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 27, 1991	Key Bank of Central New York, National Association	NY	KeyBank National Association
Jul 27, 1991	(unnamed)	—	The Bank of San Diego
Jul 27, 1991	The Oxford Bank	KS	Cornerbank
Jul 27, 1991	Key Bank of Western New York National Association	NY	KeyBank National Association
Jul 26, 1991	Roseville Bancorp, Inc.	MN	Midamerica Bancorporation, Inc.
Jul 26, 1991	Rea Employees Federal Credit Union	NC	Carolina Cooperative Federal Credit Union
Jul 25, 1991	Montrose M C Employees Federal Credit Union	PA	Penn East Federal Credit Union
Jul 24, 1991	Mount Calm Federal Credit Union	LA	Shreveport Federal Credit Union
Jul 23, 1991	First Federal Savings and Loan Association	WV	First Empire Federal Savings and Loan Association
Jul 23, 1991	McKinney Municipal Credit Union	TX	LegacyTexas Bank
Jul 22, 1991	The First National Bank in Dolton	IL	South Holland Trust & Savings Bank
Jul 22, 1991	First Dolton Corp.	IL	South Holland Bancorp, Inc.
Jul 20, 1991	First National Bank of Mt. Zion	IL	The First National Bank of Decatur
Jul 19, 1991	Mobile Radio Employees Credit Union	SC	Safe Federal Credit Union
Jul 19, 1991	Mid-South Bank & Trust Company	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Third Financial Services Incorporated	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Sequoyah State Bank of Muldrow	OK	Armstrong Bank
Jul 10, 1991	Battle Creek Bank	MN	MidAmerica Bank Maplewood
Jul 8, 1991	Syremp Credit Union, Inc.	OH	Tri-County Credit Union, Inc.
Jul 1, 1991	Firstar Hugo Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ibew Local 270 Fcu	TN	Y-12 Federal Credit Union
Jul 1, 1991	Whitehall Leather Employees Credit Union	MI	Harborlight Credit Union
Jul 1, 1991	King-Lar Employees Credit Union	IL	Staley Credit Union
Jul 1, 1991	Wunda Weave Federal Credit Union	SC	Spero Financial Federal Credit Union
Jul 1, 1991	Lefebure Employees Credit Union	IA	Quaker Oats Employees Credit Union
Jul 1, 1991	First Wisconsin Bank of Waukesha	WI	Firstar Bank Milwaukee, National Association
Jul 1, 1991	First Interstate Bank of Laramie, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	First Interstate Bank of Riverton, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	FGL Empl Fcu	FL	Coastline Federal Credit Union
Jul 1, 1991	Alta Bates Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 1, 1991	Christian Tabernacle Federal Credit Union	OH	Steel Valley Federal Credit Union
Jul 1, 1991	Firstar Eagan Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	J F & Associates Credit Union	NH	Triangle Credit Union
Jul 1, 1991	Steel Products Employees Credit Union, Inc.	OH	Day Air Credit Union, Inc.
Jul 1, 1991	Uniflow Employees Federal Credit Union	PA	Tri State Rail Federal Credit Union
Jul 1, 1991	Firstar Stillwater Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	First Interstate Bank of Cresco, National Association	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	Guardian Savings & Loan Association	NJ	Cape Bank
Jul 1, 1991	Elco Empl Fcu	PA	Blair County Federal Credit Union
Jul 1, 1991	Buena Vista Credit Union	CA	Tucoemas Federal Credit Union
Jul 1, 1991	General Fireproofing Employees Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Jul 1, 1991	(unnamed)	—	The First Citizens National Bank of Upper Sandusky
Jul 1, 1991	I.O.F. Norcal Federal Credit Union	CA	Allied Trades Credit Union
Jul 1, 1991	Aerostructures Empl Fcu	TN	Heritage Credit Union
Jul 1, 1991	Multibank National of Western Massachusetts	MA	MultiBank West
Jul 1, 1991	B C Financial Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1991	AMCORE Bank Carpentersville	IL	Amcore Bank National Association, Northwest
Jul 1, 1991	Cleveland-Jackson Sa Cu	TN	Tennessee Valley Federal Credit Union
Jul 1, 1991	Dynalectron Employees Federal Credit Union	VA	Money One Federal Credit Union
Jul 1, 1991	Nashville Kemba Fcu	TN	Ascend Federal Credit Union

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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