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 |
|---|---|---|
| Oct 2, 1991 | Washburn Bancshares, Inc. | Alpha Financial Group, Inc. |
| Oct 1, 1991 | Alprodco Employees Credit Union | Peco Federal Credit Union |
| Oct 1, 1991 | The Northern Trust Company of Texas | Northern Trust Bank of Texas National Association |
| Oct 1, 1991 | Morgan Community Bancorp, Inc. | First of America Bancorporation-Illinois, Inc. |
| Oct 1, 1991 | Whitfield County Postal Employees Credit Union | Georgia United Credit Union |
| Oct 1, 1991 | Fresno Bee Credit Union | McClatchy Employees Credit Union |
| Oct 1, 1991 | Mellon Bank (North) National Association | BNY Mellon, N.A. |
| Oct 1, 1991 | Southern Missouri Bank | (unnamed) |
| Oct 1, 1991 | Mellon Bank (Central) N.A. | BNY Mellon, N.A. |
| Oct 1, 1991 | The Wellston State Bank | Stroud National Bank |
| Oct 1, 1991 | Lutheran General Federal Credit Union | Encurage Financial Network |
| Oct 1, 1991 | Bud-Jax Federal Credit Union | Coastline Federal Credit Union |
| Oct 1, 1991 | Occom Federal Credit Union | Service Federal Credit Union |
| Oct 1, 1991 | Cin-Tronics Employees Federal Credit Union | Emery Federal Credit Union |
| Oct 1, 1991 | Norstar Bank of Central NY | Fleet Bank |
| Oct 1, 1991 | Va Medical Center Federal Credit Union | Oklahoma Federal Credit Union |
| Oct 1, 1991 | Gaico Credit Union | Resource One Credit Union |
| Oct 1, 1991 | The First State Bank of New Rockford | Bank Forward |
| Oct 1, 1991 | Hillsborough CNTY Hosp Auth Empl Fcu | Grow Financial Federal Credit Union |
| Oct 1, 1991 | State Savings Bank | Lincoln Savings Bank |
| Oct 1, 1991 | Emprise Bank, National Association | Emprise Bank National Association |
| Oct 1, 1991 | Bithulithic Employees Credit Union | Relyon Credit Union |
| Oct 1, 1991 | K.C. Federal Credit Union | L&N Federal Credit Union |
| Oct 1, 1991 | The South Side Savings Bank, FSB | Liberty Savings Bank, F.S.B. |
| Oct 1, 1991 | Shelby Federal Savings Bank | First of America Bank-Indiana |
| Oct 1, 1991 | Horizon Savings Bank, S.A. | The Equitable Bank, S.S.B. |
| Oct 1, 1991 | Midlantic National Bank/North | (unnamed) |
| Oct 1, 1991 | Borax Employees Federal Credit Union | Logix Federal Credit Union |
| Oct 1, 1991 | Pdea Federal Credit Union | S.C. State Federal Credit Union |
| Oct 1, 1991 | 66 Credit Union | Blaze Credit Union |
| Oct 1, 1991 | Grandview Savings Association | Parkvale Savings Bank |
| Oct 1, 1991 | Sea Seven Federal Credit Union | Navy Federal Credit Union |
| Oct 1, 1991 | Plains Creamery Employees Credit Union | BNSF Credit Union |
| Oct 1, 1991 | Western Atlantic Credit Union | Advancial Federal Credit Union |
| Oct 1, 1991 | Gladstone Community Federal Credit Union | Great Lakes First Federal Credit Union |
| Oct 1, 1991 | Postal Credit Union of Galveston | Coastal Community Federal Credit Union |
| Oct 1, 1991 | K W Employees Federal Credit Union | Profed Federal Credit Union |
| Oct 1, 1991 | Pope Federal Credit Union | Pentagon Federal Credit Union |
| Oct 1, 1991 | Salt Workers Credit Union | Cyprus Federal Credit Union |
| Oct 1, 1991 | Strafford National Bank | Bank of New Hampshire, National Association |
| Oct 1, 1991 | Buckner Associates Credit Union | Lone Star Credit Union |
| Oct 1, 1991 | The Commonwealth National Bank | BNY Mellon, N.A. |
| Oct 1, 1991 | Park West State Bank | Southwest Bank |
| Oct 1, 1991 | BL&F Federal Credit Union | Pannonia Federal Credit Union |
| Oct 1, 1991 | Morgan County Community Bank | First of America Bank - Springfield, National Association |
| Oct 1, 1991 | The Suncook Bank | Bank of New Hampshire, National Association |
| Oct 1, 1991 | Union Pacific-Western Division Federal Credit Union | Sea West Coast Guard Federal Credit Union |
| Oct 1, 1991 | Hines Federal Credit Union | U.S. Employees Credit Union |
| Oct 1, 1991 | Northern Maine Credit Union | Norstate Federal Credit Union |
| Oct 1, 1991 | Farmers & Merchants Bank of Wimbledon | Bank Forward |
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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