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
May 10, 1991	First FS & La of Creston	Creston, IA	$67.3M	First FSB of Creston
May 10, 1991	Colonial FSB	Cranston, RI	$60.6M	Deposit payout
May 10, 1991	First FS & La of Fargo	Fargo, ND	$50.0M	First NB of ND
May 10, 1991	Capitol Federal Bank for Savings	Chicago, IL	$39.3M	Columbia NB of Chicago
May 10, 1991	The Washington Bank (Of Maryland)	Baltimore, MD	$39.0M	The First National Bank of
May 10, 1991	Guaranty FSA	Warner Robins, GA	$25.6M	Crossroads Bank of GA
May 10, 1991	Vermilion FSB	Abbeville, LA	$17.8M	First Acadiana NB
May 9, 1991	Texas Bank and Trust of Temple	Temple, TX	$45.2M	The Peoples National Bank O
May 9, 1991	Village Green National Bank	Jersey Village, TX	$29.5M	Bank of America Texas, Nati
May 9, 1991	The First National Bank of Poth	Poth, TX	$18.7M	Bank of Floresville
May 9, 1991	Chireno State Bank	Chireno, TX	$12.4M	The First State Bank
May 3, 1991	Boston Trade Bank	Boston, MA	$307.0M	The First National Bank of
May 3, 1991	First FS & La of Pittsburg	Pittsburg, KS	$290.9M	Farm & Home Sa
May 3, 1991	Security FS & La of Albuquerque	Albuquerque, NM	$261.7M	Branch sale
May 3, 1991	Sentry FSA	Norfolk, VA	$50.3M	Deposit payout
May 3, 1991	Newton Savings Bank, FSA	Fairfield, NJ	$40.9M	Sussex County State Bank
May 3, 1991	Century Federal Savings	Chicago, IL	$25.9M	Metropolitan B&TC
May 3, 1991	Liberty SB, FSB	Marietta, OH	$17.8M	People's B&TC
Apr 26, 1991	Sunbelt Savings	Irving, TX	$6.04B	Bank of America
Apr 26, 1991	John Hanson FSB	Beltsville, MD	$840.7M	Branch sale
Apr 26, 1991	Red River FS & La	Lawton, OK	$422.2M	Branch sale
Apr 26, 1991	Augusta FSA	Baltimore, MD	$151.3M	Branch sale
Apr 26, 1991	Home FS & La, F.A.	Algona, IA	$134.3M	Branch sale
Apr 26, 1991	Executive SB, FSB	Marina Del Rey, CA	$58.6M	Century FS&LA
Apr 26, 1991	Columbine Valley Bank and Trust	Jefferson County, CO	$9.5M	Vectra Bank
Apr 19, 1991	Metropolitan FS & La	Nashville, TN	$985.1M	Union Planters NB
Apr 19, 1991	Cimarron Federal Savings	Muskogee, OK	$782.0M	Branch sale
Apr 19, 1991	Prospect Park, FSB	West Paterson, NJ	$511.5M	Lakeview SB
Apr 19, 1991	Chisholm FS & La	Kingfisher, OK	$154.4M	Branch sale
Apr 19, 1991	Mercantile Savings Bank	Southaven, MS	$33.8M	First TN Bank Na, Ms
Apr 18, 1991	Community National Bank	Sherman, TX	$19.0M	American Bank of Sherman, N
Apr 12, 1991	Security Savings & Loan	Waterbury, CT	$143.2M	American Bank of CT
Apr 12, 1991	Arizona Commerce Bank	Tucson, AZ	$80.8M	Arizona Bank of Commerce
Apr 12, 1991	Whitney Bank and Trust	Hamden, CT	$40.6M	First Constitution Bank
Apr 11, 1991	American Bank & Trust Company	Shreveport, LA	$60.9M	Tri-State Bank and Trust
Apr 5, 1991	First FS & La of Seminole Co.	Sanford, FL	$185.3M	Federal Trust Bank, FSB
Apr 5, 1991	First Savings of Zion	Zion, IL	$63.2M	Advantage Bank
Apr 5, 1991	Columbia FSA of Hamilton	Hamilton, OH	$61.3M	Home FB, a FSB
Apr 5, 1991	The Blueville Bank of Grafton	Grafton, WV	$48.1M	The Empire National Bank of
Apr 5, 1991	First Federal SB, FSB	Ashburn, GA	$30.2M	Branch sale
Apr 4, 1991	First State Bank	Weimar, TX	$26.0M	Hill Bank & Trust Co.
