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
Jul 27, 1991	Key Bank of Central New York, National Association	NY	KeyBank National Association
Jul 27, 1991	(unnamed)	—	The Bank of San Diego
Jul 27, 1991	The Oxford Bank	KS	Cornerbank
Jul 27, 1991	Key Bank of Western New York National Association	NY	KeyBank National Association
Jul 26, 1991	Roseville Bancorp, Inc.	MN	Midamerica Bancorporation, Inc.
Jul 26, 1991	Rea Employees Federal Credit Union	NC	Carolina Cooperative Federal Credit Union
Jul 25, 1991	Montrose M C Employees Federal Credit Union	PA	Penn East Federal Credit Union
Jul 24, 1991	Mount Calm Federal Credit Union	LA	Shreveport Federal Credit Union
Jul 23, 1991	First Federal Savings and Loan Association	WV	First Empire Federal Savings and Loan Association
Jul 23, 1991	McKinney Municipal Credit Union	TX	LegacyTexas Bank
Jul 22, 1991	The First National Bank in Dolton	IL	South Holland Trust & Savings Bank
Jul 22, 1991	First Dolton Corp.	IL	South Holland Bancorp, Inc.
Jul 20, 1991	First National Bank of Mt. Zion	IL	The First National Bank of Decatur
Jul 19, 1991	Mobile Radio Employees Credit Union	SC	Safe Federal Credit Union
Jul 19, 1991	Mid-South Bank & Trust Company	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Third Financial Services Incorporated	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Sequoyah State Bank of Muldrow	OK	Armstrong Bank
Jul 10, 1991	Battle Creek Bank	MN	MidAmerica Bank Maplewood
Jul 8, 1991	Syremp Credit Union, Inc.	OH	Tri-County Credit Union, Inc.
Jul 1, 1991	Firstar Hugo Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ibew Local 270 Fcu	TN	Y-12 Federal Credit Union
Jul 1, 1991	Whitehall Leather Employees Credit Union	MI	Harborlight Credit Union
Jul 1, 1991	King-Lar Employees Credit Union	IL	Staley Credit Union
Jul 1, 1991	Wunda Weave Federal Credit Union	SC	Spero Financial Federal Credit Union
Jul 1, 1991	Lefebure Employees Credit Union	IA	Quaker Oats Employees Credit Union
Jul 1, 1991	First Wisconsin Bank of Waukesha	WI	Firstar Bank Milwaukee, National Association
Jul 1, 1991	First Interstate Bank of Laramie, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	First Interstate Bank of Riverton, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	FGL Empl Fcu	FL	Coastline Federal Credit Union
Jul 1, 1991	Alta Bates Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 1, 1991	Christian Tabernacle Federal Credit Union	OH	Steel Valley Federal Credit Union
Jul 1, 1991	Firstar Eagan Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	J F & Associates Credit Union	NH	Triangle Credit Union
Jul 1, 1991	Steel Products Employees Credit Union, Inc.	OH	Day Air Credit Union, Inc.
Jul 1, 1991	Uniflow Employees Federal Credit Union	PA	Tri State Rail Federal Credit Union
Jul 1, 1991	Firstar Stillwater Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	First Interstate Bank of Cresco, National Association	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	Guardian Savings & Loan Association	NJ	Cape Bank
Jul 1, 1991	Elco Empl Fcu	PA	Blair County Federal Credit Union
Jul 1, 1991	Buena Vista Credit Union	CA	Tucoemas Federal Credit Union
Jul 1, 1991	General Fireproofing Employees Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Jul 1, 1991	(unnamed)	—	The First Citizens National Bank of Upper Sandusky
Jul 1, 1991	I.O.F. Norcal Federal Credit Union	CA	Allied Trades Credit Union
Jul 1, 1991	Aerostructures Empl Fcu	TN	Heritage Credit Union
Jul 1, 1991	Multibank National of Western Massachusetts	MA	MultiBank West
Jul 1, 1991	B C Financial Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1991	AMCORE Bank Carpentersville	IL	Amcore Bank National Association, Northwest
Jul 1, 1991	Cleveland-Jackson Sa Cu	TN	Tennessee Valley Federal Credit Union
Jul 1, 1991	Dynalectron Employees Federal Credit Union	VA	Money One Federal Credit Union
Jul 1, 1991	Nashville Kemba Fcu	TN	Ascend Federal Credit Union

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	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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