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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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
Oct 1, 1991 Indian Head Federal Credit Union MD Navy Federal Credit Union
Oct 1, 1991 Estill Federal Savings Bank KY First Federal Savings Bank
Oct 1, 1991 (unnamed) — Bank of New Hampshire, National Association
Oct 1, 1991 Goodwill Employees Federal Credit Union CA Cal State L.A. Federal Credit Union
Oct 1, 1991 The Bristol Bank NH Bank of New Hampshire, National Association
Oct 1, 1991 Tower Industries Inc. Employees Federal Credit Union CA Inland Valley Federal Credit Union
Oct 1, 1991 Lathers Credit Union MI Construction Federal Credit Union
Sep 30, 1991 Graphic Arts Credit Union of Los Angeles CA Southland Credit Union
Sep 30, 1991 United Savings Association of the Southwest, FSB TX Bank United
Sep 30, 1991 FNW Bancorp, Inc. IL NBD Illinois, Inc.
Sep 30, 1991 First Western Bancorp, Inc. SD Christen Group, Inc.
Sep 30, 1991 United Illinois Bank of Collinsville IL United Illinois Bank of New Athens
Sep 30, 1991 S O a R C Federal Credit Union IL Rock Valley Credit Union
Sep 30, 1991 Junior Form Federal Credit Union PA Ussco Johnstown Federal Credit Union
Sep 30, 1991 Home and City Savings Bank NY TrustCo Bank, National Association
Sep 29, 1991 State Bank of Fox Lake WI Ergo Bank
Sep 29, 1991 Fox Lake Bankshares, Inc. WI FS Bancshares, Inc.
Sep 29, 1991 Morris Savings Bank NJ First Fidelity Bank, National Association, New Jersey
Sep 28, 1991 Presque Isle Bank MI North Bank
Sep 28, 1991 Ebenezer A.M.E. Church Credit Union MI Credit Union One
Sep 28, 1991 Jackson Mississippi School Employees Federal Credit Union MS Jackson Area Federal Credit Union
Sep 26, 1991 First National Bank OK First United Bank and Trust Company
Sep 26, 1991 First National Bank OK City Bank & Trust
Sep 23, 1991 Kentucky National Bank of Boone County KY Star Bank, National Association, Kentucky
Sep 23, 1991 Kentucky Bancorporation Inc. KY Star Banc Corporation
Sep 23, 1991 (unnamed) — Star Bank, National Association, Kentucky
Sep 23, 1991 First National Bank in Anoka MN 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 VA AB&W Credit Union Inc.
Sep 16, 1991 The Dawson Bank NE Home State Bank and Trust Company
Sep 16, 1991 Oak Lawn National Bank IL First National Bank of Evergreen Park
Sep 16, 1991 Clearing Bank IL First National Bank of Evergreen Park
Sep 16, 1991 Stiefel Companies Federal Credit Union NY Sunmark Credit Union
Sep 14, 1991 Logan Savings and Loan Association UT First Federal Savings Bank
Sep 14, 1991 The Central Trust Company OH Bank One, National Association
Sep 14, 1991 BB&T Savings Bank of Durham, Inc. NC Truist Bank
Sep 14, 1991 The Central Trust Company of Northeastern Ohio, N. A. OH Bank One, Akron, National Association
Sep 14, 1991 The Central Trust Company of Northern Ohio, National Association OH Bank One, Cleveland, National Association
Sep 14, 1991 Peoples Building and Loan Association of Oblong IL First Crawford State Bank
Sep 14, 1991 Liberty National Bank of Jessamine KY Liberty National Bank of Lexington
Sep 14, 1991 Bank One, Wooster, National Association OH Bank One, Akron, National Association
Sep 14, 1991 BB&T Federal Savings Bank of High Point NC Truist Bank
Sep 14, 1991 BB&T Federal Savings Bank of Pitt County NC Truist Bank
Sep 13, 1991 Watauga Savings and Loan Association, Inc. NC RBC Bank (USA)
Sep 12, 1991 Broyhill Employees Credit Union NC Members Credit Union
Sep 11, 1991 American Savings Bank, F.S.B. CA Washington Mutual Bank
Sep 10, 1991 West Frankfort Community Bancshares, Inc. IL FB Corporation
Sep 10, 1991 Chilton Memorial Hospital Federal Credit Union NJ North Jersey Federal Credit Union
Sep 7, 1991 Farmers and Merchants Bank IL American Midwest Bank
Sep 6, 1991 Benedict College Federal Credit Union SC 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 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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