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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
Oct 2, 1991 Washburn Bancshares, Inc. IL Alpha Financial Group, Inc.
Oct 1, 1991 Alprodco Employees Credit Union TX Peco Federal Credit Union
Oct 1, 1991 The Northern Trust Company of Texas TX Northern Trust Bank of Texas National Association
Oct 1, 1991 Morgan Community Bancorp, Inc. IL First of America Bancorporation-Illinois, Inc.
Oct 1, 1991 Whitfield County Postal Employees Credit Union GA Georgia United Credit Union
Oct 1, 1991 Fresno Bee Credit Union CA McClatchy Employees Credit Union
Oct 1, 1991 Mellon Bank (North) National Association PA BNY Mellon, N.A.
Oct 1, 1991 Southern Missouri Bank MO (unnamed)
Oct 1, 1991 Mellon Bank (Central) N.A. PA BNY Mellon, N.A.
Oct 1, 1991 The Wellston State Bank OK Stroud National Bank
Oct 1, 1991 Lutheran General Federal Credit Union IL Encurage Financial Network
Oct 1, 1991 Bud-Jax Federal Credit Union FL Coastline Federal Credit Union
Oct 1, 1991 Occom Federal Credit Union NH Service Federal Credit Union
Oct 1, 1991 Cin-Tronics Employees Federal Credit Union OH Emery Federal Credit Union
Oct 1, 1991 Norstar Bank of Central NY NY Fleet Bank
Oct 1, 1991 Va Medical Center Federal Credit Union OK Oklahoma Federal Credit Union
Oct 1, 1991 Gaico Credit Union TX Resource One Credit Union
Oct 1, 1991 The First State Bank of New Rockford ND Bank Forward
Oct 1, 1991 Hillsborough CNTY Hosp Auth Empl Fcu FL Grow Financial Federal Credit Union
Oct 1, 1991 State Savings Bank IA Lincoln Savings Bank
Oct 1, 1991 Emprise Bank, National Association KS Emprise Bank National Association
Oct 1, 1991 Bithulithic Employees Credit Union TX Relyon Credit Union
Oct 1, 1991 K.C. Federal Credit Union KY L&N Federal Credit Union
Oct 1, 1991 The South Side Savings Bank, FSB OH Liberty Savings Bank, F.S.B.
Oct 1, 1991 Shelby Federal Savings Bank IN First of America Bank-Indiana
Oct 1, 1991 Horizon Savings Bank, S.A. WI The Equitable Bank, S.S.B.
Oct 1, 1991 Midlantic National Bank/North NJ (unnamed)
Oct 1, 1991 Borax Employees Federal Credit Union CA Logix Federal Credit Union
Oct 1, 1991 Pdea Federal Credit Union SC S.C. State Federal Credit Union
Oct 1, 1991 66 Credit Union MN Blaze Credit Union
Oct 1, 1991 Grandview Savings Association PA Parkvale Savings Bank
Oct 1, 1991 Sea Seven Federal Credit Union FL Navy Federal Credit Union
Oct 1, 1991 Plains Creamery Employees Credit Union TX BNSF Credit Union
Oct 1, 1991 Western Atlantic Credit Union TX Advancial Federal Credit Union
Oct 1, 1991 Gladstone Community Federal Credit Union MI Great Lakes First Federal Credit Union
Oct 1, 1991 Postal Credit Union of Galveston TX Coastal Community Federal Credit Union
Oct 1, 1991 K W Employees Federal Credit Union IN Profed Federal Credit Union
Oct 1, 1991 Pope Federal Credit Union NC Pentagon Federal Credit Union
Oct 1, 1991 Salt Workers Credit Union UT Cyprus Federal Credit Union
Oct 1, 1991 Strafford National Bank NH Bank of New Hampshire, National Association
Oct 1, 1991 Buckner Associates Credit Union TX Lone Star Credit Union
Oct 1, 1991 The Commonwealth National Bank PA BNY Mellon, N.A.
Oct 1, 1991 Park West State Bank TX Southwest Bank
Oct 1, 1991 BL&F Federal Credit Union PA Pannonia Federal Credit Union
Oct 1, 1991 Morgan County Community Bank IL First of America Bank - Springfield, National Association
Oct 1, 1991 The Suncook Bank NH Bank of New Hampshire, National Association
Oct 1, 1991 Union Pacific-Western Division Federal Credit Union CA Sea West Coast Guard Federal Credit Union
Oct 1, 1991 Hines Federal Credit Union IL U.S. Employees Credit Union
Oct 1, 1991 Northern Maine Credit Union ME Norstate Federal Credit Union
Oct 1, 1991 Farmers & Merchants Bank of Wimbledon ND Bank Forward

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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