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