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
Nov 1, 1991 Progressive Federal Savings Bank MO Progressive Ozark Bank
Nov 1, 1991 First State Bank of Lyman WY The Equality State Bank
Nov 1, 1991 News Corporation Employees Credit Union MO Postal & Community Credit Union
Oct 31, 1991 Olin Employees Credit Union of Joliet IL Tech Credit Union
Oct 31, 1991 Kemba Little Rock Credit Union AR Kemba Delta Federal Credit Union
Oct 30, 1991 Indian Head Mortgage Corp. NH Fleet Bank-NH
Oct 30, 1991 Fleet/Norstar Services-NH, Corporation NH Fleet Bank-NH
Oct 30, 1991 Indian Head Bank Services Corporation NH Fleet Bank-NH
Oct 30, 1991 Jeffrey Employees Credit Union, Inc. OH Wright-Patt Credit Union, Inc.
Oct 28, 1991 FirstBank of Minturn CO FirstBank of Vail
Oct 28, 1991 Manufacturers Bank of Lansing MI Manufacturers Bank, National Association
Oct 28, 1991 FirstBank of Beaver Creek, National Association CO FirstBank of Avon
Oct 28, 1991 Manufacturers National Bank of Grand Rapids MI Manufacturers Bank, National Association
Oct 28, 1991 Ponce Metropolitan Federal Credit Union PR Borinquen Sur Federal Credit Union
Oct 28, 1991 FirstBank of West Vail CO FirstBank of Vail
Oct 28, 1991 United Illinois Bank of New Athens IL Central Bank
Oct 26, 1991 Century Bank at Broadway CO Century Bank
Oct 26, 1991 Callaway Gardens Credit Association Credit Union GA Five Star Credit Union
Oct 26, 1991 Heritage Bank of Oak Lawn IL Heritage Bank
Oct 26, 1991 Heritage Bank Crestwood IL Heritage Bank
Oct 26, 1991 Columbia National Bank-Belmont IL Columbia National Bank of Chicago
Oct 26, 1991 (unnamed) — Heritage Bank
Oct 25, 1991 Sioux Quality Credit Union IA Telco Triad Community Credit Union
Oct 24, 1991 BayBank First Easthampton, N.A. MA BayBank, National Association
Oct 24, 1991 BayBank Harvard Trust Company MA BayBank, National Association
Oct 24, 1991 BayBank South MA BayBank, National Association
Oct 24, 1991 BayBank Valley Trust Company MA BayBank, National Association
Oct 23, 1991 Americorp, Inc. OK Ameribank Corporation
Oct 23, 1991 Randolph County FS&LA GA First State Bank & Trust Company
Oct 21, 1991 MCS Employees Credit Union, Inc. OH The Ohio Educational Credit Union, Inc.
Oct 19, 1991 Hannibal Mutual Loan and Building Association MO Roosevelt Bank
Oct 18, 1991 Boatmen's National Bank of Richmond MO Boatmen's River Valley Bank
Oct 18, 1991 Exchange Bank of Schmidt & Koester KS Gold Bank
Oct 12, 1991 First Community Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Aurora CO First Community Industrial Bank
Oct 12, 1991 The State Bank of Kirkland IL The Belvidere National Bank and Trust Company
Oct 12, 1991 U.S. Shoe Employees Federal Credit Union IN Members Trust Federal Credit Union
Oct 12, 1991 First Community Industrial Bank of Longmont CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Arvada CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Littleton CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Fort Collins CO First Community Industrial Bank
Oct 11, 1991 First National Bank TX Team Bank
Oct 10, 1991 Bank of Speedwell, Inc. VA Premier Bank-South, National Association
Oct 9, 1991 Milton Tri-County Bank WV Huntington Bank Huntington National Association
Oct 8, 1991 Scott Methodist Credit Union MI Credit Union One
Oct 7, 1991 Basf Fibers Employees Federal Credit Union VA 1st Advantage Federal Credit Union
Oct 7, 1991 Widmer Bancshares, Inc. MO Widmer Bancshares, Inc.
Oct 5, 1991 Bank of San Clemente CA Eldorado Bank

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

Browse adjacent years: 1990 · 1992

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