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
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
Dec 16, 1991	OCC_OTS	Hampton Co-operative Bank	Supervisory Agreement: Hampton Co-operative Bank
Dec 12, 1991	OCC	Gladewater National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gladewater National Bank
Dec 12, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Billy R. Delp
Dec 12, 1991	OCC	The Blanco National Bank	Prohibition/Removal Orders: Stevenson, John B.
Dec 12, 1991	OCC_OTS	(individual)	Supervisory Agreement: Citizens Savings Bank, FSB
Dec 12, 1991	OCC	SNB Bank, N.A.	Formal Agreement: Shattuck National Bank
Dec 11, 1991	OCC	First Liberty National Bank	Formal Agreement: First Liberty National Bank
Dec 11, 1991	OCC	The National Bank of Oak Harbor	Formal Agreement: The National Bank Of Oak Harbor
Dec 11, 1991	OCC	Elkridge National Bank	Formal Agreement: Elkridge National Bank
Dec 11, 1991	OCC_OTS	First Federal Savings Bank	Cease and Desist: Henry O. Loesch
Dec 10, 1991	OCC	Morgan Stanley Middle East Inc.	Formal Agreement: Middle East Bank
Dec 10, 1991	OCC_OTS	Amigo Federal Savings & Loan Association	Orders of Removal/Prohibition: Raquel A. Pena
Dec 10, 1991	OCC_OTS	Peoples Savings Bank, PaSA	Supervisory Agreement: Peoples Savings Bank, PaSa
Dec 10, 1991	OCC	The Pauls Valley National Bank	Formal Agreement: Pauls Valley National Bank
Dec 9, 1991	OCC_OTS	Dryades Savings and Loan Association, Federal Association	Civil Money Penalty: Curtis A. Hennesy
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Karem, Robert
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Lapino, Raymond
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Moorehead, Myron
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Olsen, Clifford
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Silverstein, Irl
Dec 9, 1991	OCC	NBC Bank - Eagle Pass, National Association	Formal Agreement: NBC Bank - Eagle Pass, National Association
Dec 9, 1991	OCC	California National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): California National Bank
Dec 9, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Bayliss, Geoffrey
Dec 9, 1991	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Carollo, Ben
Dec 9, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Cron, Myrven H.
Dec 9, 1991	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Eicher, Harry V.
Dec 6, 1991	OCC	First American National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First American National Bank
Dec 5, 1991	OCC	U.S. National Bank of Clayton	Civil Money Penalty (CMP): Mills, O. Bruce
Dec 5, 1991	OCC	Metrobank of Philadelphia, N.A.	Formal Agreement: Metrobank of Philadelphia National Association
Dec 5, 1991	OCC_OTS	Snyder Savings and Loan Association	Cease and Desist: Snyder Savings and Loan Association
Dec 5, 1991	OCC_OTS	Lake Federal Savings and Loan Association of Hammond	Cease and Desist: George B. Holle
Dec 5, 1991	OCC_OTS	Mitchell Home Savings & Loan Association	Civil Money Penalty: Home Trust Savings and Loan Association
Dec 4, 1991	OCC	Bank of Lexington, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Security National Bank And Trust …
Dec 4, 1991	OCC_OTS	Midwest Bank	Supervisory Agreement: Midwest Savings Bank
Dec 3, 1991	OCC	The Dublin National Bank	Civil Money Penalty (CMP): Thompson, Joseph B.
Dec 3, 1991	OCC	(individual)	Civil Money Penalty (CMP): Malloy, James
Dec 3, 1991	OCC	The Dublin National Bank	Civil Money Penalty (CMP): Traweek, Robert
Dec 3, 1991	OCC	The Dublin National Bank	Civil Money Penalty (CMP): Mulloy, James
Dec 3, 1991	OCC_OTS	(individual)	Cease and Desist: Ponce Federal Savings Bank
Dec 3, 1991	OCC_OTS	Mt. Washington Savings and Loan Company	Supervisory Agreement: Mt. Washington Savings and Loan Company
Dec 3, 1991	OCC	(individual)	Prohibition/Removal Orders: Ward, Henry
Dec 3, 1991	OCC	(individual)	Prohibition/Removal Orders: Brannan, Stephen
Dec 3, 1991	OCC	(individual)	Prohibition/Removal Orders: Brannan, Ira Lee
Dec 3, 1991	OCC	(individual)	Prohibition/Removal Orders: Brannan, David
Dec 3, 1991	OCC	The Commercial National Bank of Beeville	Formal Agreement: The Commercial National Bank Of Beeville
Dec 3, 1991	OCC	(individual)	Civil Money Penalty (CMP): Brannan, Stephen L.
Dec 3, 1991	OCC	(individual)	Civil Money Penalty (CMP): Brannan, Ira Lee
Dec 3, 1991	OCC	(individual)	Civil Money Penalty (CMP): Brannan, David
Dec 3, 1991	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ward, Henry L.
Dec 3, 1991	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ward, Henry L.

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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