muldrow	OK	Armstrong Bank
Jul 10, 1991	Battle Creek Bank	MN	MidAmerica Bank Maplewood
Jul 8, 1991	Syremp Credit Union, Inc.	OH	Tri-County Credit Union, Inc.
Jul 1, 1991	Firstar Hugo Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ibew Local 270 Fcu	TN	Y-12 Federal Credit Union
Jul 1, 1991	Whitehall Leather Employees Credit Union	MI	Harborlight Credit Union
Jul 1, 1991	King-Lar Employees Credit Union	IL	Staley Credit Union
Jul 1, 1991	Wunda Weave Federal Credit Union	SC	Spero Financial Federal Credit Union
Jul 1, 1991	Lefebure Employees Credit Union	IA	Quaker Oats Employees Credit Union
Jul 1, 1991	First Wisconsin Bank of Waukesha	WI	Firstar Bank Milwaukee, National Association
Jul 1, 1991	First Interstate Bank of Laramie, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	First Interstate Bank of Riverton, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	FGL Empl Fcu	FL	Coastline Federal Credit Union
Jul 1, 1991	Alta Bates Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 1, 1991	Christian Tabernacle Federal Credit Union	OH	Steel Valley Federal Credit Union
Jul 1, 1991	Firstar Eagan Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	J F & Associates Credit Union	NH	Triangle Credit Union
Jul 1, 1991	Steel Products Employees Credit Union, Inc.	OH	Day Air Credit Union, Inc.
Jul 1, 1991	Uniflow Employees Federal Credit Union	PA	Tri State Rail Federal Credit Union
Jul 1, 1991	Firstar Stillwater Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	First Interstate Bank of Cresco, National Association	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	Guardian Savings & Loan Association	NJ	Cape Bank
Jul 1, 1991	Elco Empl Fcu	PA	Blair County Federal Credit Union
Jul 1, 1991	Buena Vista Credit Union	CA	Tucoemas Federal Credit Union
Jul 1, 1991	General Fireproofing Employees Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Jul 1, 1991	(unnamed)	—	The First Citizens National Bank of Upper Sandusky
Jul 1, 1991	I.O.F. Norcal Federal Credit Union	CA	Allied Trades Credit Union
Jul 1, 1991	Aerostructures Empl Fcu	TN	Heritage Credit Union
Jul 1, 1991	Multibank National of Western Massachusetts	MA	MultiBank West
Jul 1, 1991	B C Financial Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1991	AMCORE Bank Carpentersville	IL	Amcore Bank National Association, Northwest
Jul 1, 1991	Cleveland-Jackson Sa Cu	TN	Tennessee Valley Federal Credit Union
Jul 1, 1991	Dynalectron Employees Federal Credit Union	VA	Money One Federal Credit Union
Jul 1, 1991	Nashville Kemba Fcu	TN	Ascend Federal Credit Union

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date	Agency	Institution	Action
Jun 20, 1991	OCC_OTS	(individual)	Cease and Desist: Lynda Darland Krisman
Jun 20, 1991	OCC_OTS	Algiers Homestead Association	Civil Money Penalty: Blaine S. Kern
Jun 20, 1991	OCC	The First National Bank of Franklin	Formal Agreement: The First National Bank of Franklin
Jun 20, 1991	OCC_OTS	Dona Ana Savings and Loan Association Incorporated	Civil Money Penalty: Dona Ana Savings and Loan Association
Jun 20, 1991	OCC_OTS	First Federal Savings & Loan Association of Allen Parish	Civil Money Penalty: First Federal Savings and Loan Association of Allen Parish
Jun 20, 1991	OCC	Plano East National Bank	Formal Agreement: Plano East National Bank
Jun 20, 1991	OCC	Fidelity Bancorp, Inc.	Formal Agreement: Fidelity National Bank
Jun 20, 1991	OCC	National City Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National City Bank
Jun 19, 1991	OCC_OTS	(individual)	Supervisory Agreement: Heart of Illinois Bank, Federal Savings Bank
Jun 19, 1991	OCC_OTS	Security Federal Savings Bank	Supervisory Agreement: Security Federal Savings Bank
Jun 19, 1991	OCC_OTS	Northwest Federal Banking and Savings, F.A.	Supervisory Agreement: Northwest Federal Banking & Savings FA
Jun 19, 1991	OCC_OTS	Home Federal Bank, SB	Supervisory Agreement: Home Federal Bank
Jun 19, 1991	OCC_OTS	American Savings, FSB	Supervisory Agreement: American Savings, FSB
Jun 19, 1991	OCC_OTS	First Federal Savings Bank	Cease and Desist: First Federal Savings Bank
Jun 19, 1991	OCC	First & Merchants National Bank	Formal Agreement: Sovran Bank, National Association
Jun 19, 1991	OCC	Sovran Bank/DC National	Formal Agreement: Sovran Bank/Dc National
Jun 19, 1991	OCC	First National Bank of Cedar Hill	Prohibition/Removal Orders: Cornwell, Gregory S.
