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 |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 |
|---|---|---|
| Jul 1, 1991 | Dekalb County School Employees Federal Credit Union | Profed Federal Credit Union |
| Jul 1, 1991 | Asheville Buncombe Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | The Martin Bank | First Exchange Bank |
| Jul 1, 1991 | (unnamed) | Citizens First State Bank |
| Jul 1, 1991 | U.S. Government Employees Federal Credit Union | Arkansas Federal Credit Union |
| Jul 1, 1991 | School District 144 Employees Federal Credit Union | Heights Auto Workers Credit Union |
| Jul 1, 1991 | McWane Empl Cu | Landmark Credit Union |
| Jul 1, 1991 | (unnamed) | First Bank Mainland |
| Jul 1, 1991 | Iveys Fcu | Dillards Federal Credit Union |
| Jul 1, 1991 | Southeastern Paper Prod Fcu | Comtrust Federal Credit Union |
| Jul 1, 1991 | H W S Federal Credit Union | West Oahu Community Federal Credit Union |
| Jul 1, 1991 | Firstar New Brighton Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Fountain City Federal Credit Union | Mutual Savings Credit Union |
| Jul 1, 1991 | Firstar Roseville Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Varo Employees Credit Union | Texans Credit Union |
| Jul 1, 1991 | Rantec Employees Federal Credit Union | Premier America Credit Union |
| Jul 1, 1991 | Henderson County Federal Credit Union | Texas Trust Credit Union |
| Jul 1, 1991 | Firstar St. Anthony Bank, National Association | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Five Points Guaranty Bank | First Guaranty Bank and Trust Company of Jacksonville |
| Jul 1, 1991 | West Far - Mor Credit Union | United Savings Credit Union |
| Jul 1, 1991 | First Interstate Bank of Algona | Boatmen's Bank of North Iowa |
| Jul 1, 1991 | East Jersey Savings Bank SLA | Investors Bank |
| Jul 1, 1991 | First Western Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | McDonald Dairy Employees Credit Union | Dort Financial Credit Union |
| Jul 1, 1991 | Firstar Centennial Bank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Firstar MetroBank | Firstar Bank of Minnesota, National Association |
| Jul 1, 1991 | Ingles Employees Credit Union | Premier Federal Credit Union |
| Jul 1, 1991 | First Federal Savings Bank | First-Citizens Bank & Trust Company |
| Jul 1, 1991 | (unnamed) | Lasalle Bank Illinois |
| Jul 1, 1991 | Tri State Ca Inc Cu | Comtrust Federal Credit Union |
| Jul 1, 1991 | Enterprise Bank, N.A. | Triangle Bank |
| Jun 30, 1991 | Square D Credit Union | Guardian Credit Union |
| Jun 30, 1991 | Whitney National Bank in St. Tammany Parish | Whitney National Bank |
| Jun 30, 1991 | Security Exchange Bancorp., Inc. | Amquest Financial Corp. |
| Jun 30, 1991 | U.S. Trust Company of California, N.A. | U.S. Trust Company, National Association |
| Jun 30, 1991 | Mission Valley Bancorp | California Bancshares, Inc. |
| Jun 30, 1991 | Ferryville State Bank | River Bank |
| Jun 30, 1991 | Kankakee Valspar Credit Union | Riverside Community Credit Union |
| Jun 30, 1991 | Thrift Associates Cu | Vantage Trust Federal Credit Union |
| Jun 30, 1991 | De Soto State Bank | River Bank |
| Jun 30, 1991 | Cleveland Steel & Tubes Employees Credit Union | Steel Valley Federal Credit Union |
| Jun 29, 1991 | Eastchester Savings Bank | (unnamed) |
| Jun 29, 1991 | Parker Bank Holding Corporation | Summcorp |
| Jun 29, 1991 | New Brunswick Savings Bank | Constellation Bank, National Association |
| Jun 29, 1991 | Plaza National Bank | Compass Bank-Dallas |
| Jun 29, 1991 | Cottonwood Credit Union | Health Care Credit Union |
| Jun 29, 1991 | The Parker Banking Company | Summit Bank of Muncie |
| Jun 28, 1991 | Northern Trust of California N.A. | Northern Trust Bank of California National Association |
| Jun 28, 1991 | Inbancshares | Comerica Holdings Incorporated |
| Jun 28, 1991 | Nevada National Bancorporation | Security Pacific Bank Nevada, 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 | 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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