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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
Dec 20, 1991 North Ridge Bank Oakland Park, FL $94.3M Intercontinental Bank
Dec 13, 1991 Investors FSB Richmond, VA $2.06B Central Fidelity Bank
Dec 13, 1991 The Bank Mart Bridgeport, CT $578.2M Gateway Bank
Dec 13, 1991 Merchants National Bank Leominster, MA $153.6M Worcester County Institutio
Dec 13, 1991 Bank of East Hartford East Hartford, CT $36.6M Bank of South Windsor
Dec 13, 1991 Federal Finance & Mortgage, LTD Honolulu, HI $7.7M First Hawaiian Credit Corp
Dec 12, 1991 Granite Co-Operative Bank Quincy, MA $103.8M South Boston Savings Bank
Dec 6, 1991 Saybrook Bank and Trust Company Old Saybrook, CT $77.3M The New Haven Savings Bank
Nov 26, 1991 First National Bank of Miami Miami, FL $40.5M Ready State Bank
Nov 22, 1991 White Horse FS & La Trenton, NJ $72.5M Collective FSB
Nov 22, 1991 Chase Savings & Loan Philadelphia, PA $46.9M United Bank of Philadelphia
Nov 22, 1991 Peoples FSA Ottumwa, IA $34.3M South Ottumwa SB
Nov 22, 1991 Western FS & La Clenview, IL $33.2M Devon Bank
Nov 15, 1991 Durham Trust Company Durham, NH $71.0M Granite Bank
Nov 14, 1991 Connecticut Savings Bank New Haven, CT $1.04B Centerbank
Nov 14, 1991 Worthington State Bank Worthington, IN $36.6M First Farmers State Bank
Nov 14, 1991 Alvarado National Bank Alvarado, TX $9.2M The First National Bank in
Nov 8, 1991 Cobb FSA Marietta, GA $83.2M First Union NB of GA
Nov 8, 1991 Delta FSB Westminster, CA $52.4M East-West FB, FSB
Nov 7, 1991 Community National Bank and Trust New York, NY $333.8M Chemical Bank
Nov 1, 1991 Marine View FSB Middletown, NJ $119.2M Summit Bank
Oct 31, 1991 Union Bank San Antonio, TX $84.9M Channelview Bank
Oct 30, 1991 Bank of the South Baton Rouge, LA $31.8M The First National Bank in
Oct 29, 1991 The Private Bank & Trust, Nation Miami, FL $4.3M —
Oct 25, 1991 Coolidge Bank and Trust Company Boston, MA $321.2M Pioneer Financial, a Cooper
Oct 25, 1991 First Hanover Bank Wilmington, NC $48.2M Central Carolina Bank and T
Oct 25, 1991 The Citizens Bank of Pagosa Springs Pagosa Springs, CO $17.3M Citizens Bank of Pagosa SPR
Oct 24, 1991 First National Bank, Bedford Bedford, TX $23.2M First International Bank
Oct 18, 1991 Central Bank Meriden, CT $654.7M Centerbank
Oct 18, 1991 Mission Valley Bank, National Assoc San Clemente, CA $42.7M Mid City Bank, National Ass
Oct 18, 1991 Connecticut Valley Bank Cromwell, CT $28.4M Midconn Bank
Oct 16, 1991 First FS & La Pontiac, MI $917.0M Branch sale
Oct 16, 1991 Citizens FSA Jacksonville, FL $65.7M Branch sale
Oct 13, 1991 Oaktree Federal Savings New Orleans, LA $2.21B Branch sale
Oct 11, 1991 The First, Federal Association Orlando, FL $1.07B Great Western Bank, FSB
Oct 11, 1991 First Federal Savings Lubbock, TX $223.7M First NB of Lubbock
Oct 11, 1991 Life FSB Clearwater, FL $107.6M Life SB, FSB
Oct 11, 1991 Iona Savings Bank Tilton, NH $31.2M First Savings and Loan Asso
Oct 10, 1991 New Hampshire Savings Bank Concord, NH $1.17B New Dartmouth Bank
Oct 10, 1991 Amoskeag Bank Manchester, NH $937.3M First NH Bank
Oct 10, 1991 Dartmouth Bank Manchester, NH $877.2M New Dartmouth Bank
Oct 10, 1991 Bankeast Manchester, NH $816.8M First NH Bank
Oct 10, 1991 Numerica Savings Bank, FSB Manchester, NH $509.1M New Dartmouth Bank
Oct 10, 1991 Nashua Trust Company Nashua, NH $425.1M First NH Bank
Oct 10, 1991 Homebank FSA Gilford, NH $255.1M Branch sale
Oct 10, 1991 Bank Meridian, N.A. Hampton, NH $109.4M First NH Bank
Oct 3, 1991 Harbor National Bank of Connecticut Branford, CT $22.9M The New Haven Savings Bank
Oct 3, 1991 Reagan State Bank Big Lake, TX $20.3M Security State Bank
Sep 27, 1991 United Savings of America Chicago, IL $1.16B First NB of Chicago
Sep 27, 1991 Santa Paula S & La Santa Paula, CA $280.7M Bank of Levy

