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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
Jul 25, 1991 The Kerens Bank Kerens, TX $19.5M Cedar Creek Bank
Jul 19, 1991 Pontchartrain State Bank Metairie, LA $140.0M First National Bank of Comm
Jul 19, 1991 Cooperative FSB Westmont, IL $74.9M Heritage Glenwood Bank
Jul 19, 1991 Community Guardian Bank Elmwood Park, NJ $55.3M Interchange State Bank
Jul 19, 1991 Clinton S & La Clinton, OK $22.2M Local Federal Bank, FSB
Jul 19, 1991 New Metropolitan FSB Hialeah, FL $18.4M Desjardins FSB
Jul 12, 1991 Pan American FSB San Mateo, CA $287.2M Pan American Bank, FSB
Jul 12, 1991 Danburry Savings & Loan Danbury, CT $270.2M Bristol FSB
Jul 12, 1991 Monycor Savings Bank Barron, WI $151.7M Branch sale
Jul 12, 1991 Fidelity FS & La Austin, TX $67.0M Deposit payout
Jul 12, 1991 Dripping Springs National Bank Dripping Springs, TX $20.2M Texas Bank
Jul 12, 1991 Landmark Thrift and Loan Association San Diego, CA $16.6M —
Jul 9, 1991 Surety FS & La Morganton, NC $224.8M First Citizens B&TC
Jun 28, 1991 First Mutual Bank for Savings Boston, MA $1.13B First National Bank of Bost
Jun 28, 1991 Metrobank FS & La Palisades Park, NJ $474.3M First FSB of DE
Jun 28, 1991 United FS & La Jonesboro, AR $142.5M Branch sale
Jun 21, 1991 Guardian FSA Huntington Beach, CA $682.1M Home Savings of America, FS
Jun 21, 1991 Beacon Co-Operative Bank Boston, MA $31.8M Grove Bank
Jun 14, 1991 Springfield Fsla Springfield, PA $97.5M Germantown SB
Jun 14, 1991 First Commerce SB, FSB Lowell, IN $10.9M Centier Bank
Jun 13, 1991 The Bank of Horton Horton, KS $167.3M Kansas State Bank
Jun 13, 1991 Tascosa National Bank of Amarillo Amarillo, TX $73.9M Team Bank
Jun 13, 1991 Peoples Bank Hewitt, TX $17.3M The National Bank of Gatesv
Jun 13, 1991 Texas Premier Bank of Victoria, National a Victoria, TX $15.4M Victoria Bank and Trust Com
Jun 7, 1991 Dryades S & La New Orleans, LA $262.3M Dryades SB, FSB
Jun 7, 1991 Woburn Five Cents Savings Bank Woburn, MA $247.2M Sterling Bank
Jun 6, 1991 Northwest Bank, N.A. San Antonio, TX $7.2M Valley-Hi National Bank of
May 31, 1991 Goldome Buffalo, NY $9.89B Key Bank of Western New Yor
May 31, 1991 Goldome FSB St. Petersburg, FL $1.48B First of America Bank/FL, F
May 31, 1991 Merabank Texas El Paso, TX $1.16B Branch sale
May 31, 1991 University Bank, N.A. Newton, MA $318.8M Sterling Bank
May 31, 1991 Westerleigh Savings Staten Island, NY $147.8M Branch sale
May 31, 1991 United FS & La Smyrna, GA $119.3M Branch sale
May 31, 1991 Burleson County Savings Assoc. Caldwell, TX $31.5M Citizens State Bank
May 31, 1991 Enterprise S&LA Compton, CA $13.5M Family SB, FSB
May 24, 1991 Progressive Savings Bank Pasadena, CA $388.3M Branch sale
May 24, 1991 Florida State Bank Holiday, FL $87.4M Orange Bank
May 24, 1991 First Security Bank Roanoke, VA $15.9M First Century Bank
May 23, 1991 Far West FSB Portland, OR $2.07B Branch sale
May 23, 1991 Liberty National Bank Lovington, NM $51.4M Western Commerce Bank
May 22, 1991 The First National Bank of Toms River Toms River, NJ $1.42B First Fidelity Bank, Nation
May 17, 1991 Altus FSB Mobile, AL $1.97B Branch sale
May 17, 1991 The Cosmopolitan National Bank of Chicago Chicago, IL $110.1M Cosmopolitan Bank and Trust
May 17, 1991 First City Bank New Orleans, LA $56.1M First Bank and Trust
May 17, 1991 Ludington FSB Ludington, MI $34.2M Northwestern SB&T
May 16, 1991 Capital Bank Dallas, TX $111.6M Bank One, Texas, National a
May 16, 1991 First National Bank of Cedar Hill Cedar Hill, TX $11.0M First State Bank
May 10, 1991 Madison National Bank Washington, DC $473.8M Signet Bank, National Assoc
May 10, 1991 Madison National Bank of Virginia McLean, VA $174.2M Signet Bank - Virginia
May 10, 1991 First FSA of Newton Newton, KS $125.6M Central NB-Newton

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 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, 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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