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 |
|---|---|---|
| Nov 1, 1991 | Progressive Federal Savings Bank | Progressive Ozark Bank |
| Nov 1, 1991 | First State Bank of Lyman | The Equality State Bank |
| Nov 1, 1991 | News Corporation Employees Credit Union | Postal & Community Credit Union |
| Oct 31, 1991 | Olin Employees Credit Union of Joliet | Tech Credit Union |
| Oct 31, 1991 | Kemba Little Rock Credit Union | Kemba Delta Federal Credit Union |
| Oct 30, 1991 | Indian Head Mortgage Corp. | Fleet Bank-NH |
| Oct 30, 1991 | Fleet/Norstar Services-NH, Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Indian Head Bank Services Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Jeffrey Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Oct 28, 1991 | FirstBank of Minturn | FirstBank of Vail |
| Oct 28, 1991 | Manufacturers Bank of Lansing | Manufacturers Bank, National Association |
| Oct 28, 1991 | FirstBank of Beaver Creek, National Association | FirstBank of Avon |
| Oct 28, 1991 | Manufacturers National Bank of Grand Rapids | Manufacturers Bank, National Association |
| Oct 28, 1991 | Ponce Metropolitan Federal Credit Union | Borinquen Sur Federal Credit Union |
| Oct 28, 1991 | FirstBank of West Vail | FirstBank of Vail |
| Oct 28, 1991 | United Illinois Bank of New Athens | Central Bank |
| Oct 26, 1991 | Century Bank at Broadway | Century Bank |
| Oct 26, 1991 | Callaway Gardens Credit Association Credit Union | Five Star Credit Union |
| Oct 26, 1991 | Heritage Bank of Oak Lawn | Heritage Bank |
| Oct 26, 1991 | Heritage Bank Crestwood | Heritage Bank |
| Oct 26, 1991 | Columbia National Bank-Belmont | Columbia National Bank of Chicago |
| Oct 26, 1991 | (unnamed) | Heritage Bank |
| Oct 25, 1991 | Sioux Quality Credit Union | Telco Triad Community Credit Union |
| Oct 24, 1991 | BayBank First Easthampton, N.A. | BayBank, National Association |
| Oct 24, 1991 | BayBank Harvard Trust Company | BayBank, National Association |
| Oct 24, 1991 | BayBank South | BayBank, National Association |
| Oct 24, 1991 | BayBank Valley Trust Company | BayBank, National Association |
| Oct 23, 1991 | Americorp, Inc. | Ameribank Corporation |
| Oct 23, 1991 | Randolph County FS&LA | First State Bank & Trust Company |
| Oct 21, 1991 | MCS Employees Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Oct 19, 1991 | Hannibal Mutual Loan and Building Association | Roosevelt Bank |
| Oct 18, 1991 | Boatmen's National Bank of Richmond | Boatmen's River Valley Bank |
| Oct 18, 1991 | Exchange Bank of Schmidt & Koester | Gold Bank |
| Oct 12, 1991 | First Community Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Aurora | First Community Industrial Bank |
| Oct 12, 1991 | The State Bank of Kirkland | The Belvidere National Bank and Trust Company |
| Oct 12, 1991 | U.S. Shoe Employees Federal Credit Union | Members Trust Federal Credit Union |
| Oct 12, 1991 | First Community Industrial Bank of Longmont | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Arvada | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Littleton | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Fort Collins | First Community Industrial Bank |
| Oct 11, 1991 | First National Bank | Team Bank |
| Oct 10, 1991 | Bank of Speedwell, Inc. | Premier Bank-South, National Association |
| Oct 9, 1991 | Milton Tri-County Bank | Huntington Bank Huntington National Association |
| Oct 8, 1991 | Scott Methodist Credit Union | Credit Union One |
| Oct 7, 1991 | Basf Fibers Employees Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 7, 1991 | Widmer Bancshares, Inc. | Widmer Bancshares, Inc. |
| Oct 5, 1991 | Bank of San Clemente | Eldorado Bank |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| May 14, 1991 | OCC_OTS | Security Savings and Loan Association of Garden City | Cease and Desist: Donald H. Bell |
| May 13, 1991 | OCC | Casco Northern Bank, N.A. | Formal Agreement: Casco Northern Bank, National Association |
| May 13, 1991 | OCC | First National Bank of Council Bluffs | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Council Bluffs |
| May 13, 1991 | OCC | Rhode Island Hospital Trust National Bank | Formal Agreement: Rhode Island Hospital Trust National Bank |
| May 13, 1991 | OCC | Downers Grove National Bank | Formal Agreement: Downers Grove National Bank |
| May 10, 1991 | OCC_OTS | South Bergen Savings and Loan Association | Orders of Removal/Prohibition: South Bergen Savings and Loan Association |
| May 9, 1991 | OCC | The Citizens National Bank of Weatherford | Formal Agreement: Citizens National Bank Of Weatherford |
| May 9, 1991 | OCC | American National Bank of New York | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American National Bank Of New York |
