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 |
|---|---|---|
| Nov 1, 1991 | Progressive Federal Savings Bank | Progressive Ozark Bank |
| Nov 1, 1991 | First State Bank of Lyman | The Equality State Bank |
| Nov 1, 1991 | News Corporation Employees Credit Union | Postal & Community Credit Union |
| Oct 31, 1991 | Olin Employees Credit Union of Joliet | Tech Credit Union |
| Oct 31, 1991 | Kemba Little Rock Credit Union | Kemba Delta Federal Credit Union |
| Oct 30, 1991 | Indian Head Mortgage Corp. | Fleet Bank-NH |
| Oct 30, 1991 | Fleet/Norstar Services-NH, Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Indian Head Bank Services Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Jeffrey Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Oct 28, 1991 | FirstBank of Minturn | FirstBank of Vail |
| Oct 28, 1991 | Manufacturers Bank of Lansing | Manufacturers Bank, National Association |
| Oct 28, 1991 | FirstBank of Beaver Creek, National Association | FirstBank of Avon |
| Oct 28, 1991 | Manufacturers National Bank of Grand Rapids | Manufacturers Bank, National Association |
| Oct 28, 1991 | Ponce Metropolitan Federal Credit Union | Borinquen Sur Federal Credit Union |
| Oct 28, 1991 | FirstBank of West Vail | FirstBank of Vail |
| Oct 28, 1991 | United Illinois Bank of New Athens | Central Bank |
| Oct 26, 1991 | Century Bank at Broadway | Century Bank |
| Oct 26, 1991 | Callaway Gardens Credit Association Credit Union | Five Star Credit Union |
| Oct 26, 1991 | Heritage Bank of Oak Lawn | Heritage Bank |
| Oct 26, 1991 | Heritage Bank Crestwood | Heritage Bank |
| Oct 26, 1991 | Columbia National Bank-Belmont | Columbia National Bank of Chicago |
| Oct 26, 1991 | (unnamed) | Heritage Bank |
| Oct 25, 1991 | Sioux Quality Credit Union | Telco Triad Community Credit Union |
| Oct 24, 1991 | BayBank First Easthampton, N.A. | BayBank, National Association |
| Oct 24, 1991 | BayBank Harvard Trust Company | BayBank, National Association |
| Oct 24, 1991 | BayBank South | BayBank, National Association |
| Oct 24, 1991 | BayBank Valley Trust Company | BayBank, National Association |
| Oct 23, 1991 | Americorp, Inc. | Ameribank Corporation |
| Oct 23, 1991 | Randolph County FS&LA | First State Bank & Trust Company |
| Oct 21, 1991 | MCS Employees Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Oct 19, 1991 | Hannibal Mutual Loan and Building Association | Roosevelt Bank |
| Oct 18, 1991 | Boatmen's National Bank of Richmond | Boatmen's River Valley Bank |
| Oct 18, 1991 | Exchange Bank of Schmidt & Koester | Gold Bank |
| Oct 12, 1991 | First Community Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Aurora | First Community Industrial Bank |
| Oct 12, 1991 | The State Bank of Kirkland | The Belvidere National Bank and Trust Company |
| Oct 12, 1991 | U.S. Shoe Employees Federal Credit Union | Members Trust Federal Credit Union |
| Oct 12, 1991 | First Community Industrial Bank of Longmont | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Arvada | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Littleton | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Fort Collins | First Community Industrial Bank |
| Oct 11, 1991 | First National Bank | Team Bank |
| Oct 10, 1991 | Bank of Speedwell, Inc. | Premier Bank-South, National Association |
| Oct 9, 1991 | Milton Tri-County Bank | Huntington Bank Huntington National Association |
| Oct 8, 1991 | Scott Methodist Credit Union | Credit Union One |
| Oct 7, 1991 | Basf Fibers Employees Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 7, 1991 | Widmer Bancshares, Inc. | Widmer Bancshares, Inc. |
| Oct 5, 1991 | Bank of San Clemente | Eldorado 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 | 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 |