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
Sep 27, 1991	First Federal Savings	Beaumont, TX	$251.2M	Kilgore FS&LA
Sep 27, 1991	Eastern FS & La of Sayville	Sayville, NY	$249.5M	Bayside FSB
Sep 27, 1991	Nutley Savings & Loan	Nutley, NJ	$188.6M	Valley NB
Sep 27, 1991	Plymouth FSA	Plymouth, MA	$174.7M	Branch sale
Sep 27, 1991	Home FS & La of Harlan	Harlan, IA	$91.4M	Conservative SB FSB
Sep 27, 1991	Midcounty Bank and Trust Company	Norwood, MA	$62.1M	Dedham Institution for Savi
Sep 27, 1991	Gold River SB	Fair Oaks, CA	$24.1M	El Dorado SB
Sep 20, 1991	Bank Five for Savings	Arlington, MA	$386.6M	Cambridge Savings Bank
Sep 20, 1991	Mid-Jersey National Bank	Somerville, NJ	$29.5M	United Jersey Bank/Central
Sep 19, 1991	Southeast Bank, N.A.	Miami, FL	$11.03B	First Union National Bank O
Sep 19, 1991	Abraham Lincoln FSA	Dresher, PA	$189.1M	Branch sale
Sep 19, 1991	Southeast Bank of West Florida	Pensacola, FL	$97.3M	First Union National Bank O
Sep 13, 1991	Davy Crockett FS & La	Crockett, TX	$50.5M	Deposit payout
Sep 13, 1991	Evergreen FS & La	Charleston, WV	$40.3M	Merchants NB of Montgomery
Sep 13, 1991	Valley Bank	White River Junction, VT	$33.7M	Vermont National Bank
Sep 6, 1991	United Home Federal	Toledo, OH	$443.4M	Standard FB
Sep 6, 1991	Suffield Bank	Suffield, CT	$294.8M	First Federal Bank, FSB
Sep 6, 1991	Heartland S & La	La Mesa, CA	$121.7M	Union Bank
Sep 6, 1991	Bay FSB	West Palm Beach, FL	$58.1M	Fidelity FSB of FL
Sep 6, 1991	The Family Bank and Trust	Allenstown, NH	$46.7M	The Valley Bank
Aug 30, 1991	Future Federal Savings Bank	Louisville, KY	$422.3M	Citizens Fidelity B&T
Aug 30, 1991	Lowell Institution for Savings	Lowell, MA	$386.4M	The Family Mutual Savings B
Aug 30, 1991	Homestead FSA	Middletown, PA	$223.2M	Farmers Trust Co.
Aug 30, 1991	Hilton Head Bank & Trust Company	Hilton Head Island, SC	$64.6M	The Anchor Bank
Aug 30, 1991	Hillsborough Bank and Trust Co	Milford, NH	$49.9M	Peterborough Savings Bank
Aug 30, 1991	United FSB	Prestonsburg, KY	$39.9M	Pikeville NB&TC
Aug 29, 1991	First National Bank and Trust Co	Blackwell, OK	$33.5M	Central National Bank & Tru
Aug 29, 1991	The San Saba National Bank	San Saba, TX	$15.6M	First Llano Bank
Aug 23, 1991	Merchants & Mechanics FSB	Springfield, OH	$209.9M	Banc One FSB
Aug 23, 1991	First FS & La	Mt. Vernon, OH	$73.1M	First FS&LA of Wooster
Aug 23, 1991	New Age FSA	St. Louis, MO	$9.2M	Commerce Bank of St. Louis
Aug 22, 1991	Buchel Bank & Trust Co.	Cuero, TX	$25.0M	First Bank
Aug 22, 1991	First Mexia Bank	Mexia, TX	$22.5M	The East Texas National Ban
Aug 16, 1991	First American FSB	Tucson, AZ	$145.0M	State SB, FSB
Aug 16, 1991	Northwest National Bank	Fayetteville, AR	$29.4M	Citizens Bank of Northwest
Aug 16, 1991	Enfield National Bank	Enfield, CT	$19.0M	Savings Institute
Aug 16, 1991	Centre Sa, F.A.	Arlington, TX	$15.2M	American FB, FSB
Aug 9, 1991	Great American FSA	San Diego, CA	$9.52B	Branch sale
Aug 9, 1991	Citytrust	Bridgeport, CT	$1.92B	Chase Manhattan Bank of Con
Aug 9, 1991	Mechanics and Farmers Savings Bank	Bridgeport, CT	$1.08B	Chase Manhattan Bank of Con
Aug 9, 1991	Larchmont FS & La	Larchmont, NY	$123.8M	Peoples Westchester SB
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo, FL	$61.3M	1st United Bank
Aug 9, 1991	First FS & La of Thief River Falls	Thief River Falls, MN	$54.6M	No. State BK of Thief Riv.
