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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
Mar 22, 1991 Citizens Security Bank Borger, TX $34.1M Amarillo NB
Mar 22, 1991 Republic SB, FSB Rockville, MD $26.4M First FSB of DE
Mar 21, 1991 Sabinal Bank Sabinal, TX $24.8M —
Mar 21, 1991 Citadel Bank Willis, TX $21.9M Tomball National Bank
Mar 15, 1991 Amerifirst Federal Savings Miami, FL $3.58B Great Western Bank, FSB
Mar 15, 1991 Home Savings Association Kansas City, MO $2.94B Branch sale
Mar 15, 1991 Bell Federal Savings Upper Darby, PA $850.6M Meridian Bank
Mar 15, 1991 The Blackstone Bank and Trust Co Boston, MA $49.3M Baybank Boston, N.A.
Mar 15, 1991 Arcanium FSA Arcanum, OH $45.4M Second NB
Mar 15, 1991 Sovereign SB Palm Harbor, FL $38.9M Fifth Third SB, FSB
Mar 14, 1991 Coolidge Corner Co-Operative Bank Brookline, MA $83.7M Brookline Savings Bank
Mar 14, 1991 Crossroads Bank Victoria, TX $22.4M Victoria Bank & Trust Compa
Mar 8, 1991 Jefferson Federal Sa Birmingham, AL $666.5M Branch sale
Mar 8, 1991 Beacon Federal Savings Baldwin, NY $406.0M North Side SB
Mar 8, 1991 Preffered Savings and Loan High Point, NC $224.5M Southern NB of NC
Mar 8, 1991 Alexander Hamilton Paterson, NJ $210.7M First Fidelity Bank, N.A.
Mar 8, 1991 First Citizens Sla Fort Pierce, FL $200.5M Riverside NB
Mar 8, 1991 First FSB Huron, SD $51.9M Branch sale
Mar 8, 1991 First FSA of Wewoka Wewoka, OK $32.9M First State Bank
Mar 8, 1991 Manilabank Los Angeles, CA $20.8M Ust California, National As
Mar 8, 1991 First Marine Bank of Florida Palm City, FL $17.2M 1st United Bank
Mar 8, 1991 Seafirst Bank Port St. Lucie, FL $11.5M Riverside National Bank of
Mar 1, 1991 Amerified Savings Bank Lawrenceville, NJ $110.6M Branch sale
Mar 1, 1991 Peoples Federal S & L Assoc. New Kensington, PA $107.6M Johnstown B&TC
Feb 28, 1991 United Citizens Bank, National Assoc College Station, TX $44.9M First American Bank
Feb 22, 1991 Hollywood FSB Hollywood, FL $1.53B First Union NB of FL
Feb 22, 1991 The McKinley Bank Niles, OH $70.6M The Dollar Savings & Trust
Feb 22, 1991 First FS & La Dallas, GA $37.5M Etowah Bank
Feb 21, 1991 Southwest National Bank Albuquerque, NM $37.2M The Bank of New Mexico, SPR
Feb 20, 1991 First Northern Coop Keene, NH $114.6M Granite Bank
Feb 14, 1991 Merchants Trust & Savings Bank Kenner, LA $43.8M First American Bank and Tru
Feb 14, 1991 The First National Bank of Worth Wortham, TX $7.3M Farmers State Bank
Feb 8, 1991 Unity FS & La Beverly Hills, CA $454.5M Branch sale
Feb 8, 1991 First Jersey S & La Assoc. Wyckoff, NJ $287.7M Valley NB
Feb 8, 1991 Family S & La Seattle, WA $99.6M Puget Sound NB
Feb 8, 1991 Peoples Federal Savings Bank Bay St. Louis, MS $59.7M Hancock Bank
Feb 8, 1991 First FSA of Waynesboro Waynesboro, TN $18.2M Wayne County Bank
Feb 7, 1991 Lockhart State Bank Lockhart, TX $24.3M Omnibank, National Associat
Feb 7, 1991 First National Bank in Kaufman Kaufman, TX $20.4M The Farmers & Merchants Nat
Feb 1, 1991 Coreast FSB Richmond, VA $1.21B Branch sale
Feb 1, 1991 Maine Savings Bank Portland, ME $1.18B Fleet Bank of Maine
Feb 1, 1991 First Federal Savings of Toledo Toledo, OH $1.02B First FSB
Feb 1, 1991 The Merchants Bank and Trust Co Norwalk, CT $269.9M Union Trust Company
Feb 1, 1991 George Washington FSA Jonesborough, TN $14.6M Home FS&LA of Upper E. TN
Jan 31, 1991 Bank of the Hills Austin, TX $255.1M Team Bank
Jan 31, 1991 Rockport Bank, N.A. Aransas County, TX $17.8M The Bank of Corpus Christi
Jan 29, 1991 Citizens National Bank and Trust Chicago, IL $18.8M First Bank of Oak Park
Jan 25, 1991 Columbia Savings & Loan Assn. Beverly Hills, CA $5.36B Branch sale
Jan 25, 1991 Trustbank FSB Tysons Corner, VA $1.82B Branch sale
Jan 25, 1991 Center S & La Clifton, NJ $132.6M Hub Center Bank

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 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

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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