Mar 29, 1991	City Bank and Trust	Claremont, NH	$116.0M	First NH Bank
Mar 29, 1991	Citizens National Bank	Limon, CO	$11.4M	First National Bank of Limo
Mar 28, 1991	The Landmark Bank	Hartford, CT	$227.9M	People's Bank
Mar 27, 1991	County Bank, FSB	Santa Barbara, CA	$1.17B	Home Savings of America, FS
Mar 22, 1991	United FSA of Iowa	Des Moines, IA	$895.8M	Branch sale
Mar 22, 1991	State Savings	Jackson Heights, NY	$445.4M	Branch sale
Mar 22, 1991	First FSA of Chickasha	Chickasha, OK	$161.4M	Branch sale
Mar 22, 1991	The Federal SB, FSB	Swainsboro, GA	$150.9M	Branch sale
Mar 22, 1991	American Federal Bank	Ada, OK	$110.2M	Home FS&LA of Ada

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
Sep 5, 1991	Strother Drug Employees Credit Union	VA	Beacon Credit Union Incorporated
Sep 4, 1991	First Federal Savings and Loan Association of Idaho Falls	ID	WaFd Bank
Sep 3, 1991	Star Bank, National Association	OH	U.S. Bank N.A.
Sep 3, 1991	Star Bank, National Association, Butler County	OH	U.S. Bank N.A.
Sep 3, 1991	Postal Credit Union	NM	First Financial Credit Union
Sep 1, 1991	Diversified Federal Credit Union	CA	Logix Federal Credit Union
Sep 1, 1991	Bank One, Franklin	IN	Bank One, Indiana, National Association
Sep 1, 1991	Keyes Fibre Hammond Employees Federal Credit Union	IN	Regional Federal Credit Union
Sep 1, 1991	Valley Fidelity Bank and Trust Company	TN	First Horizon Bank
Sep 1, 1991	HBD Empl Fcu	TN	Clinchfield Federal Credit Union
Sep 1, 1991	First of America Bank-Wayne	MI	First of America Bank-Ann Arbor
Sep 1, 1991	Mohawk Valley Federal Savings Bank	NY	United Northern Federal Savings Bank
Sep 1, 1991	McGuire Federal Credit Union	NJ	Andrews Federal Credit Union
Sep 1, 1991	The Bank of New Mexico, las vegas	NM	The Bank of New Mexico
Sep 1, 1991	McCulloch Federal Credit Union	CA	La Financial Federal Credit Union
Sep 1, 1991	Saint Augustine Parish Federal Credit Union	PA	Iron Workers Federal Credit Union
Sep 1, 1991	SMCRC Credit Union	GA	Excel Federal Credit Union
Sep 1, 1991	1st Ambanc, Inc.	FL	Commercesouth, Inc.
Sep 1, 1991	The C-M Company, Inc	KS	First Medicine Lodge Bancshares, Inc.
