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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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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