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
Dec 20, 1991	North Ridge Bank	Oakland Park, FL	$94.3M	Intercontinental Bank
Dec 13, 1991	Investors FSB	Richmond, VA	$2.06B	Central Fidelity Bank
Dec 13, 1991	The Bank Mart	Bridgeport, CT	$578.2M	Gateway Bank
Dec 13, 1991	Merchants National Bank	Leominster, MA	$153.6M	Worcester County Institutio
Dec 13, 1991	Bank of East Hartford	East Hartford, CT	$36.6M	Bank of South Windsor
Dec 13, 1991	Federal Finance & Mortgage, LTD	Honolulu, HI	$7.7M	First Hawaiian Credit Corp
Dec 12, 1991	Granite Co-Operative Bank	Quincy, MA	$103.8M	South Boston Savings Bank
Dec 6, 1991	Saybrook Bank and Trust Company	Old Saybrook, CT	$77.3M	The New Haven Savings Bank
Nov 26, 1991	First National Bank of Miami	Miami, FL	$40.5M	Ready State Bank
Nov 22, 1991	White Horse FS & La	Trenton, NJ	$72.5M	Collective FSB
Nov 22, 1991	Chase Savings & Loan	Philadelphia, PA	$46.9M	United Bank of Philadelphia
Nov 22, 1991	Peoples FSA	Ottumwa, IA	$34.3M	South Ottumwa SB
Nov 22, 1991	Western FS & La	Clenview, IL	$33.2M	Devon Bank
Nov 15, 1991	Durham Trust Company	Durham, NH	$71.0M	Granite Bank
Nov 14, 1991	Connecticut Savings Bank	New Haven, CT	$1.04B	Centerbank
Nov 14, 1991	Worthington State Bank	Worthington, IN	$36.6M	First Farmers State Bank
Nov 14, 1991	Alvarado National Bank	Alvarado, TX	$9.2M	The First National Bank in
Nov 8, 1991	Cobb FSA	Marietta, GA	$83.2M	First Union NB of GA
Nov 8, 1991	Delta FSB	Westminster, CA	$52.4M	East-West FB, FSB
Nov 7, 1991	Community National Bank and Trust	New York, NY	$333.8M	Chemical Bank
Nov 1, 1991	Marine View FSB	Middletown, NJ	$119.2M	Summit Bank
Oct 31, 1991	Union Bank	San Antonio, TX	$84.9M	Channelview Bank
Oct 30, 1991	Bank of the South	Baton Rouge, LA	$31.8M	The First National Bank in
Oct 29, 1991	The Private Bank & Trust, Nation	Miami, FL	$4.3M	—
Oct 25, 1991	Coolidge Bank and Trust Company	Boston, MA	$321.2M	Pioneer Financial, a Cooper
Oct 25, 1991	First Hanover Bank	Wilmington, NC	$48.2M	Central Carolina Bank and T
Oct 25, 1991	The Citizens Bank of Pagosa Springs	Pagosa Springs, CO	$17.3M	Citizens Bank of Pagosa SPR
Oct 24, 1991	First National Bank, Bedford	Bedford, TX	$23.2M	First International Bank
Oct 18, 1991	Central Bank	Meriden, CT	$654.7M	Centerbank
Oct 18, 1991	Mission Valley Bank, National Assoc	San Clemente, CA	$42.7M	Mid City Bank, National Ass
Oct 18, 1991	Connecticut Valley Bank	Cromwell, CT	$28.4M	Midconn Bank
Oct 16, 1991	First FS & La	Pontiac, MI	$917.0M	Branch sale
Oct 16, 1991	Citizens FSA	Jacksonville, FL	$65.7M	Branch sale
Oct 13, 1991	Oaktree Federal Savings	New Orleans, LA	$2.21B	Branch sale
Oct 11, 1991	The First, Federal Association	Orlando, FL	$1.07B	Great Western Bank, FSB
Oct 11, 1991	First Federal Savings	Lubbock, TX	$223.7M	First NB of Lubbock
Oct 11, 1991	Life FSB	Clearwater, FL	$107.6M	Life SB, FSB
Oct 11, 1991	Iona Savings Bank	Tilton, NH	$31.2M	First Savings and Loan Asso
Oct 10, 1991	New Hampshire Savings Bank	Concord, NH	$1.17B	New Dartmouth Bank
Oct 10, 1991	Amoskeag Bank	Manchester, NH	$937.3M	First NH Bank
Oct 10, 1991	Dartmouth Bank	Manchester, NH	$877.2M	New Dartmouth Bank
Oct 10, 1991	Bankeast	Manchester, NH	$816.8M	First NH Bank
Oct 10, 1991	Numerica Savings Bank, FSB	Manchester, NH	$509.1M	New Dartmouth Bank
Oct 10, 1991	Nashua Trust Company	Nashua, NH	$425.1M	First NH Bank
Oct 10, 1991	Homebank FSA	Gilford, NH	$255.1M	Branch sale
Oct 10, 1991	Bank Meridian, N.A.	Hampton, NH	$109.4M	First NH Bank
Oct 3, 1991	Harbor National Bank of Connecticut	Branford, CT	$22.9M	The New Haven Savings Bank
Oct 3, 1991	Reagan State Bank	Big Lake, TX	$20.3M	Security State Bank
Sep 27, 1991	United Savings of America	Chicago, IL	$1.16B	First NB of Chicago
Sep 27, 1991	Santa Paula S & La	Santa Paula, CA	$280.7M	Bank of Levy

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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