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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
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
Dec 14, 1991 Century Bank at Orchard Road CO Century Bank
Dec 14, 1991 Amboy National Bank NJ Amboy Bank
Dec 14, 1991 Century Bank North CO Century Bank
Dec 13, 1991 First State Bank TX Heritage Bank
Dec 13, 1991 Anne Arundel General Hospital Federal Credit Union MD National Institutes of Health Federal Credit Union
Dec 13, 1991 Cleveland Bank & Trust TX Heritage Bank
Dec 13, 1991 Park Tower National Bank TX Heritage Bank
Dec 12, 1991 Ameriway Bank National Association TX Compass Bank
Dec 12, 1991 Summit Bank of South Bend IN Summit Bank
Dec 10, 1991 Gateway Western Bank CA North County Bank
Dec 9, 1991 FirstBank of Southmoor Park, National Association CO FirstBank of Tech Center
Dec 9, 1991 (unnamed) — FirstBank North
Dec 9, 1991 FirstBank at 30th/Arapahoe, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Table Mesa, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Edgewater, National Association CO FirstBank of Wheat Ridge
Dec 9, 1991 FirstBank at 9th/Corona, National Association CO FirstBank of Denver
Dec 9, 1991 FirstBank at Chambers/Mississippi, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank at Buckley/Quincy, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank of Green Mountain, National Association CO FirstBank of Lakewood
Dec 9, 1991 Boatmen's Mountain Grove National Bank MO Boatmen's Bank of Southern Missouri
Dec 9, 1991 Rock Falls National Bank IL Mercantile Bank of Sterling-Rock Falls National Association
Dec 9, 1991 (unnamed) — FirstBank of Longmont, National Association
Dec 9, 1991 Kaw Valley Bank KS Firstar Bank, National Association
Dec 9, 1991 FirstBank at Arapahoe/Yosemite CO FirstBank of Arapahoe County
Dec 7, 1991 Founders National Bank CA Landmark Bank
Dec 7, 1991 Bank One, Wapakoneta, National Association OH Bank One, Lima, National Association
Dec 7, 1991 The Durham State Bank KS Central National Bank Marion County
Dec 7, 1991 London State Bank MN Sterling State Bank
Dec 6, 1991 Arlington State Bank TX Bank of North Texas, National Association
Dec 6, 1991 Bank of North Texas TX Bank of North Texas, National Association
Dec 6, 1991 Grange Co-Op Federal Credit Union ID Pioneer Federal Credit Union
Dec 6, 1991 Nabisco Houston Federal Credit Union TX Primeway Federal Credit Union
Dec 5, 1991 Griffith Consumers Employees Federal Credit Union MD Educational Systems Federal Credit Union
Dec 2, 1991 Cumberland Financial Services, Incorporated MN Firstar Corporation of Wisconsin
Dec 2, 1991 Battle Creek Enquirer Credit Union MI Omni Community Credit Union
Dec 2, 1991 Veterans Administration Medical Center Columbia Federal Credit Union SC Allsouth Federal Credit Union
Dec 2, 1991 Town & County Credit Union ND First Community Credit Union
Dec 2, 1991 Greater Baltimore Merchants Employees Credit Union MD Securityplus Federal Credit Union
Dec 2, 1991 Old National Bancshares, Inc. IL Mercantile Bancorporation Incorporated of Illinois
Dec 1, 1991 Arkansas State University Federal Credit Union AR Success Federal Credit Union
Dec 1, 1991 Norden Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Dec 1, 1991 Pioneer Bank of Evanston WY The Equality State Bank
Dec 1, 1991 Aliant Bank for Savings, F.S.B. AL Aliant Bank
Dec 1, 1991 Central Life Empl Cu FL Floridacentral Credit Union
Dec 1, 1991 Guarantee Mutual Credit Union NE Centris Federal Credit Union
Dec 1, 1991 Swayne Robinson Employees Federal Credit Union IN Wufface Federal Credit Union
Dec 1, 1991 Eclipse Employees Federal Credit Union IL Rock Valley Credit Union
Dec 1, 1991 Saint Bartholomew Parish Credit Union MI Motor City Co-Op Credit Union
Dec 1, 1991 Workmens Circle Credit Union MN Ideal Credit Union
Nov 30, 1991 United Missouri Bank of Paris MO UMB Bank, Northeast

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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