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
Jul 25, 1991	The Kerens Bank	Kerens, TX	$19.5M	Cedar Creek Bank
Jul 19, 1991	Pontchartrain State Bank	Metairie, LA	$140.0M	First National Bank of Comm
Jul 19, 1991	Cooperative FSB	Westmont, IL	$74.9M	Heritage Glenwood Bank
Jul 19, 1991	Community Guardian Bank	Elmwood Park, NJ	$55.3M	Interchange State Bank
Jul 19, 1991	Clinton S & La	Clinton, OK	$22.2M	Local Federal Bank, FSB
Jul 19, 1991	New Metropolitan FSB	Hialeah, FL	$18.4M	Desjardins FSB
Jul 12, 1991	Pan American FSB	San Mateo, CA	$287.2M	Pan American Bank, FSB
Jul 12, 1991	Danburry Savings & Loan	Danbury, CT	$270.2M	Bristol FSB
Jul 12, 1991	Monycor Savings Bank	Barron, WI	$151.7M	Branch sale
Jul 12, 1991	Fidelity FS & La	Austin, TX	$67.0M	Deposit payout
Jul 12, 1991	Dripping Springs National Bank	Dripping Springs, TX	$20.2M	Texas Bank
Jul 12, 1991	Landmark Thrift and Loan Association	San Diego, CA	$16.6M	—
Jul 9, 1991	Surety FS & La	Morganton, NC	$224.8M	First Citizens B&TC
Jun 28, 1991	First Mutual Bank for Savings	Boston, MA	$1.13B	First National Bank of Bost
Jun 28, 1991	Metrobank FS & La	Palisades Park, NJ	$474.3M	First FSB of DE
Jun 28, 1991	United FS & La	Jonesboro, AR	$142.5M	Branch sale
Jun 21, 1991	Guardian FSA	Huntington Beach, CA	$682.1M	Home Savings of America, FS
Jun 21, 1991	Beacon Co-Operative Bank	Boston, MA	$31.8M	Grove Bank
Jun 14, 1991	Springfield Fsla	Springfield, PA	$97.5M	Germantown SB
Jun 14, 1991	First Commerce SB, FSB	Lowell, IN	$10.9M	Centier Bank
Jun 13, 1991	The Bank of Horton	Horton, KS	$167.3M	Kansas State Bank
Jun 13, 1991	Tascosa National Bank of Amarillo	Amarillo, TX	$73.9M	Team Bank
Jun 13, 1991	Peoples Bank	Hewitt, TX	$17.3M	The National Bank of Gatesv
Jun 13, 1991	Texas Premier Bank of Victoria, National a	Victoria, TX	$15.4M	Victoria Bank and Trust Com
Jun 7, 1991	Dryades S & La	New Orleans, LA	$262.3M	Dryades SB, FSB
Jun 7, 1991	Woburn Five Cents Savings Bank	Woburn, MA	$247.2M	Sterling Bank
Jun 6, 1991	Northwest Bank, N.A.	San Antonio, TX	$7.2M	Valley-Hi National Bank of
May 31, 1991	Goldome	Buffalo, NY	$9.89B	Key Bank of Western New Yor
May 31, 1991	Goldome FSB	St. Petersburg, FL	$1.48B	First of America Bank/FL, F
May 31, 1991	Merabank Texas	El Paso, TX	$1.16B	Branch sale
May 31, 1991	University Bank, N.A.	Newton, MA	$318.8M	Sterling Bank
May 31, 1991	Westerleigh Savings	Staten Island, NY	$147.8M	Branch sale
May 31, 1991	United FS & La	Smyrna, GA	$119.3M	Branch sale
May 31, 1991	Burleson County Savings Assoc.	Caldwell, TX	$31.5M	Citizens State Bank
May 31, 1991	Enterprise S&LA	Compton, CA	$13.5M	Family SB, FSB
May 24, 1991	Progressive Savings Bank	Pasadena, CA	$388.3M	Branch sale
May 24, 1991	Florida State Bank	Holiday, FL	$87.4M	Orange Bank
May 24, 1991	First Security Bank	Roanoke, VA	$15.9M	First Century Bank
May 23, 1991	Far West FSB	Portland, OR	$2.07B	Branch sale
May 23, 1991	Liberty National Bank	Lovington, NM	$51.4M	Western Commerce Bank
May 22, 1991	The First National Bank of Toms River	Toms River, NJ	$1.42B	First Fidelity Bank, Nation
May 17, 1991	Altus FSB	Mobile, AL	$1.97B	Branch sale
May 17, 1991	The Cosmopolitan National Bank of Chicago	Chicago, IL	$110.1M	Cosmopolitan Bank and Trust
May 17, 1991	First City Bank	New Orleans, LA	$56.1M	First Bank and Trust
May 17, 1991	Ludington FSB	Ludington, MI	$34.2M	Northwestern SB&T
May 16, 1991	Capital Bank	Dallas, TX	$111.6M	Bank One, Texas, National a
May 16, 1991	First National Bank of Cedar Hill	Cedar Hill, TX	$11.0M	First State Bank
May 10, 1991	Madison National Bank	Washington, DC	$473.8M	Signet Bank, National Assoc
May 10, 1991	Madison National Bank of Virginia	McLean, VA	$174.2M	Signet Bank - Virginia
May 10, 1991	First FSA of Newton	Newton, KS	$125.6M	Central NB-Newton

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 31, 1991	Bank South, Washington County	GA	Bank South
Dec 31, 1991	(unnamed)	—	Bank South
Dec 31, 1991	Colonial Bank of Sycamore	IL	Castle Bank, National Association
Dec 31, 1991	First Republic Thrift & Loan of San Diego	CA	First Republic Thrift & Loan
Dec 31, 1991	First Chicago Bank of Lincoln Park	IL	Bank One, National Association
Dec 31, 1991	Compass Bancshares, Inc.	TX	Compass Banks of Texas, Inc.