Jun 18, 1991	OCC	The National City Bank of Denver	Civil Money Penalty (CMP): Duran, Joseph P.
Jun 18, 1991	FRB	Community Bank and Trust Company of Virginia	Written Agreement: Community Bank & Trust Company of Virginia, Sterling, VA
Jun 18, 1991	OCC	The National City Bank of Denver	Civil Money Penalty (CMP): Homer, C. James
Jun 18, 1991	OCC	Chancery National Bank	Civil Money Penalty (CMP): Campbell, Richard O.
Jun 18, 1991	OCC	The National City Bank of Denver	Civil Money Penalty (CMP): Cohen, Roger
Jun 18, 1991	OCC	The First National Bank of Englewood	Civil Money Penalty (CMP): Corbitt, Cecil
Jun 17, 1991	OCC_OTS	(individual)	Cease and Desist: Jolly W. Mathews, III
Jun 17, 1991	OCC_OTS	(individual)	Civil Money Penalty: Carroll H. Ingram
Jun 17, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Baxter, Raymond
Jun 17, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Quisenberry, J.R.
Jun 17, 1991	OCC_OTS	Plaistow Co-operative Bank	Cease and Desist: Plaistow Co-Operative Bank
Jun 17, 1991	OCC_OTS	(individual)	Cease and Desist: Howard M. Stroud
Jun 17, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Carroll H. Ingram
Jun 17, 1991	OCC_OTS	(individual)	Civil Money Penalty: Jolly W. Matthews III
Jun 17, 1991	OCC_OTS	(individual)	Cease and Desist: Ingram, Matthews & Stroud Ingram, Matthews & Stroud
Jun 14, 1991	OCC_OTS	(individual)	Cease and Desist: Walter C. Ferguson
Jun 14, 1991	OCC_OTS	(individual)	Cease and Desist: Howard M. Stroud
Jun 13, 1991	OCC	The National City Bank of Denver	Civil Money Penalty (CMP): Knirk, Patricia M.
Jun 13, 1991	OCC	Financial Services of the Rockies, Inc.	Formal Agreement: Bank Of The Rockies, N.A.
Jun 12, 1991	OCC	Independent Bank N.A.	Prohibition/Removal Orders: Lokey, Paul E.
Jun 12, 1991	OCC	Texas Guaranty National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Texas Guaranty National Bank
Jun 12, 1991	OCC_OTS	(individual)	Cease and Desist: Robert K. Hartmann
Jun 12, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert K. Hartmann
Jun 12, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert K. Hartmann
Jun 12, 1991	OCC_OTS	(individual)	Cease and Desist: Robert K. Hartmann
Jun 12, 1991	OCC	The First National Bank of Anna	Formal Agreement: The First National Bank Of Anna
Jun 10, 1991	OCC	The First National Bank of Brundidge	Formal Agreement: The First National Bank Of Brundidge
Jun 10, 1991	OCC_OTS	(individual)	Cease and Desist: United Federal SavingsBank
Jun 10, 1991	OCC_OTS	(individual)	Cease and Desist: Scituate Federal Savings Bank
Jun 7, 1991	OCC_OTS	Suburban Bancorporation, Inc.	Cease and Desist: Suburban Federal Savings Bank
Jun 6, 1991	OCC_OTS	Mercantile Federal Savings Bank	Civil Money Penalty: Shirley Cook
Jun 6, 1991	OCC_OTS	Mercantile Federal Savings Bank	Civil Money Penalty: Joe Benson
Jun 6, 1991	OCC_OTS	Mercantile Federal Savings Bank	Civil Money Penalty: Jim C. Hodge

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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