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 |
|---|---|---|
| Jul 25, 1991 | The Kerens Bank | $19.5M |
| Jul 19, 1991 | Pontchartrain State Bank | $140.0M |
| Jul 19, 1991 | Cooperative FSB | $74.9M |
| Jul 19, 1991 | Community Guardian Bank | $55.3M |
| Jul 19, 1991 | Clinton S & La | $22.2M |
| Jul 19, 1991 | New Metropolitan FSB | $18.4M |
| Jul 12, 1991 | Pan American FSB | $287.2M |
| Jul 12, 1991 | Danburry Savings & Loan | $270.2M |
| Jul 12, 1991 | Monycor Savings Bank | $151.7M |
| Jul 12, 1991 | Fidelity FS & La | $67.0M |
| Jul 12, 1991 | Dripping Springs National Bank | $20.2M |
| Jul 12, 1991 | Landmark Thrift and Loan Association | $16.6M |
| Jul 9, 1991 | Surety FS & La | $224.8M |
| Jun 28, 1991 | First Mutual Bank for Savings | $1.13B |
| Jun 28, 1991 | Metrobank FS & La | $474.3M |
| Jun 28, 1991 | United FS & La | $142.5M |
| Jun 21, 1991 | Guardian FSA | $682.1M |
| Jun 21, 1991 | Beacon Co-Operative Bank | $31.8M |
| Jun 14, 1991 | Springfield Fsla | $97.5M |
| Jun 14, 1991 | First Commerce SB, FSB | $10.9M |
| Jun 13, 1991 | The Bank of Horton | $167.3M |
| Jun 13, 1991 | Tascosa National Bank of Amarillo | $73.9M |
| Jun 13, 1991 | Peoples Bank | $17.3M |
| Jun 13, 1991 | Texas Premier Bank of Victoria, National a | $15.4M |
| Jun 7, 1991 | Dryades S & La | $262.3M |
| Jun 7, 1991 | Woburn Five Cents Savings Bank | $247.2M |
| Jun 6, 1991 | Northwest Bank, N.A. | $7.2M |
| May 31, 1991 | Goldome | $9.89B |
| May 31, 1991 | Goldome FSB | $1.48B |
| May 31, 1991 | Merabank Texas | $1.16B |
| May 31, 1991 | University Bank, N.A. | $318.8M |
| May 31, 1991 | Westerleigh Savings | $147.8M |
| May 31, 1991 | United FS & La | $119.3M |
| May 31, 1991 | Burleson County Savings Assoc. | $31.5M |
| May 31, 1991 | Enterprise S&LA | $13.5M |
| May 24, 1991 | Progressive Savings Bank | $388.3M |
| May 24, 1991 | Florida State Bank | $87.4M |
| May 24, 1991 | First Security Bank | $15.9M |
| May 23, 1991 | Far West FSB | $2.07B |
| May 23, 1991 | Liberty National Bank | $51.4M |
| May 22, 1991 | The First National Bank of Toms River | $1.42B |
| May 17, 1991 | Altus FSB | $1.97B |
| May 17, 1991 | The Cosmopolitan National Bank of Chicago | $110.1M |
| May 17, 1991 | First City Bank | $56.1M |
| May 17, 1991 | Ludington FSB | $34.2M |
| May 16, 1991 | Capital Bank | $111.6M |
| May 16, 1991 | First National Bank of Cedar Hill | $11.0M |
| May 10, 1991 | Madison National Bank | $473.8M |
| May 10, 1991 | Madison National Bank of Virginia | $174.2M |
| May 10, 1991 | First FSA of Newton | $125.6M |
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 |
|---|---|---|---|
| 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 |