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 |
|---|---|---|
| Aug 14, 1991 | Theatre Crafts Federal Credit Union | Texas Federal Credit Union |
| Aug 9, 1991 | The Green Mountain Bank | Green Mountain Bank |
| Aug 9, 1991 | First Twin-State Bank | Green Mountain Bank |
| Aug 7, 1991 | Three Cities Bancorp, Inc. | FB Corporation |
| Aug 7, 1991 | Third Illinois Bancorp, Inc. | First Bank |
| Aug 7, 1991 | Second Illinois Bancorp, Inc. | FB Corporation |
| Aug 7, 1991 | C-Bancorp, Inc. | FB Corporation |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 1, 1991 | First Wisconsin National Bank of Brookfield | Firstar Bank Milwaukee, National Association |
| Aug 1, 1991 | Mesa National Bank - Patterson | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Rifle | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Clifton | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Glenwood Springs | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Montrose | Mesa National Bank |
| Aug 1, 1991 | American National Bank of Lisle | American National Bank and Trust Company of Chicago |
| Aug 1, 1991 | First Schiller Bancorp, Inc. | American National Corporation |
| Aug 1, 1991 | State Exchange Finance Company | NCB Corp. |
| Aug 1, 1991 | Joanna Western Mills Employees Credit Union | Archer Heights Credit Union |
| Aug 1, 1991 | Centreville Catholic Federal Credit Union | Catholic and Community Credit Union |
| Aug 1, 1991 | Japanese School Credit Union | Jacom Credit Union |
| Aug 1, 1991 | Promenade National Bank | Compass Bank-Dallas |
| Aug 1, 1991 | Vancouver Federal Savings Bank | Washington Mutual, a Federal Savings Bank |
| Aug 1, 1991 | Citizens National Bank, Flushing - St. Clairsville | Columbus National Bank |
| Aug 1, 1991 | Strohs Employees Credit Union | Ideal Credit Union |
| Aug 1, 1991 | San Diego Building Trade Federal Credit Union | Banc of California, National Association |
| Aug 1, 1991 | Valley Postal Credit Union | Security First Federal Credit Union |
| Aug 1, 1991 | Rice Lake Credit Union | Royal Credit Union |
| Aug 1, 1991 | Aae Federal Credit Union | Ufcw Community Federal Credit Union |
| Aug 1, 1991 | Youngstown Transit Employees Federal Credit Union | Seven Seventeen Credit Union Inc |
| Aug 1, 1991 | Community Service Credit Union Incorporated | Navy Federal Credit Union |
| Aug 1, 1991 | Brenton Bank and Trust Company | Brenton Bank |
| Aug 1, 1991 | U.S.E.S. Credit Union of New Orleans | Les Federal Credit Union |
| Aug 1, 1991 | M&I Bank of Hilldale | M&I Bank of Southern Wisconsin |
| Aug 1, 1991 | Peoples First National Bank of North Miami Beach | Union Planters Bank of Florida |
| Aug 1, 1991 | First Federal Savings and Loan Association | Western Security Bank |
| Aug 1, 1991 | Nage/Dcasd Federal Credit Union | East Hartford Federal Credit Union |
| Aug 1, 1991 | McArthur Dairy Empl Fcu | Tropical Financial Credit Union |
| Jul 31, 1991 | First United Bancorp, Inc. | First Merchants Corporation |
| Jul 31, 1991 | Portland Naacp Federal Credit Union | Point West Credit Union |
| Jul 31, 1991 | Cambar Federal Credit Union | South Carolina Federal Credit Union |
| Jul 31, 1991 | Sylvania Titusville Federal Credit Union | Community Connect Federal Credit Union |
| Jul 31, 1991 | Preston Bancshares, Inc. | Chadwick Bancshares, Inc. |
| Jul 31, 1991 | Nora Springs Investment Company | Cedar Valley Bankshares, Ltd. |
| Jul 31, 1991 | Riceville Investment Company | Cedar Valley Bankshares, Ltd. |
| Jul 29, 1991 | The Valley Bank of El Paso | State National Bank |
| Jul 29, 1991 | Holy Name Hospital Federal Credit Union | Greater Alliance Federal Credit Union |
| Jul 29, 1991 | Saint Louis Computer Center, Inc. D/b/a/ First Data | C-Bancorp, Inc. |
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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