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 1, 1991 | Indian Head Federal Credit Union | Navy Federal Credit Union |
| Oct 1, 1991 | Estill Federal Savings Bank | First Federal Savings Bank |
| Oct 1, 1991 | (unnamed) | Bank of New Hampshire, National Association |
| Oct 1, 1991 | Goodwill Employees Federal Credit Union | Cal State L.A. Federal Credit Union |
| Oct 1, 1991 | The Bristol Bank | Bank of New Hampshire, National Association |
| Oct 1, 1991 | Tower Industries Inc. Employees Federal Credit Union | Inland Valley Federal Credit Union |
| Oct 1, 1991 | Lathers Credit Union | Construction Federal Credit Union |
| Sep 30, 1991 | Graphic Arts Credit Union of Los Angeles | Southland Credit Union |
| Sep 30, 1991 | United Savings Association of the Southwest, FSB | Bank United |
| Sep 30, 1991 | FNW Bancorp, Inc. | NBD Illinois, Inc. |
| Sep 30, 1991 | First Western Bancorp, Inc. | Christen Group, Inc. |
| Sep 30, 1991 | United Illinois Bank of Collinsville | United Illinois Bank of New Athens |
| Sep 30, 1991 | S O a R C Federal Credit Union | Rock Valley Credit Union |
| Sep 30, 1991 | Junior Form Federal Credit Union | Ussco Johnstown Federal Credit Union |
| Sep 30, 1991 | Home and City Savings Bank | TrustCo Bank, National Association |
| Sep 29, 1991 | State Bank of Fox Lake | Ergo Bank |
| Sep 29, 1991 | Fox Lake Bankshares, Inc. | FS Bancshares, Inc. |
| Sep 29, 1991 | Morris Savings Bank | First Fidelity Bank, National Association, New Jersey |
| Sep 28, 1991 | Presque Isle Bank | North Bank |
| Sep 28, 1991 | Ebenezer A.M.E. Church Credit Union | Credit Union One |
| Sep 28, 1991 | Jackson Mississippi School Employees Federal Credit Union | Jackson Area Federal Credit Union |
| Sep 26, 1991 | First National Bank | First United Bank and Trust Company |
| Sep 26, 1991 | First National Bank | City Bank & Trust |
| Sep 23, 1991 | Kentucky National Bank of Boone County | Star Bank, National Association, Kentucky |
| Sep 23, 1991 | Kentucky Bancorporation Inc. | Star Banc Corporation |
| Sep 23, 1991 | (unnamed) | Star Bank, National Association, Kentucky |
| Sep 23, 1991 | First National Bank in Anoka | Wells Fargo Bank Minnesota, National Association |
| Sep 22, 1991 | Amsterdam-Rotterdam Bank, N.V. | The Royal Bank of Scotland, N.V. |
| Sep 19, 1991 | Potomac Yard Federal Credit Union | AB&W Credit Union Inc. |
| Sep 16, 1991 | The Dawson Bank | Home State Bank and Trust Company |
| Sep 16, 1991 | Oak Lawn National Bank | First National Bank of Evergreen Park |
| Sep 16, 1991 | Clearing Bank | First National Bank of Evergreen Park |
| Sep 16, 1991 | Stiefel Companies Federal Credit Union | Sunmark Credit Union |
| Sep 14, 1991 | Logan Savings and Loan Association | First Federal Savings Bank |
| Sep 14, 1991 | The Central Trust Company | Bank One, National Association |
| Sep 14, 1991 | BB&T Savings Bank of Durham, Inc. | Truist Bank |
| Sep 14, 1991 | The Central Trust Company of Northeastern Ohio, N. A. | Bank One, Akron, National Association |
| Sep 14, 1991 | The Central Trust Company of Northern Ohio, National Association | Bank One, Cleveland, National Association |
| Sep 14, 1991 | Peoples Building and Loan Association of Oblong | First Crawford State Bank |
| Sep 14, 1991 | Liberty National Bank of Jessamine | Liberty National Bank of Lexington |
| Sep 14, 1991 | Bank One, Wooster, National Association | Bank One, Akron, National Association |
| Sep 14, 1991 | BB&T Federal Savings Bank of High Point | Truist Bank |
| Sep 14, 1991 | BB&T Federal Savings Bank of Pitt County | Truist Bank |
| Sep 13, 1991 | Watauga Savings and Loan Association, Inc. | RBC Bank (USA) |
| Sep 12, 1991 | Broyhill Employees Credit Union | Members Credit Union |
| Sep 11, 1991 | American Savings Bank, F.S.B. | Washington Mutual Bank |
| Sep 10, 1991 | West Frankfort Community Bancshares, Inc. | FB Corporation |
| Sep 10, 1991 | Chilton Memorial Hospital Federal Credit Union | North Jersey Federal Credit Union |
| Sep 7, 1991 | Farmers and Merchants Bank | American Midwest Bank |
| Sep 6, 1991 | Benedict College Federal Credit Union | Allsouth 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 | 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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