Sep 1, 1991	Fpe Fcu	FL	Gte Federal Credit Union dba Gte Financial
Sep 1, 1991	Capitol Credit Union	AR	Arkansas Federal Credit Union
Sep 1, 1991	The State Bank of Salem	IN	INB Banking Company
Sep 1, 1991	The Isabel State Bank	KS	Solutionsbank
Sep 1, 1991	Central Soo Credit Union	WI	Royal Credit Union
Aug 31, 1991	Marquette Bank Apple Valley	MN	Marquette Bank Minneapolis, National Association
Aug 31, 1991	U.S. Trust Company of Texas	TX	U.S. Trust Company of Texas, National Association
Aug 31, 1991	Lakeshore Bank, N. A.	OK	Bank One, Oklahoma City
Aug 31, 1991	Beckley National Bank	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	Merchants & Miners National Bank of Oak Hill	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	State Bank of Firth, Inc.	NE	Farmers State Bank
Aug 31, 1991	Brown & Bigelow Employees Credit Union	MN	Riverview Credit Union
Aug 31, 1991	TN Grange Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Kerns Empl Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Southeast Cedar Rapids Community Credit Union	IA	Collins Community Credit Union
Aug 30, 1991	Arab Fcu	AL	Redstone Federal Credit Union
Aug 27, 1991	Ccta Federal Credit Union	MD	First Financial of Maryland Federal Credit Union
Aug 26, 1991	First Wisconsin Bank of Two Rivers	WI	Firstar Bank Manitowoc
Aug 26, 1991	Citgo Federal Credit Union	NJ	Energy One Federal Credit Union
Aug 24, 1991	Shidler Bancshares, Inc.	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Community Bank	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Lamar Industrial Bank	CO	Frontier Bank
Aug 23, 1991	Parish National Bank of St. Tammany	LA	Parish National Bank
Aug 22, 1991	Letchworth Ag Credit Corporation	NY	Letchworth Independent Bancshares Corporation
Aug 21, 1991	CB Bancshares, Inc.	GA	Synovus Financial Corp.
Aug 19, 1991	The Capital National Bank in Austin	TX	Norwest Bank Texas, Austin, National Association
Aug 19, 1991	Havana Bancshares, Inc.	IL	FB Corporation
Aug 19, 1991	Home Savings Bank, S.A.	WI	TCF National Bank Wisconsin
Aug 19, 1991	Electricians of 25 Federal Credit Union	NY	Nassau Financial Federal Credit Union
Aug 17, 1991	Farmers Exchange Bank	KY	Fifth Third Bank, Kentucky, Inc.
Aug 15, 1991	First Oak Brook Bank/Addison	IL	1st Oak Brook Bank

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date	Agency	Institution	Action
Apr 19, 1991	OCC_OTS	(individual)	Cease and Desist: Frank Lembi
Apr 19, 1991	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty National Bank
Apr 18, 1991	OCC_OTS	Silverado Banking Savings and Loan Association	Cease and Desist: Neil M. Bush
Apr 18, 1991	OCC	First American Corporation	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First American Bank, National Association
Apr 17, 1991	OCC_OTS	Republic Federal Savings Bank	Cease and Desist: Republic Savings Bank, FSB
Apr 16, 1991	OCC_OTS	Danbury Federal Savings and Loan Association	Cease and Desist: The Danbury Savings and Loan Association, Incorporated
Apr 16, 1991	OCC	The Frost National Bank of San Antonio	Formal Agreement: Frost National Bank of San Antonio, The
Apr 15, 1991	OCC_OTS	Union Bancorp	Cease and Desist: Union Federal Savings Bank
Apr 15, 1991	OCC	Stemmons Northwest Bank, National Association	Formal Agreement: Stemmons Northwest Bank, N.A.
Apr 15, 1991	OCC	First City, Texas - Austin, N.A.	Formal Agreement: First City, Texas - Austin, National Association
Apr 15, 1991	OCC	Crown Charter National Bank	Formal Agreement: Crown Charter National Bank
Apr 15, 1991	FRB	First City Bancorporation of Texas, Inc.	Written Agreement: First City Bancorporation of Texas, Inc., Houston, TX
Apr 14, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Motilal Raichand
Apr 12, 1991	OCC	First City, Texas - Houston, N.A.	Formal Agreement: First City, Texas - Houston, National Association
Apr 12, 1991	OCC_OTS	Suburban Federal Savings Bank	Cease and Desist: Suburban Federal Savings Bank
Apr 11, 1991	OCC	The First National Bank of Deerwood	Formal Agreement: The First National Bank Of Deerwood
Apr 11, 1991	OCC	Cullen/Frost Bank of Dallas, National Association	Formal Agreement: Cullen/Frost Bank Of Dallas, N.A.
