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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
Mar 22, 1991 Citizens Security Bank Borger, TX $34.1M Amarillo NB
Mar 22, 1991 Republic SB, FSB Rockville, MD $26.4M First FSB of DE
Mar 21, 1991 Sabinal Bank Sabinal, TX $24.8M —
Mar 21, 1991 Citadel Bank Willis, TX $21.9M Tomball National Bank
Mar 15, 1991 Amerifirst Federal Savings Miami, FL $3.58B Great Western Bank, FSB
Mar 15, 1991 Home Savings Association Kansas City, MO $2.94B Branch sale
Mar 15, 1991 Bell Federal Savings Upper Darby, PA $850.6M Meridian Bank
Mar 15, 1991 The Blackstone Bank and Trust Co Boston, MA $49.3M Baybank Boston, N.A.
Mar 15, 1991 Arcanium FSA Arcanum, OH $45.4M Second NB
Mar 15, 1991 Sovereign SB Palm Harbor, FL $38.9M Fifth Third SB, FSB
Mar 14, 1991 Coolidge Corner Co-Operative Bank Brookline, MA $83.7M Brookline Savings Bank
Mar 14, 1991 Crossroads Bank Victoria, TX $22.4M Victoria Bank & Trust Compa
Mar 8, 1991 Jefferson Federal Sa Birmingham, AL $666.5M Branch sale
Mar 8, 1991 Beacon Federal Savings Baldwin, NY $406.0M North Side SB
Mar 8, 1991 Preffered Savings and Loan High Point, NC $224.5M Southern NB of NC
Mar 8, 1991 Alexander Hamilton Paterson, NJ $210.7M First Fidelity Bank, N.A.
Mar 8, 1991 First Citizens Sla Fort Pierce, FL $200.5M Riverside NB
Mar 8, 1991 First FSB Huron, SD $51.9M Branch sale
Mar 8, 1991 First FSA of Wewoka Wewoka, OK $32.9M First State Bank
Mar 8, 1991 Manilabank Los Angeles, CA $20.8M Ust California, National As
Mar 8, 1991 First Marine Bank of Florida Palm City, FL $17.2M 1st United Bank
Mar 8, 1991 Seafirst Bank Port St. Lucie, FL $11.5M Riverside National Bank of
Mar 1, 1991 Amerified Savings Bank Lawrenceville, NJ $110.6M Branch sale
Mar 1, 1991 Peoples Federal S & L Assoc. New Kensington, PA $107.6M Johnstown B&TC
Feb 28, 1991 United Citizens Bank, National Assoc College Station, TX $44.9M First American Bank
Feb 22, 1991 Hollywood FSB Hollywood, FL $1.53B First Union NB of FL
Feb 22, 1991 The McKinley Bank Niles, OH $70.6M The Dollar Savings & Trust
Feb 22, 1991 First FS & La Dallas, GA $37.5M Etowah Bank
Feb 21, 1991 Southwest National Bank Albuquerque, NM $37.2M The Bank of New Mexico, SPR
Feb 20, 1991 First Northern Coop Keene, NH $114.6M Granite Bank
Feb 14, 1991 Merchants Trust & Savings Bank Kenner, LA $43.8M First American Bank and Tru
Feb 14, 1991 The First National Bank of Worth Wortham, TX $7.3M Farmers State Bank
Feb 8, 1991 Unity FS & La Beverly Hills, CA $454.5M Branch sale
Feb 8, 1991 First Jersey S & La Assoc. Wyckoff, NJ $287.7M Valley NB
Feb 8, 1991 Family S & La Seattle, WA $99.6M Puget Sound NB
Feb 8, 1991 Peoples Federal Savings Bank Bay St. Louis, MS $59.7M Hancock Bank
Feb 8, 1991 First FSA of Waynesboro Waynesboro, TN $18.2M Wayne County Bank
Feb 7, 1991 Lockhart State Bank Lockhart, TX $24.3M Omnibank, National Associat
Feb 7, 1991 First National Bank in Kaufman Kaufman, TX $20.4M The Farmers & Merchants Nat
Feb 1, 1991 Coreast FSB Richmond, VA $1.21B Branch sale
Feb 1, 1991 Maine Savings Bank Portland, ME $1.18B Fleet Bank of Maine
Feb 1, 1991 First Federal Savings of Toledo Toledo, OH $1.02B First FSB
Feb 1, 1991 The Merchants Bank and Trust Co Norwalk, CT $269.9M Union Trust Company
Feb 1, 1991 George Washington FSA Jonesborough, TN $14.6M Home FS&LA of Upper E. TN
Jan 31, 1991 Bank of the Hills Austin, TX $255.1M Team Bank
Jan 31, 1991 Rockport Bank, N.A. Aransas County, TX $17.8M The Bank of Corpus Christi
Jan 29, 1991 Citizens National Bank and Trust Chicago, IL $18.8M First Bank of Oak Park
Jan 25, 1991 Columbia Savings & Loan Assn. Beverly Hills, CA $5.36B Branch sale
Jan 25, 1991 Trustbank FSB Tysons Corner, VA $1.82B Branch sale
Jan 25, 1991 Center S & La Clifton, NJ $132.6M Hub Center Bank

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
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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