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach, FL	$26.1M	—
Aug 2, 1991	Standard FS & La	Columbia, SC	$319.7M	NB of South Carolina
Aug 2, 1991	Coral Coast FSB	Boynton Beach, FL	$61.2M	Mackinac SB, FSB
Jul 26, 1991	Atlantic Financial FSB	San Francisco, CA	$448.9M	Branch sale
Jul 26, 1991	Suburban National Bank	Hillsborough TWNS, NJ	$91.1M	Provident Savings Bank
Jul 26, 1991	The Housatonic Bank & Trust Co	Ansonia, CT	$69.1M	Shelton Savings Bank
Jul 26, 1991	Westland FS & La	Rawlins, WY	$31.8M	Rawlins NB

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
Jul 1, 1991	Dekalb County School Employees Federal Credit Union	IN	Profed Federal Credit Union
Jul 1, 1991	Asheville Buncombe Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	The Martin Bank	TN	First Exchange Bank
Jul 1, 1991	(unnamed)	—	Citizens First State Bank
Jul 1, 1991	U.S. Government Employees Federal Credit Union	AR	Arkansas Federal Credit Union
Jul 1, 1991	School District 144 Employees Federal Credit Union	IL	Heights Auto Workers Credit Union
Jul 1, 1991	McWane Empl Cu	AL	Landmark Credit Union
Jul 1, 1991	(unnamed)	—	First Bank Mainland
Jul 1, 1991	Iveys Fcu	FL	Dillards Federal Credit Union
Jul 1, 1991	Southeastern Paper Prod Fcu	TN	Comtrust Federal Credit Union
Jul 1, 1991	H W S Federal Credit Union	HI	West Oahu Community Federal Credit Union
Jul 1, 1991	Firstar New Brighton Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Fountain City Federal Credit Union	AL	Mutual Savings Credit Union
Jul 1, 1991	Firstar Roseville Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Varo Employees Credit Union	TX	Texans Credit Union
Jul 1, 1991	Rantec Employees Federal Credit Union	CA	Premier America Credit Union
Jul 1, 1991	Henderson County Federal Credit Union	TX	Texas Trust Credit Union
Jul 1, 1991	Firstar St. Anthony Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Five Points Guaranty Bank	FL	First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991	West Far - Mor Credit Union	ND	United Savings Credit Union
Jul 1, 1991	First Interstate Bank of Algona	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	East Jersey Savings Bank SLA	NJ	Investors Bank
Jul 1, 1991	First Western Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	McDonald Dairy Employees Credit Union	MI	Dort Financial Credit Union
Jul 1, 1991	Firstar Centennial Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Firstar MetroBank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ingles Employees Credit Union	NC	Premier Federal Credit Union
Jul 1, 1991	First Federal Savings Bank	NC	First-Citizens Bank & Trust Company
Jul 1, 1991	(unnamed)	—	Lasalle Bank Illinois
Jul 1, 1991	Tri State Ca Inc Cu	GA	Comtrust Federal Credit Union
Jul 1, 1991	Enterprise Bank, N.A.	NC	Triangle Bank
Jun 30, 1991	Square D Credit Union	WI	Guardian Credit Union
Jun 30, 1991	Whitney National Bank in St. Tammany Parish	LA	Whitney National Bank
Jun 30, 1991	Security Exchange Bancorp., Inc.	OK	Amquest Financial Corp.