Apr 9, 1991	OCC	Mission Valley Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mission Valley Bank National Association
Apr 9, 1991	OCC	First City, Texas - San Antonio, N.A.	Formal Agreement: First City, Texas - San Antonio, National Association
Apr 9, 1991	OCC_OTS	Cardinal Federal Savings Bank	Cease and Desist: Cardinal Federal Savings Bank
Apr 8, 1991	OCC_OTS	Great Atlantic Savings Bank, Federal Savings Bank	Orders of Removal/Prohibition: Harry W. Horne Jr.
Apr 8, 1991	OCC	(individual)	Formal Agreement: First National Bank Of Christiansburg
Apr 8, 1991	FRB	Bankers Trust Company	Written Agreement: Bankers Trust Company, Des Moines, IA
Apr 5, 1991	OCC_OTS	Inland Savings and Loan Association	Cease and Desist: Inland Savings and Loan Association
Apr 4, 1991	OCC	Asian American National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Asian American National Bank
Apr 2, 1991	OCC	Bancfirst-Austin, N.A.	Prohibition/Removal Orders: Keller, David E.
Apr 2, 1991	OCC	Farmers and Merchants Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers And Merchants National Bank
Apr 2, 1991	OCC	The Leonard National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Leonard National Bank
Apr 2, 1991	OCC	Bancfirst-Austin, N.A.	Civil Money Penalty (CMP): Keller, David E.
Apr 2, 1991	OCC	The First National Bank of Englewood	Prohibition/Removal Orders: Corbitt, Cecil
Apr 1, 1991	OCC	MetroBank, National Association	Formal Agreement: Metrobank, National Association
Mar 29, 1991	FRB	Community Bankers, Inc.	Written Agreement: Community Bankers, Inc., Granbury, TX
Mar 28, 1991	OCC	First National Bank in Albuquerque	Formal Agreement: First National Bank In Albuquerque
Mar 28, 1991	OCC	Eastpark Bancshares, Inc.	Formal Agreement: Eastpark National Bank
Mar 26, 1991	OCC_OTS	First Federal Savings Bank of Proviso Township	Cease and Desist: First Federal Savings and Loan of Proviso Township
Mar 26, 1991	OCC	First National Bank of Shelbyville	Formal Agreement: First National Bank Of Shelbyville
Mar 26, 1991	OCC	Interstate National Bank	Formal Agreement: Interstate National Bank
Mar 25, 1991	OCC_OTS	Homestead Federal Savings Association	Cease and Desist: Homestead Savings Association
Mar 25, 1991	OCC	The First National Bank of White Sulphur Springs	C&D or PC&D Requiring Restitution: Grove, Michael E.
Mar 25, 1991	OCC_OTS	Coral Coast Federal Savings Bank	Orders of Removal/Prohibition: Glenn Charles Heinrich
Mar 25, 1991	OCC_OTS	Family Federal Savings Bank of Paintsville, Kentucky	Orders of Removal/Prohibition: B. Elwood Mullins
Mar 25, 1991	OCC	The First National Bank of White Sulphur Springs	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of White Sulphur …
Mar 25, 1991	OCC	The First National Bank of White Sulphur Springs	C&D or PC&D Requiring Restitution: Doig, Gordon
Mar 22, 1991	OCC_OTS	Hawthorne Savings and Loan Association	Cease and Desist: Hawthorne Savings and Loan Association
Mar 22, 1991	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Georgetown
Mar 21, 1991	OCC	The Farmers National Bank of Forney	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers National Bank Of Forney
Mar 21, 1991	OCC_OTS	Winter Hill Bank, FSB	Cease and Desist: The Winter Hill Federal Savings Bank
Mar 20, 1991	OCC	Rancho Viejo National Bank	Formal Agreement: Rancho Viejo National Bank
Mar 20, 1991	OCC	First Bank Southeast, N.A.	Formal Agreement: First Bank Southeast, N.A.
Mar 19, 1991	OCC	The Canaan National Bank	Formal Agreement: The Canaan National Bank

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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