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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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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