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
Sep 27, 1991	First Federal Savings	Beaumont, TX	$251.2M	Kilgore FS&LA
Sep 27, 1991	Eastern FS & La of Sayville	Sayville, NY	$249.5M	Bayside FSB
Sep 27, 1991	Nutley Savings & Loan	Nutley, NJ	$188.6M	Valley NB
Sep 27, 1991	Plymouth FSA	Plymouth, MA	$174.7M	Branch sale
Sep 27, 1991	Home FS & La of Harlan	Harlan, IA	$91.4M	Conservative SB FSB
Sep 27, 1991	Midcounty Bank and Trust Company	Norwood, MA	$62.1M	Dedham Institution for Savi
Sep 27, 1991	Gold River SB	Fair Oaks, CA	$24.1M	El Dorado SB
Sep 20, 1991	Bank Five for Savings	Arlington, MA	$386.6M	Cambridge Savings Bank
Sep 20, 1991	Mid-Jersey National Bank	Somerville, NJ	$29.5M	United Jersey Bank/Central
Sep 19, 1991	Southeast Bank, N.A.	Miami, FL	$11.03B	First Union National Bank O
Sep 19, 1991	Abraham Lincoln FSA	Dresher, PA	$189.1M	Branch sale
Sep 19, 1991	Southeast Bank of West Florida	Pensacola, FL	$97.3M	First Union National Bank O
Sep 13, 1991	Davy Crockett FS & La	Crockett, TX	$50.5M	Deposit payout
Sep 13, 1991	Evergreen FS & La	Charleston, WV	$40.3M	Merchants NB of Montgomery
Sep 13, 1991	Valley Bank	White River Junction, VT	$33.7M	Vermont National Bank
Sep 6, 1991	United Home Federal	Toledo, OH	$443.4M	Standard FB
Sep 6, 1991	Suffield Bank	Suffield, CT	$294.8M	First Federal Bank, FSB
Sep 6, 1991	Heartland S & La	La Mesa, CA	$121.7M	Union Bank
Sep 6, 1991	Bay FSB	West Palm Beach, FL	$58.1M	Fidelity FSB of FL
Sep 6, 1991	The Family Bank and Trust	Allenstown, NH	$46.7M	The Valley Bank
Aug 30, 1991	Future Federal Savings Bank	Louisville, KY	$422.3M	Citizens Fidelity B&T
Aug 30, 1991	Lowell Institution for Savings	Lowell, MA	$386.4M	The Family Mutual Savings B
Aug 30, 1991	Homestead FSA	Middletown, PA	$223.2M	Farmers Trust Co.
Aug 30, 1991	Hilton Head Bank & Trust Company	Hilton Head Island, SC	$64.6M	The Anchor Bank
Aug 30, 1991	Hillsborough Bank and Trust Co	Milford, NH	$49.9M	Peterborough Savings Bank
Aug 30, 1991	United FSB	Prestonsburg, KY	$39.9M	Pikeville NB&TC
Aug 29, 1991	First National Bank and Trust Co	Blackwell, OK	$33.5M	Central National Bank & Tru
Aug 29, 1991	The San Saba National Bank	San Saba, TX	$15.6M	First Llano Bank
Aug 23, 1991	Merchants & Mechanics FSB	Springfield, OH	$209.9M	Banc One FSB
Aug 23, 1991	First FS & La	Mt. Vernon, OH	$73.1M	First FS&LA of Wooster
Aug 23, 1991	New Age FSA	St. Louis, MO	$9.2M	Commerce Bank of St. Louis
Aug 22, 1991	Buchel Bank & Trust Co.	Cuero, TX	$25.0M	First Bank
Aug 22, 1991	First Mexia Bank	Mexia, TX	$22.5M	The East Texas National Ban
Aug 16, 1991	First American FSB	Tucson, AZ	$145.0M	State SB, FSB
Aug 16, 1991	Northwest National Bank	Fayetteville, AR	$29.4M	Citizens Bank of Northwest
Aug 16, 1991	Enfield National Bank	Enfield, CT	$19.0M	Savings Institute
Aug 16, 1991	Centre Sa, F.A.	Arlington, TX	$15.2M	American FB, FSB
Aug 9, 1991	Great American FSA	San Diego, CA	$9.52B	Branch sale
Aug 9, 1991	Citytrust	Bridgeport, CT	$1.92B	Chase Manhattan Bank of Con
Aug 9, 1991	Mechanics and Farmers Savings Bank	Bridgeport, CT	$1.08B	Chase Manhattan Bank of Con
Aug 9, 1991	Larchmont FS & La	Larchmont, NY	$123.8M	Peoples Westchester SB
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo, FL	$61.3M	1st United Bank
Aug 9, 1991	First FS & La of Thief River Falls	Thief River Falls, MN	$54.6M	No. State BK of Thief Riv.