Jun 30, 1991	U.S. Trust Company of California, N.A.	CA	U.S. Trust Company, National Association
Jun 30, 1991	Mission Valley Bancorp	CA	California Bancshares, Inc.
Jun 30, 1991	Ferryville State Bank	WI	River Bank
Jun 30, 1991	Kankakee Valspar Credit Union	IL	Riverside Community Credit Union
Jun 30, 1991	Thrift Associates Cu	PA	Vantage Trust Federal Credit Union
Jun 30, 1991	De Soto State Bank	WI	River Bank
Jun 30, 1991	Cleveland Steel & Tubes Employees Credit Union	OH	Steel Valley Federal Credit Union
Jun 29, 1991	Eastchester Savings Bank	NY	(unnamed)
Jun 29, 1991	Parker Bank Holding Corporation	IN	Summcorp
Jun 29, 1991	New Brunswick Savings Bank	NJ	Constellation Bank, National Association
Jun 29, 1991	Plaza National Bank	TX	Compass Bank-Dallas
Jun 29, 1991	Cottonwood Credit Union	UT	Health Care Credit Union
Jun 29, 1991	The Parker Banking Company	IN	Summit Bank of Muncie
Jun 28, 1991	Northern Trust of California N.A.	CA	Northern Trust Bank of California National Association
Jun 28, 1991	Inbancshares	CA	Comerica Holdings Incorporated
Jun 28, 1991	Nevada National Bancorporation	NV	Security Pacific Bank Nevada, National Association

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

Enforcement Actions in 1991

Action date	Agency	Institution	Action
Mar 19, 1991	OCC_OTS	North Texas Savings & Loan Association	Civil Money Penalty: Bennie G. Snider
Mar 19, 1991	OCC	The Laguna Bank, National Association	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Laguna Bank, National Association
Mar 19, 1991	OCC	The Citizens National Bank of Norwalk	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens National Bank Of Norwalk
Mar 18, 1991	OCC_OTS	Severn Financial Services Corporation	Cease and Desist: Severn Savings Bank, FSB
Mar 18, 1991	OCC	Yardville National Bancorp	Formal Agreement: Yardville National Bank
Mar 18, 1991	OCC	Eagle National Bancorp, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank
Mar 18, 1991	OCC	The Rappahannock National Bank of Washington	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rappahannock National Bank, The
Mar 15, 1991	OCC_OTS	NewAmerica Savings Bank	Orders of Removal/Prohibition: David D. Jennings
Mar 15, 1991	OCC_OTS	NewAmerica Savings Bank	Orders of Removal/Prohibition: Alan V. Rodebush
Mar 15, 1991	OCC_OTS	NewAmerica Savings Bank	Orders of Removal/Prohibition: Alan I. Indictor
Mar 15, 1991	OCC_OTS	First Federal Savings Bank	Cease and Desist: First Trust Savings Bank, F.S.B.
Mar 15, 1991	OCC_OTS	NewAmerica Savings Bank	Orders of Removal/Prohibition: Rubin M. Turner
Mar 15, 1991	OCC_OTS	NewAmerica Savings Bank	Orders of Removal/Prohibition: Robert E. Taylor
Mar 15, 1991	OCC	Bancfirst-Austin, N.A.	Civil Money Penalty (CMP): Freitag, F. Louis
Mar 14, 1991	OCC	Columbia National Bank-Belmont	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Belmont National Bank
Mar 12, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: James A. Tatum
Mar 12, 1991	OCC_OTS	Fidelity Mutual Savings & Loan Association	Decision/Opinion and Order: Fidelity Mutual Savings and Loan Association
Mar 12, 1991	OCC_OTS	(individual)	Civil Money Penalty: James A. Tatum
Mar 12, 1991	OCC_OTS	(individual)	Cease and Desist: John J. Fraiser, Jr.
