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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
Jan 25, 1991 Alvarado Bank Richmond, CA $33.5M Pacific Bay Bank
Jan 25, 1991 Coral S & La Coral Springs, FL $32.2M Bank of N. America-Broward
Jan 24, 1991 Metropolitan National Bank Farmers Branch, TX $97.3M Comerica Bank-Texas
Jan 22, 1991 American Bank, N.A. Rio Rancho, NM $20.7M United New Mexico Bank at a
Jan 18, 1991 Irving Savings & Loan Paterson, NJ $222.5M Hudson United Bank
Jan 18, 1991 Beach Federal Savings Assoc. Fountain Valley, CA $81.8M Queen City Bank, N.A.
Jan 11, 1991 Far West Savings & Loan Newport Beach, CA $3.71B Branch sale
Jan 11, 1991 Malibu SB Costa Mesa, CA $139.1M Brentwood Bank of CA
Jan 11, 1991 Community National Bank Glastonbury, CT $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford, CT $17.4M Bank of Boston CT/Bboc
Jan 6, 1991 Bank of New England, National Assoc Boston, MA $13.43B New Bank of New England, N.A.
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford, CT $7.21B New Connecticut Bank & Trus
Jan 6, 1991 Maine National Bank Portland, ME $1.05B New Maine National Bank
Jan 4, 1991 First FS & La of Pittsburg Pittsburgh, PA $3.09B PNC Interim FSB
Jan 4, 1991 Fulton Federal Savings Bank Atlanta, GA $2.02B Branch sale
Jan 4, 1991 First Federal Savings & Loan San Antonio, TX $638.6M First FSB
Jan 4, 1991 Trident Federal S & L Assoc. Newark, NJ $47.2M Collective FSB
Jan 4, 1991 Royal Oak FS & La Randallstown, MD $27.3M Royal Oak SB, FSB

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 1, 1991 Dekalb County School Employees Federal Credit Union IN Profed Federal Credit Union
Jul 1, 1991 Asheville Buncombe Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 The Martin Bank TN First Exchange Bank
Jul 1, 1991 (unnamed) — Citizens First State Bank
Jul 1, 1991 U.S. Government Employees Federal Credit Union AR Arkansas Federal Credit Union
Jul 1, 1991 School District 144 Employees Federal Credit Union IL Heights Auto Workers Credit Union
Jul 1, 1991 McWane Empl Cu AL Landmark Credit Union
Jul 1, 1991 (unnamed) — First Bank Mainland
Jul 1, 1991 Iveys Fcu FL Dillards Federal Credit Union
Jul 1, 1991 Southeastern Paper Prod Fcu TN Comtrust Federal Credit Union
Jul 1, 1991 H W S Federal Credit Union HI West Oahu Community Federal Credit Union
Jul 1, 1991 Firstar New Brighton Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Fountain City Federal Credit Union AL Mutual Savings Credit Union
Jul 1, 1991 Firstar Roseville Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Varo Employees Credit Union TX Texans Credit Union
Jul 1, 1991 Rantec Employees Federal Credit Union CA Premier America Credit Union
Jul 1, 1991 Henderson County Federal Credit Union TX Texas Trust Credit Union
Jul 1, 1991 Firstar St. Anthony Bank, National Association MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Five Points Guaranty Bank FL First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991 West Far - Mor Credit Union ND United Savings Credit Union
Jul 1, 1991 First Interstate Bank of Algona IA Boatmen's Bank of North Iowa
Jul 1, 1991 East Jersey Savings Bank SLA NJ Investors Bank
Jul 1, 1991 First Western Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 McDonald Dairy Employees Credit Union MI Dort Financial Credit Union
Jul 1, 1991 Firstar Centennial Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Firstar MetroBank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Ingles Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 First Federal Savings Bank NC First-Citizens Bank & Trust Company
Jul 1, 1991 (unnamed) — Lasalle Bank Illinois
Jul 1, 1991 Tri State Ca Inc Cu GA Comtrust Federal Credit Union
Jul 1, 1991 Enterprise Bank, N.A. NC Triangle Bank
Jun 30, 1991 Square D Credit Union WI Guardian Credit Union
Jun 30, 1991 Whitney National Bank in St. Tammany Parish LA Whitney National Bank
Jun 30, 1991 Security Exchange Bancorp., Inc. OK Amquest Financial Corp.
Jun 30, 1991 U.S. Trust Company of California, N.A. CA U.S. Trust Company, National Association
Jun 30, 1991 Mission Valley Bancorp CA California Bancshares, Inc.
Jun 30, 1991 Ferryville State Bank WI River Bank
Jun 30, 1991 Kankakee Valspar Credit Union IL Riverside Community Credit Union
Jun 30, 1991 Thrift Associates Cu PA Vantage Trust Federal Credit Union
Jun 30, 1991 De Soto State Bank WI River Bank
Jun 30, 1991 Cleveland Steel & Tubes Employees Credit Union OH Steel Valley Federal Credit Union
Jun 29, 1991 Eastchester Savings Bank NY (unnamed)
Jun 29, 1991 Parker Bank Holding Corporation IN Summcorp
Jun 29, 1991 New Brunswick Savings Bank NJ Constellation Bank, National Association
Jun 29, 1991 Plaza National Bank TX Compass Bank-Dallas
Jun 29, 1991 Cottonwood Credit Union UT Health Care Credit Union
Jun 29, 1991 The Parker Banking Company IN Summit Bank of Muncie
Jun 28, 1991 Northern Trust of California N.A. CA Northern Trust Bank of California National Association
Jun 28, 1991 Inbancshares CA Comerica Holdings Incorporated
Jun 28, 1991 Nevada National Bancorporation NV Security Pacific Bank Nevada, National Association

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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