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 14, 1991 Century Bank at Orchard Road CO Century Bank
Dec 14, 1991 Amboy National Bank NJ Amboy Bank
Dec 14, 1991 Century Bank North CO Century Bank
Dec 13, 1991 First State Bank TX Heritage Bank
Dec 13, 1991 Anne Arundel General Hospital Federal Credit Union MD National Institutes of Health Federal Credit Union
Dec 13, 1991 Cleveland Bank & Trust TX Heritage Bank
Dec 13, 1991 Park Tower National Bank TX Heritage Bank
Dec 12, 1991 Ameriway Bank National Association TX Compass Bank
Dec 12, 1991 Summit Bank of South Bend IN Summit Bank
Dec 10, 1991 Gateway Western Bank CA North County Bank
Dec 9, 1991 FirstBank of Southmoor Park, National Association CO FirstBank of Tech Center
Dec 9, 1991 (unnamed) — FirstBank North
Dec 9, 1991 FirstBank at 30th/Arapahoe, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Table Mesa, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Edgewater, National Association CO FirstBank of Wheat Ridge
Dec 9, 1991 FirstBank at 9th/Corona, National Association CO FirstBank of Denver
Dec 9, 1991 FirstBank at Chambers/Mississippi, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank at Buckley/Quincy, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank of Green Mountain, National Association CO FirstBank of Lakewood
Dec 9, 1991 Boatmen's Mountain Grove National Bank MO Boatmen's Bank of Southern Missouri
Dec 9, 1991 Rock Falls National Bank IL Mercantile Bank of Sterling-Rock Falls National Association
Dec 9, 1991 (unnamed) — FirstBank of Longmont, National Association
Dec 9, 1991 Kaw Valley Bank KS Firstar Bank, National Association
Dec 9, 1991 FirstBank at Arapahoe/Yosemite CO FirstBank of Arapahoe County
Dec 7, 1991 Founders National Bank CA Landmark Bank
Dec 7, 1991 Bank One, Wapakoneta, National Association OH Bank One, Lima, National Association
Dec 7, 1991 The Durham State Bank KS Central National Bank Marion County
Dec 7, 1991 London State Bank MN Sterling State Bank
Dec 6, 1991 Arlington State Bank TX Bank of North Texas, National Association
Dec 6, 1991 Bank of North Texas TX Bank of North Texas, National Association
Dec 6, 1991 Grange Co-Op Federal Credit Union ID Pioneer Federal Credit Union
Dec 6, 1991 Nabisco Houston Federal Credit Union TX Primeway Federal Credit Union
Dec 5, 1991 Griffith Consumers Employees Federal Credit Union MD Educational Systems Federal Credit Union
Dec 2, 1991 Cumberland Financial Services, Incorporated MN Firstar Corporation of Wisconsin
Dec 2, 1991 Battle Creek Enquirer Credit Union MI Omni Community Credit Union
Dec 2, 1991 Veterans Administration Medical Center Columbia Federal Credit Union SC Allsouth Federal Credit Union
Dec 2, 1991 Town & County Credit Union ND First Community Credit Union
Dec 2, 1991 Greater Baltimore Merchants Employees Credit Union MD Securityplus Federal Credit Union
Dec 2, 1991 Old National Bancshares, Inc. IL Mercantile Bancorporation Incorporated of Illinois
Dec 1, 1991 Arkansas State University Federal Credit Union AR Success Federal Credit Union
Dec 1, 1991 Norden Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Dec 1, 1991 Pioneer Bank of Evanston WY The Equality State Bank
Dec 1, 1991 Aliant Bank for Savings, F.S.B. AL Aliant Bank
Dec 1, 1991 Central Life Empl Cu FL Floridacentral Credit Union
Dec 1, 1991 Guarantee Mutual Credit Union NE Centris Federal Credit Union
Dec 1, 1991 Swayne Robinson Employees Federal Credit Union IN Wufface Federal Credit Union
Dec 1, 1991 Eclipse Employees Federal Credit Union IL Rock Valley Credit Union
Dec 1, 1991 Saint Bartholomew Parish Credit Union MI Motor City Co-Op Credit Union
Dec 1, 1991 Workmens Circle Credit Union MN Ideal Credit Union
Nov 30, 1991 United Missouri Bank of Paris MO UMB Bank, Northeast

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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