Mar 12, 1991	OCC	(individual)	Civil Money Penalty (CMP): American National Bank of Dekalb, The
Mar 8, 1991	FRB	(individual)	Cease and Desist Order: Banca Nazionale del Lavoro, Rome, Italy, Banca Nazionale del Lavoro, …
Mar 8, 1991	OCC_OTS	(individual)	Cease and Desist: American Federal Bank, a Federal Savings Bank
Mar 8, 1991	OCC	Community National Bank and Trust Company of New York	Civil Money Penalty (CMP): Kirkorian, Kirk C.
Mar 7, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Ramiro L. Colon Jr.
Mar 7, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Wendell Colon
Mar 5, 1991	OCC	State National Company	Civil Money Penalty (CMP): Brown, Alan
Mar 5, 1991	OCC_OTS	Cobb Federal Savings Association	Orders of Removal/Prohibition: Billy R. Campbell
Mar 4, 1991	OCC	Westpoint National Bank	Civil Money Penalty (CMP): McClaugherty, George W.
Mar 4, 1991	OCC	The Malta National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Malta National Bank
Mar 4, 1991	OCC_OTS	Newport News Savings Bank	Cease and Desist: Kendall Jones
Mar 4, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Cease and Desist Order: BCCI Holdings (Luxembourg) S.A., Luxembourg, Luxembourg and Bank of Credit …
Mar 1, 1991	OCC	Progressive National Bank	Civil Money Penalty (CMP): Palumbo, L.P.
Mar 1, 1991	FRB	Greater Southwest Bancshares, Inc.	Written Agreement: H. Gary Blankenship
Mar 1, 1991	FRB	Greater Southwest Bancshares, Inc.	Written Agreement: Greater Southwest Bancshares, Inc., Irving, TX
Mar 1, 1991	FRB	(individual)	Written Agreement: Greater Southwest Bancshares, Inc., Employee Stock Ownership Plan, Irving, TX
Mar 1, 1991	FRB	Bank of the West	Written Agreement: Bank of the West, Irving, TX
Mar 1, 1991	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Semlinger, Kenneth E.
Feb 28, 1991	OCC	First Interstate of Iowa, Inc.	Formal Agreement: First Interstate Bank Of Des Moines
Feb 28, 1991	OCC_OTS	Life Financial Corporation	Civil Money Penalty: Life Savings Bank
Feb 28, 1991	OCC	The Bradford National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Bradford National Bank
Feb 28, 1991	OCC_OTS	Lawrence Financial Holdings, Inc.	Orders of Removal/Prohibition: John F. Newman
Feb 28, 1991	OCC	First National Bank of Vermont	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Vermont
Feb 26, 1991	OCC	The Caledonia National Bank of Danville	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Caledonia National Bank Of Danville
Feb 26, 1991	OCC	National Grand Bank of Marblehead	Formal Agreement: National Grand Bank Of Marblehead
Feb 26, 1991	OCC	The Waller Bank, N.A.	Civil Money Penalty (CMP): Hauck, James
Feb 26, 1991	OCC_OTS	Transohio Federal Savings Bank	Decision/Opinion and Order: Transohio Savings Bank
Feb 25, 1991	OCC	The First National Bank in Goodland	Civil Money Penalty (CMP): McCants, Lawrence L.
Feb 25, 1991	OCC	Southside National Bank	Formal Agreement: Southside National Bank
Feb 25, 1991	OCC_OTS	First Federal Savings Bank of South Dakota	Orders of Removal/Prohibition: Steven Ettles
Feb 22, 1991	OCC	Mission Viejo National Bank	Formal Agreement: Mission Viejo 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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