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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
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
Dec 14, 1991 Century Bank at Orchard Road CO Century Bank
Dec 14, 1991 Amboy National Bank NJ Amboy Bank
Dec 14, 1991 Century Bank North CO Century Bank
Dec 13, 1991 First State Bank TX Heritage Bank
Dec 13, 1991 Anne Arundel General Hospital Federal Credit Union MD National Institutes of Health Federal Credit Union
Dec 13, 1991 Cleveland Bank & Trust TX Heritage Bank
Dec 13, 1991 Park Tower National Bank TX Heritage Bank
Dec 12, 1991 Ameriway Bank National Association TX Compass Bank
Dec 12, 1991 Summit Bank of South Bend IN Summit Bank
Dec 10, 1991 Gateway Western Bank CA North County Bank
Dec 9, 1991 FirstBank of Southmoor Park, National Association CO FirstBank of Tech Center
Dec 9, 1991 (unnamed) — FirstBank North
Dec 9, 1991 FirstBank at 30th/Arapahoe, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Table Mesa, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Edgewater, National Association CO FirstBank of Wheat Ridge
Dec 9, 1991 FirstBank at 9th/Corona, National Association CO FirstBank of Denver
Dec 9, 1991 FirstBank at Chambers/Mississippi, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank at Buckley/Quincy, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank of Green Mountain, National Association CO FirstBank of Lakewood
Dec 9, 1991 Boatmen's Mountain Grove National Bank MO Boatmen's Bank of Southern Missouri
Dec 9, 1991 Rock Falls National Bank IL Mercantile Bank of Sterling-Rock Falls National Association
Dec 9, 1991 (unnamed) — FirstBank of Longmont, National Association
Dec 9, 1991 Kaw Valley Bank KS Firstar Bank, National Association
Dec 9, 1991 FirstBank at Arapahoe/Yosemite CO FirstBank of Arapahoe County
Dec 7, 1991 Founders National Bank CA Landmark Bank
Dec 7, 1991 Bank One, Wapakoneta, National Association OH Bank One, Lima, National Association
Dec 7, 1991 The Durham State Bank KS Central National Bank Marion County
Dec 7, 1991 London State Bank MN Sterling State Bank
Dec 6, 1991 Arlington State Bank TX Bank of North Texas, National Association
Dec 6, 1991 Bank of North Texas TX Bank of North Texas, National Association
Dec 6, 1991 Grange Co-Op Federal Credit Union ID Pioneer Federal Credit Union
Dec 6, 1991 Nabisco Houston Federal Credit Union TX Primeway Federal Credit Union
Dec 5, 1991 Griffith Consumers Employees Federal Credit Union MD Educational Systems Federal Credit Union
Dec 2, 1991 Cumberland Financial Services, Incorporated MN Firstar Corporation of Wisconsin
Dec 2, 1991 Battle Creek Enquirer Credit Union MI Omni Community Credit Union
Dec 2, 1991 Veterans Administration Medical Center Columbia Federal Credit Union SC Allsouth Federal Credit Union
Dec 2, 1991 Town & County Credit Union ND First Community Credit Union
Dec 2, 1991 Greater Baltimore Merchants Employees Credit Union MD Securityplus Federal Credit Union
Dec 2, 1991 Old National Bancshares, Inc. IL Mercantile Bancorporation Incorporated of Illinois
Dec 1, 1991 Arkansas State University Federal Credit Union AR Success Federal Credit Union
Dec 1, 1991 Norden Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Dec 1, 1991 Pioneer Bank of Evanston WY The Equality State Bank
Dec 1, 1991 Aliant Bank for Savings, F.S.B. AL Aliant Bank
Dec 1, 1991 Central Life Empl Cu FL Floridacentral Credit Union
Dec 1, 1991 Guarantee Mutual Credit Union NE Centris Federal Credit Union
Dec 1, 1991 Swayne Robinson Employees Federal Credit Union IN Wufface Federal Credit Union
Dec 1, 1991 Eclipse Employees Federal Credit Union IL Rock Valley Credit Union
Dec 1, 1991 Saint Bartholomew Parish Credit Union MI Motor City Co-Op Credit Union
Dec 1, 1991 Workmens Circle Credit Union MN Ideal Credit Union
Nov 30, 1991 United Missouri Bank of Paris MO UMB Bank, Northeast

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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