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
Mar 22, 1991	Citizens Security Bank	Borger, TX	$34.1M	Amarillo NB
Mar 22, 1991	Republic SB, FSB	Rockville, MD	$26.4M	First FSB of DE
Mar 21, 1991	Sabinal Bank	Sabinal, TX	$24.8M	—
Mar 21, 1991	Citadel Bank	Willis, TX	$21.9M	Tomball National Bank
Mar 15, 1991	Amerifirst Federal Savings	Miami, FL	$3.58B	Great Western Bank, FSB
Mar 15, 1991	Home Savings Association	Kansas City, MO	$2.94B	Branch sale
Mar 15, 1991	Bell Federal Savings	Upper Darby, PA	$850.6M	Meridian Bank
Mar 15, 1991	The Blackstone Bank and Trust Co	Boston, MA	$49.3M	Baybank Boston, N.A.
Mar 15, 1991	Arcanium FSA	Arcanum, OH	$45.4M	Second NB
Mar 15, 1991	Sovereign SB	Palm Harbor, FL	$38.9M	Fifth Third SB, FSB
Mar 14, 1991	Coolidge Corner Co-Operative Bank	Brookline, MA	$83.7M	Brookline Savings Bank
Mar 14, 1991	Crossroads Bank	Victoria, TX	$22.4M	Victoria Bank & Trust Compa
Mar 8, 1991	Jefferson Federal Sa	Birmingham, AL	$666.5M	Branch sale
Mar 8, 1991	Beacon Federal Savings	Baldwin, NY	$406.0M	North Side SB
Mar 8, 1991	Preffered Savings and Loan	High Point, NC	$224.5M	Southern NB of NC
Mar 8, 1991	Alexander Hamilton	Paterson, NJ	$210.7M	First Fidelity Bank, N.A.
Mar 8, 1991	First Citizens Sla	Fort Pierce, FL	$200.5M	Riverside NB
Mar 8, 1991	First FSB	Huron, SD	$51.9M	Branch sale
Mar 8, 1991	First FSA of Wewoka	Wewoka, OK	$32.9M	First State Bank
Mar 8, 1991	Manilabank	Los Angeles, CA	$20.8M	Ust California, National As
Mar 8, 1991	First Marine Bank of Florida	Palm City, FL	$17.2M	1st United Bank
Mar 8, 1991	Seafirst Bank	Port St. Lucie, FL	$11.5M	Riverside National Bank of
Mar 1, 1991	Amerified Savings Bank	Lawrenceville, NJ	$110.6M	Branch sale
Mar 1, 1991	Peoples Federal S & L Assoc.	New Kensington, PA	$107.6M	Johnstown B&TC
Feb 28, 1991	United Citizens Bank, National Assoc	College Station, TX	$44.9M	First American Bank
Feb 22, 1991	Hollywood FSB	Hollywood, FL	$1.53B	First Union NB of FL
Feb 22, 1991	The McKinley Bank	Niles, OH	$70.6M	The Dollar Savings & Trust
Feb 22, 1991	First FS & La	Dallas, GA	$37.5M	Etowah Bank
Feb 21, 1991	Southwest National Bank	Albuquerque, NM	$37.2M	The Bank of New Mexico, SPR
Feb 20, 1991	First Northern Coop	Keene, NH	$114.6M	Granite Bank
Feb 14, 1991	Merchants Trust & Savings Bank	Kenner, LA	$43.8M	First American Bank and Tru
Feb 14, 1991	The First National Bank of Worth	Wortham, TX	$7.3M	Farmers State Bank
Feb 8, 1991	Unity FS & La	Beverly Hills, CA	$454.5M	Branch sale
Feb 8, 1991	First Jersey S & La Assoc.	Wyckoff, NJ	$287.7M	Valley NB
Feb 8, 1991	Family S & La	Seattle, WA	$99.6M	Puget Sound NB
Feb 8, 1991	Peoples Federal Savings Bank	Bay St. Louis, MS	$59.7M	Hancock Bank
Feb 8, 1991	First FSA of Waynesboro	Waynesboro, TN	$18.2M	Wayne County Bank
Feb 7, 1991	Lockhart State Bank	Lockhart, TX	$24.3M	Omnibank, National Associat
Feb 7, 1991	First National Bank in Kaufman	Kaufman, TX	$20.4M	The Farmers & Merchants Nat
Feb 1, 1991	Coreast FSB	Richmond, VA	$1.21B	Branch sale
Feb 1, 1991	Maine Savings Bank	Portland, ME	$1.18B	Fleet Bank of Maine
Feb 1, 1991	First Federal Savings of Toledo	Toledo, OH	$1.02B	First FSB
Feb 1, 1991	The Merchants Bank and Trust Co	Norwalk, CT	$269.9M	Union Trust Company
Feb 1, 1991	George Washington FSA	Jonesborough, TN	$14.6M	Home FS&LA of Upper E. TN
Jan 31, 1991	Bank of the Hills	Austin, TX	$255.1M	Team Bank
Jan 31, 1991	Rockport Bank, N.A.	Aransas County, TX	$17.8M	The Bank of Corpus Christi
Jan 29, 1991	Citizens National Bank and Trust	Chicago, IL	$18.8M	First Bank of Oak Park
Jan 25, 1991	Columbia Savings & Loan Assn.	Beverly Hills, CA	$5.36B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner, VA	$1.82B	Branch sale
Jan 25, 1991	Center S & La	Clifton, NJ	$132.6M	Hub Center Bank

