Skip to main content

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
Aug 14, 1991 Theatre Crafts Federal Credit Union TX Texas Federal Credit Union
Aug 9, 1991 The Green Mountain Bank VT Green Mountain Bank
Aug 9, 1991 First Twin-State Bank VT Green Mountain Bank
Aug 7, 1991 Three Cities Bancorp, Inc. MO FB Corporation
Aug 7, 1991 Third Illinois Bancorp, Inc. MO First Bank
Aug 7, 1991 Second Illinois Bancorp, Inc. MO FB Corporation
Aug 7, 1991 C-Bancorp, Inc. MO FB Corporation
Aug 2, 1991 First American Bank IL First American Bank
Aug 2, 1991 First American Bank IL First American Bank
Aug 2, 1991 First American Bank IL First American Bank
Aug 2, 1991 First American Bank IL First American Bank
Aug 1, 1991 First Wisconsin National Bank of Brookfield WI Firstar Bank Milwaukee, National Association
Aug 1, 1991 Mesa National Bank - Patterson CO Mesa National Bank
Aug 1, 1991 Mesa National Bank - Rifle CO Mesa National Bank
Aug 1, 1991 Mesa National Bank - Clifton CO Mesa National Bank
Aug 1, 1991 Mesa National Bank - Glenwood Springs CO Mesa National Bank
Aug 1, 1991 Mesa National Bank - Montrose CO Mesa National Bank
Aug 1, 1991 American National Bank of Lisle IL American National Bank and Trust Company of Chicago
Aug 1, 1991 First Schiller Bancorp, Inc. IL American National Corporation
Aug 1, 1991 State Exchange Finance Company IN NCB Corp.
Aug 1, 1991 Joanna Western Mills Employees Credit Union IL Archer Heights Credit Union
Aug 1, 1991 Centreville Catholic Federal Credit Union IL Catholic and Community Credit Union
Aug 1, 1991 Japanese School Credit Union CA Jacom Credit Union
Aug 1, 1991 Promenade National Bank TX Compass Bank-Dallas
Aug 1, 1991 Vancouver Federal Savings Bank WA Washington Mutual, a Federal Savings Bank
Aug 1, 1991 Citizens National Bank, Flushing - St. Clairsville OH Columbus National Bank
Aug 1, 1991 Strohs Employees Credit Union MN Ideal Credit Union
Aug 1, 1991 San Diego Building Trade Federal Credit Union CA Banc of California, National Association
Aug 1, 1991 Valley Postal Credit Union TX Security First Federal Credit Union
Aug 1, 1991 Rice Lake Credit Union WI Royal Credit Union
Aug 1, 1991 Aae Federal Credit Union PA Ufcw Community Federal Credit Union
Aug 1, 1991 Youngstown Transit Employees Federal Credit Union OH Seven Seventeen Credit Union Inc
Aug 1, 1991 Community Service Credit Union Incorporated CT Navy Federal Credit Union
Aug 1, 1991 Brenton Bank and Trust Company IA Brenton Bank
Aug 1, 1991 U.S.E.S. Credit Union of New Orleans LA Les Federal Credit Union
Aug 1, 1991 M&I Bank of Hilldale WI M&I Bank of Southern Wisconsin
Aug 1, 1991 Peoples First National Bank of North Miami Beach FL Union Planters Bank of Florida
Aug 1, 1991 First Federal Savings and Loan Association MT Western Security Bank
Aug 1, 1991 Nage/Dcasd Federal Credit Union CT East Hartford Federal Credit Union
Aug 1, 1991 McArthur Dairy Empl Fcu FL Tropical Financial Credit Union
Jul 31, 1991 First United Bancorp, Inc. IN First Merchants Corporation
Jul 31, 1991 Portland Naacp Federal Credit Union OR Point West Credit Union
Jul 31, 1991 Cambar Federal Credit Union SC South Carolina Federal Credit Union
Jul 31, 1991 Sylvania Titusville Federal Credit Union PA Community Connect Federal Credit Union
Jul 31, 1991 Preston Bancshares, Inc. IA Chadwick Bancshares, Inc.
Jul 31, 1991 Nora Springs Investment Company IA Cedar Valley Bankshares, Ltd.
Jul 31, 1991 Riceville Investment Company IA Cedar Valley Bankshares, Ltd.
Jul 29, 1991 The Valley Bank of El Paso TX State National Bank
Jul 29, 1991 Holy Name Hospital Federal Credit Union NJ Greater Alliance Federal Credit Union
Jul 29, 1991 Saint Louis Computer Center, Inc. D/b/a/ First Data MO C-Bancorp, Inc.

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

Browse adjacent years: 1990 · 1992

Or jump to a category: Failures · Mergers · Enforcement · Assistance