Dec 31, 1991	Platco Realty Corporation	IN	Peoples Loan & Trust Bank
Dec 31, 1991	Manufacturers Hanover Corporation	NY	JPMorgan Chase & Co.
Dec 31, 1991	Citizens Federal Savings and Loan Association	NC	RBC Bank (USA)
Dec 31, 1991	Bank South, Jasper County National Association	GA	Bank South
Dec 31, 1991	Bank South, Macon	GA	Bank South
Dec 31, 1991	Bank South, Houston County National Association	GA	Bank South
Dec 31, 1991	Pathway Financial, a Federal Association	IL	Granite Bank, Federal Savings Bank
Dec 31, 1991	Citywide Bank of Lakewood	CO	(unnamed)
Dec 31, 1991	Cardinal Federal Savings Bank	OH	Granite Bank, Federal Savings Bank
Dec 31, 1991	Star Savings and Loan Association	PA	First Citizens Community Bank
Dec 31, 1991	First State Bank of Mathis	TX	The Commercial National Bank of Beeville
Dec 31, 1991	Yardley Bank for Savings, FSB	PA	Santander Bank, N.A.
Dec 31, 1991	CCD Employees Federal Credit Union	OH	Lormet Community Federal Credit Union
Dec 31, 1991	Greyhound Lines Employees Federal Credit Union	OH	Wright-Patt Credit Union, Inc.
Dec 31, 1991	Bank South, Waycross	GA	Bank South
Dec 31, 1991	Bank South, Douglas	GA	Bank South
Dec 31, 1991	United Penn Bank	PA	BNY Mellon, N.A.
Dec 31, 1991	Action Federal Credit Union	PA	Allegheny Valley Federal Credit Union
Dec 30, 1991	Security Bancshares of Marion County, Inc.	KY	Community Financial of Kentucky, Inc.
Dec 30, 1991	Banco Hispano Americano, S.A.	—	Banco Central Hispanoamericano, S.A.
Dec 28, 1991	Saint Marys-St Matthews Federal Credit Union	ME	Bangor Federal Credit Union
Dec 28, 1991	Rockford Clinic Federal Credit Union	IL	Rock Valley Credit Union
Dec 28, 1991	Union Federal Savings	MI	Community First Bank
Dec 27, 1991	Utah Bank and Trust	UT	Wells Fargo Trust Company, N.A.
Dec 25, 1991	WWTC Employees Federal Credit Union	NC	Vision Financial Federal Credit Union
Dec 20, 1991	Landmark Bancshares Corporation	MO	Landmark Bancshares Corporation
Dec 20, 1991	(unnamed)	—	Boatmens Trust Company
Dec 20, 1991	Controls Company of America Employees Federal Credit Union	IL	Soreng Employees Credit Union
Dec 16, 1991	Colorado National Bank - Aurora	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Lakewood	CO	Colorado National Bank
Dec 16, 1991	New Mexico Bank Corporation	NM	First State Bancorporation
Dec 16, 1991	Colorado National Bank - Arapahoe	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Arvada	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Boulevard	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Boulder	CO	Colorado National Bank
Dec 16, 1991	National Bank of Albuquerque	NM	First Community Bank
Dec 16, 1991	Colorado National Bank - Tech Center	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Golden	CO	Colorado National Bank
Dec 16, 1991	Hunter Savings Association	OH	The Provident Bank
Dec 16, 1991	Colorado National Bank-Southwest	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Evergreen	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - South	CO	Colorado National Bank
Dec 16, 1991	Colorado National Bank - Northeast	CO	Colorado National Bank
Dec 15, 1991	Standard State Bank and Trust	MO	Bank IV Missouri, National Association

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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