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 |
|---|---|---|
| Sep 27, 1991 | First Federal Savings | $251.2M |
| Sep 27, 1991 | Eastern FS & La of Sayville | $249.5M |
| Sep 27, 1991 | Nutley Savings & Loan | $188.6M |
| Sep 27, 1991 | Plymouth FSA | $174.7M |
| Sep 27, 1991 | Home FS & La of Harlan | $91.4M |
| Sep 27, 1991 | Midcounty Bank and Trust Company | $62.1M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 20, 1991 | Bank Five for Savings | $386.6M |
| Sep 20, 1991 | Mid-Jersey National Bank | $29.5M |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Sep 19, 1991 | Abraham Lincoln FSA | $189.1M |
| Sep 19, 1991 | Southeast Bank of West Florida | $97.3M |
| Sep 13, 1991 | Davy Crockett FS & La | $50.5M |
| Sep 13, 1991 | Evergreen FS & La | $40.3M |
| Sep 13, 1991 | Valley Bank | $33.7M |
| Sep 6, 1991 | United Home Federal | $443.4M |
| Sep 6, 1991 | Suffield Bank | $294.8M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Sep 6, 1991 | Bay FSB | $58.1M |
| Sep 6, 1991 | The Family Bank and Trust | $46.7M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Aug 30, 1991 | Lowell Institution for Savings | $386.4M |
| Aug 30, 1991 | Homestead FSA | $223.2M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 30, 1991 | Hillsborough Bank and Trust Co | $49.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Aug 29, 1991 | First National Bank and Trust Co | $33.5M |
| Aug 29, 1991 | The San Saba National Bank | $15.6M |
| Aug 23, 1991 | Merchants & Mechanics FSB | $209.9M |
| Aug 23, 1991 | First FS & La | $73.1M |
| Aug 23, 1991 | New Age FSA | $9.2M |
| Aug 22, 1991 | Buchel Bank & Trust Co. | $25.0M |
| Aug 22, 1991 | First Mexia Bank | $22.5M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Aug 16, 1991 | Northwest National Bank | $29.4M |
| Aug 16, 1991 | Enfield National Bank | $19.0M |
| Aug 16, 1991 | Centre Sa, F.A. | $15.2M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Aug 9, 1991 | Citytrust | $1.92B |
| Aug 9, 1991 | Mechanics and Farmers Savings Bank | $1.08B |
| Aug 9, 1991 | Larchmont FS & La | $123.8M |
| Aug 9, 1991 | Bank of South Palm Beaches | $61.3M |
| Aug 9, 1991 | First FS & La of Thief River Falls | $54.6M |
| Aug 9, 1991 | Southcoast Bank Corporation | $26.1M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Aug 2, 1991 | Coral Coast FSB | $61.2M |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 26, 1991 | Suburban National Bank | $91.1M |
| Jul 26, 1991 | The Housatonic Bank & Trust Co | $69.1M |
| Jul 26, 1991 | Westland FS & La | $31.8M |
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 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 | 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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