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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
Jan 25, 1991 Alvarado Bank Richmond, CA $33.5M Pacific Bay Bank
Jan 25, 1991 Coral S & La Coral Springs, FL $32.2M Bank of N. America-Broward
Jan 24, 1991 Metropolitan National Bank Farmers Branch, TX $97.3M Comerica Bank-Texas
Jan 22, 1991 American Bank, N.A. Rio Rancho, NM $20.7M United New Mexico Bank at a
Jan 18, 1991 Irving Savings & Loan Paterson, NJ $222.5M Hudson United Bank
Jan 18, 1991 Beach Federal Savings Assoc. Fountain Valley, CA $81.8M Queen City Bank, N.A.
Jan 11, 1991 Far West Savings & Loan Newport Beach, CA $3.71B Branch sale
Jan 11, 1991 Malibu SB Costa Mesa, CA $139.1M Brentwood Bank of CA
Jan 11, 1991 Community National Bank Glastonbury, CT $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford, CT $17.4M Bank of Boston CT/Bboc
Jan 6, 1991 Bank of New England, National Assoc Boston, MA $13.43B New Bank of New England, N.A.
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford, CT $7.21B New Connecticut Bank & Trus
Jan 6, 1991 Maine National Bank Portland, ME $1.05B New Maine National Bank
Jan 4, 1991 First FS & La of Pittsburg Pittsburgh, PA $3.09B PNC Interim FSB
Jan 4, 1991 Fulton Federal Savings Bank Atlanta, GA $2.02B Branch sale
Jan 4, 1991 First Federal Savings & Loan San Antonio, TX $638.6M First FSB
Jan 4, 1991 Trident Federal S & L Assoc. Newark, NJ $47.2M Collective FSB
Jan 4, 1991 Royal Oak FS & La Randallstown, MD $27.3M Royal Oak SB, FSB

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 14, 1991 Century Bank at Orchard Road CO Century Bank
Dec 14, 1991 Amboy National Bank NJ Amboy Bank
Dec 14, 1991 Century Bank North CO Century Bank
Dec 13, 1991 First State Bank TX Heritage Bank
Dec 13, 1991 Anne Arundel General Hospital Federal Credit Union MD National Institutes of Health Federal Credit Union
Dec 13, 1991 Cleveland Bank & Trust TX Heritage Bank
Dec 13, 1991 Park Tower National Bank TX Heritage Bank
Dec 12, 1991 Ameriway Bank National Association TX Compass Bank
Dec 12, 1991 Summit Bank of South Bend IN Summit Bank
Dec 10, 1991 Gateway Western Bank CA North County Bank
Dec 9, 1991 FirstBank of Southmoor Park, National Association CO FirstBank of Tech Center
Dec 9, 1991 (unnamed) — FirstBank North
Dec 9, 1991 FirstBank at 30th/Arapahoe, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Table Mesa, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Edgewater, National Association CO FirstBank of Wheat Ridge
Dec 9, 1991 FirstBank at 9th/Corona, National Association CO FirstBank of Denver
Dec 9, 1991 FirstBank at Chambers/Mississippi, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank at Buckley/Quincy, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank of Green Mountain, National Association CO FirstBank of Lakewood
Dec 9, 1991 Boatmen's Mountain Grove National Bank MO Boatmen's Bank of Southern Missouri
Dec 9, 1991 Rock Falls National Bank IL Mercantile Bank of Sterling-Rock Falls National Association
Dec 9, 1991 (unnamed) — FirstBank of Longmont, National Association
Dec 9, 1991 Kaw Valley Bank KS Firstar Bank, National Association
Dec 9, 1991 FirstBank at Arapahoe/Yosemite CO FirstBank of Arapahoe County
Dec 7, 1991 Founders National Bank CA Landmark Bank
Dec 7, 1991 Bank One, Wapakoneta, National Association OH Bank One, Lima, National Association
Dec 7, 1991 The Durham State Bank KS Central National Bank Marion County
Dec 7, 1991 London State Bank MN Sterling State Bank
Dec 6, 1991 Arlington State Bank TX Bank of North Texas, National Association
Dec 6, 1991 Bank of North Texas TX Bank of North Texas, National Association
Dec 6, 1991 Grange Co-Op Federal Credit Union ID Pioneer Federal Credit Union
Dec 6, 1991 Nabisco Houston Federal Credit Union TX Primeway Federal Credit Union
Dec 5, 1991 Griffith Consumers Employees Federal Credit Union MD Educational Systems Federal Credit Union
Dec 2, 1991 Cumberland Financial Services, Incorporated MN Firstar Corporation of Wisconsin
Dec 2, 1991 Battle Creek Enquirer Credit Union MI Omni Community Credit Union
Dec 2, 1991 Veterans Administration Medical Center Columbia Federal Credit Union SC Allsouth Federal Credit Union
Dec 2, 1991 Town & County Credit Union ND First Community Credit Union
Dec 2, 1991 Greater Baltimore Merchants Employees Credit Union MD Securityplus Federal Credit Union
Dec 2, 1991 Old National Bancshares, Inc. IL Mercantile Bancorporation Incorporated of Illinois
Dec 1, 1991 Arkansas State University Federal Credit Union AR Success Federal Credit Union
Dec 1, 1991 Norden Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Dec 1, 1991 Pioneer Bank of Evanston WY The Equality State Bank
Dec 1, 1991 Aliant Bank for Savings, F.S.B. AL Aliant Bank
Dec 1, 1991 Central Life Empl Cu FL Floridacentral Credit Union
Dec 1, 1991 Guarantee Mutual Credit Union NE Centris Federal Credit Union
Dec 1, 1991 Swayne Robinson Employees Federal Credit Union IN Wufface Federal Credit Union
Dec 1, 1991 Eclipse Employees Federal Credit Union IL Rock Valley Credit Union
Dec 1, 1991 Saint Bartholomew Parish Credit Union MI Motor City Co-Op Credit Union
Dec 1, 1991 Workmens Circle Credit Union MN Ideal Credit Union
Nov 30, 1991 United Missouri Bank of Paris MO UMB Bank, Northeast

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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