| May 9, 1991 | OCC | First American Bank of Georgia N.A. (In Liquidation) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First American Bank Of Gorgia, N.A. |
| May 8, 1991 | OCC | The First National Bank of Cushing | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Cushing |
| May 8, 1991 | OCC_OTS | American Charter Federal Savings and Loan Association | Orders of Removal/Prohibition: Laurel Ann Goodrich |
| May 8, 1991 | OCC_OTS | American Charter Federal Savings and Loan Association | Orders of Removal/Prohibition: Laurel Ann Goodrich |
| May 8, 1991 | OCC | Kingston National Bank | Formal Agreement: Kingston National Bank |
| May 7, 1991 | OCC | Terrabank, N.A. | Formal Agreement: Terrabank, National Association |
| May 7, 1991 | OCC | National Bank of Andover | Civil Money Penalty (CMP): Stone, Van C. |
| May 6, 1991 | OCC | First National Bank | Formal Agreement: First National Bank And Trust Company In Clinton |
| May 6, 1991 | OCC | Memorial Bank, N.A. | Civil Money Penalty (CMP): Smith, Steve E. |
| May 6, 1991 | OCC | Interstate National Bank | Prohibition/Removal Orders: Nunis, Robert P. |
| May 6, 1991 | FRB | Bcci Holdings (Luxembourg) S.A. | Cease and Desist Order: BCCI Holdings (Luxembourg) S.A., Luxembourg, Luxembourg and Bank of Credit … |
| May 5, 1991 | OCC_OTS | (individual) | Civil Money Penalty: Forrest Wood, Jr. |
| May 3, 1991 | OCC | The Hamilton National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hamilton National Bank |
| May 3, 1991 | OCC_OTS | Great American Bank | Cease and Desist: Great American Bank, A Federal Savings Bank |
| May 2, 1991 | OCC_OTS | D&N Bank, a Federal Savings Bank | Cease and Desist: D&N Bank, A FSB |
| May 2, 1991 | FRB | James Madison Limited | Written Agreement: James Madison Limited, Washington, DC |
| May 2, 1991 | OCC | The First National Bank of Bonham | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Bonham |
| May 2, 1991 | OCC_OTS | D&N Savings Bank, FSB | Cease and Desist: D&N Financial Corporation |
| May 1, 1991 | OCC | Bancfirst-Austin, N.A. | Prohibition/Removal Orders: Freitag, F. Louis |
| May 1, 1991 | FRB | Independent Bankgroup, Inc. | Cease and Desist Order: Independent Bankgroup, Inc., Springfield, VT |
| May 1, 1991 | OCC | First National Bank of Stamford | Formal Agreement: First National Bank Of Stamford |
| Apr 30, 1991 | OCC_OTS | San Francisco Federal Savings and Loan Association | Cease and Desist: Roger L. Gordon |
| Apr 30, 1991 | OCC | (individual) | Formal Agreement: Capital Bank, N.A. |
| Apr 30, 1991 | OCC | Hilton Head Bank & Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hilton Head Bank And Trust Company, … |
| Apr 30, 1991 | OCC_OTS | San Francisco Federal Savings and Loan Association | Cease and Desist: San Francisco Federal Savings and Loan Association |
| Apr 30, 1991 | OCC | Summit National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Summit National Bank |
| Apr 29, 1991 | OCC | First Midwest Trust Company, N.A. | Formal Agreement: First Midwest Bank, N.A. |
| Apr 29, 1991 | OCC | Crown National Bank | Formal Agreement: Crown National Bank |
| Apr 29, 1991 | OCC | The Waller Bank, N.A. | Civil Money Penalty (CMP): Ladig, Diane |
| Apr 29, 1991 | OCC | (individual) | Civil Money Penalty (CMP): First Fidelity Trust, N.A. |
| Apr 29, 1991 | OCC | Unity National Bank of Houston | Formal Agreement: Unity National Bank Of Houston |
| Apr 26, 1991 | FRB | (individual) | Written Agreement: Bank Bumiputra Malaysia Berhad, Kuala Lumpur, Malaysia, Bank Bumiputra Malaysia Berhad, Los … |
| Apr 25, 1991 | OCC | Bank of Florida, National Association | Formal Agreement: Bank Of Florida, National Association |
| Apr 25, 1991 | OCC | Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Usa, National Association |
| Apr 24, 1991 | OCC | Bank of Commerce | Formal Agreement: National Bank Of Commerce |
| Apr 24, 1991 | OCC | Associated Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Associated Bank, National Association |
| Apr 24, 1991 | OCC_OTS | First Northern Savings and Loan Association | Cease and Desist: First Northern Savings and Loan Association |
| Apr 24, 1991 | OCC | (individual) | Formal Agreement: Boulevard Bank, N.A. |
| Apr 24, 1991 | OCC | First Independence Bank | Formal Agreement: First Independence National Bank |
| Apr 22, 1991 | OCC | First National Bank of Miami | Formal Agreement: First National Bank Of Miami |
| Apr 22, 1991 | OCC_OTS | Stockdale Savings and Loan Association | Cease and Desist: Stockdale Savings and Loan Association |
| Apr 19, 1991 | OCC_OTS | (individual) | Cease and Desist: G. Richard Munton |
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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