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach, FL	$26.1M	—
Aug 2, 1991	Standard FS & La	Columbia, SC	$319.7M	NB of South Carolina
Aug 2, 1991	Coral Coast FSB	Boynton Beach, FL	$61.2M	Mackinac SB, FSB
Jul 26, 1991	Atlantic Financial FSB	San Francisco, CA	$448.9M	Branch sale
Jul 26, 1991	Suburban National Bank	Hillsborough TWNS, NJ	$91.1M	Provident Savings Bank
Jul 26, 1991	The Housatonic Bank & Trust Co	Ansonia, CT	$69.1M	Shelton Savings Bank
Jul 26, 1991	Westland FS & La	Rawlins, WY	$31.8M	Rawlins NB

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 6, 1991	OCC_OTS	Mercantile Federal Savings Bank	Civil Money Penalty: Garnett West
Jun 6, 1991	OCC	Dana Niguel Bank, National Association	Formal Agreement: Dana Niguel Bank, National Association
Jun 6, 1991	OCC	Gateway National Bank	Civil Money Penalty (CMP): Jahn, Karl
Jun 6, 1991	OCC	The First National Bank in Cannon Falls	Civil Money Penalty (CMP): First National Bank In Cannon Falls
Jun 6, 1991	OCC	Gateway National Bank	Civil Money Penalty (CMP): Danziger, Dr.Franklin S.
Jun 5, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Forrest Wood Jr.
Jun 4, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Genavieve Marie (aka Gena Marie) Leur
Jun 4, 1991	OCC	Humble National Bank	Civil Money Penalty (CMP): Smith, James L.
Jun 4, 1991	OCC_OTS	The Farmers Trust Company	Cease and Desist: Farmers' and Mechanics' Savings Bank, S.L.A.
Jun 3, 1991	OCC_OTS	Family First Funding LLC	Decision/Opinion and Order: Ronald Tobia
Jun 3, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: John W. Shilling Jr.
Jun 3, 1991	OCC_OTS	Family First Funding LLC	Decision/Opinion and Order: Family First Federal Savings Bank
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Jerry Teague
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Don Jones
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Diane Rhone
May 30, 1991	OCC_OTS	First Federal Bank, a federal savings bank	Cease and Desist: First Federal Bank, a fsb
May 30, 1991	OCC_OTS	(individual)	Cease and Desist: American Savings and Loan Association
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Tom Allee
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Otis Wooten
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Lorinne Driskell
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Joanne Holcomb
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Jim Lovell
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Donn Currey
May 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Zealous Martin
May 29, 1991	OCC	The First National Bank of Quitman	Formal Agreement: First National Bank Of Quitman
May 28, 1991	OCC_OTS	Algiers Homestead Association	Cease and Desist: Hugh E. Humphrey, Jr.
May 28, 1991	OCC_OTS	Algiers Homestead Association	Cease and Desist: Hughe E. Humphrey, III
May 28, 1991	OCC_OTS	Algiers Homestead Association	Civil Money Penalty: Hugh E. Humphrey, III
May 28, 1991	OCC_OTS	Algiers Homestead Association	Civil Money Penalty: Hugh E. Humphrey, Jr.
May 28, 1991	OCC_OTS	Algiers Homestead Association	Cease and Desist: Algiers Homestead Asscociation
May 23, 1991	OCC	Bank of New Hampshire, National Association	Formal Agreement: Bank Of New Hampshire National Association
May 23, 1991	OCC_OTS	Potters Savings and Loan Company	Cease and Desist: The Potters Savings and Loan Company
May 23, 1991	OCC	Strafford National Bank	Formal Agreement: Strafford National Bank
May 23, 1991	OCC	New Atlantic Bank, N.A.	Formal Agreement: New Atlantic Bank, National Association
May 23, 1991	OCC	First National Bank of Jefferson Parish	Formal Agreement: First National Bank Of Jefferson Parish
May 22, 1991	OCC	First Exchange Bank of Little Rock, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Exchange Bank Of Little Rock, …
May 21, 1991	OCC	Community National Bank and Trust Company of New York	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community National Bank And Trust Company …
May 21, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Bebe Ulrich
May 20, 1991	FRB	South Texas Bancshares, Inc.	Written Agreement: First State Bank of Mathis, Mathis, TX and South Texas Bancshares, Inc., …
May 17, 1991	OCC	Southeast Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Zwick, Charles J.
May 16, 1991	OCC_OTS	(individual)	Cease and Desist: First Savings Bank, A Federal Savings Bank
May 16, 1991	OCC_OTS	Security Savings and Loan Association of Garden City	Civil Money Penalty: Security Savings and Loan Association of Garden City
May 16, 1991	OCC	Broad National Bancorporation	Formal Agreement: Broad National Bank
May 16, 1991	FRB	Midlantic Corporation	Written Agreement: Midlantic Corporation, Edison, NJ
May 16, 1991	OCC_OTS	Security Savings and Loan Association of Garden City	Cease and Desist: Security Savings and Loan Association of Garden City
May 15, 1991	OCC	Siouxland National Corporation	Formal Agreement: Siouxland National Bank
May 14, 1991	OCC_OTS	Algiers Homestead Association	Civil Money Penalty: Eugene Le Boeuf
May 14, 1991	OCC_OTS	Algiers Homestead Association	Civil Money Penalty: Thomas L. Arnold
May 14, 1991	OCC_OTS	Security Savings and Loan Association of Garden City	Civil Money Penalty: Faith N. Bell
May 14, 1991	OCC_OTS	Security Savings and Loan Association of Garden City	Civil Money Penalty: Donald H. Bell

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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