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
Jul 1, 1991	Dekalb County School Employees Federal Credit Union	IN	Profed Federal Credit Union
Jul 1, 1991	Asheville Buncombe Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	The Martin Bank	TN	First Exchange Bank
Jul 1, 1991	(unnamed)	—	Citizens First State Bank
Jul 1, 1991	U.S. Government Employees Federal Credit Union	AR	Arkansas Federal Credit Union
Jul 1, 1991	School District 144 Employees Federal Credit Union	IL	Heights Auto Workers Credit Union
Jul 1, 1991	McWane Empl Cu	AL	Landmark Credit Union
Jul 1, 1991	(unnamed)	—	First Bank Mainland
Jul 1, 1991	Iveys Fcu	FL	Dillards Federal Credit Union
Jul 1, 1991	Southeastern Paper Prod Fcu	TN	Comtrust Federal Credit Union
Jul 1, 1991	H W S Federal Credit Union	HI	West Oahu Community Federal Credit Union
Jul 1, 1991	Firstar New Brighton Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Fountain City Federal Credit Union	AL	Mutual Savings Credit Union
Jul 1, 1991	Firstar Roseville Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Varo Employees Credit Union	TX	Texans Credit Union
Jul 1, 1991	Rantec Employees Federal Credit Union	CA	Premier America Credit Union
Jul 1, 1991	Henderson County Federal Credit Union	TX	Texas Trust Credit Union
Jul 1, 1991	Firstar St. Anthony Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Five Points Guaranty Bank	FL	First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991	West Far - Mor Credit Union	ND	United Savings Credit Union
Jul 1, 1991	First Interstate Bank of Algona	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	East Jersey Savings Bank SLA	NJ	Investors Bank
Jul 1, 1991	First Western Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	McDonald Dairy Employees Credit Union	MI	Dort Financial Credit Union
Jul 1, 1991	Firstar Centennial Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Firstar MetroBank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ingles Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	First Federal Savings Bank	NC	First-Citizens Bank & Trust Company
Jul 1, 1991	(unnamed)	—	Lasalle Bank Illinois
Jul 1, 1991	Tri State Ca Inc Cu	GA	Comtrust Federal Credit Union
Jul 1, 1991	Enterprise Bank, N.A.	NC	Triangle Bank
Jun 30, 1991	Square D Credit Union	WI	Guardian Credit Union
Jun 30, 1991	Whitney National Bank in St. Tammany Parish	LA	Whitney National Bank
Jun 30, 1991	Security Exchange Bancorp., Inc.	OK	Amquest Financial Corp.
Jun 30, 1991	U.S. Trust Company of California, N.A.	CA	U.S. Trust Company, National Association
Jun 30, 1991	Mission Valley Bancorp	CA	California Bancshares, Inc.
Jun 30, 1991	Ferryville State Bank	WI	River Bank
Jun 30, 1991	Kankakee Valspar Credit Union	IL	Riverside Community Credit Union
Jun 30, 1991	Thrift Associates Cu	PA	Vantage Trust Federal Credit Union
Jun 30, 1991	De Soto State Bank	WI	River Bank
Jun 30, 1991	Cleveland Steel & Tubes Employees Credit Union	OH	Steel Valley Federal Credit Union
Jun 29, 1991	Eastchester Savings Bank	NY	(unnamed)
Jun 29, 1991	Parker Bank Holding Corporation	IN	Summcorp
Jun 29, 1991	New Brunswick Savings Bank	NJ	Constellation Bank, National Association
Jun 29, 1991	Plaza National Bank	TX	Compass Bank-Dallas
Jun 29, 1991	Cottonwood Credit Union	UT	Health Care Credit Union
Jun 29, 1991	The Parker Banking Company	IN	Summit Bank of Muncie
Jun 28, 1991	Northern Trust of California N.A.	CA	Northern Trust Bank of California National Association
Jun 28, 1991	Inbancshares	CA	Comerica Holdings Incorporated
Jun 28, 1991	Nevada National Bancorporation	NV	Security Pacific Bank Nevada, National Association

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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