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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
Dec 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date Agency Institution Action
Feb 21, 1991 OCC_OTS Union Bancorp Civil Money Penalty: Thomas A. Deane
Feb 21, 1991 OCC_OTS Union Bancorp Civil Money Penalty: Donald L. Criswell
Feb 21, 1991 OCC_OTS Union Bancorp Civil Money Penalty: Robert M. Klosterman
Feb 21, 1991 OCC_OTS Union Bancorp Civil Money Penalty: William S. Martin, Jr.
Feb 21, 1991 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Donald A. Baker
Feb 21, 1991 OCC Universal Bancorp, Inc. Formal Agreement: Universal National Bank
Feb 20, 1991 OCC Southwest National Bank Civil Money Penalty (CMP): Clifford, Jack M.
Feb 20, 1991 OCC Southwest National Bank Civil Money Penalty (CMP): Clifford, Jack J.
Feb 20, 1991 OCC Southwest National Bank Prohibition/Removal Orders: Clifford, Jack M.
Feb 20, 1991 OCC Southwest National Bank Prohibition/Removal Orders: Clifford, Jack J.
Feb 19, 1991 OCC Leadership Bank, National Association Formal Agreement: Leadership Bank National Association
Feb 19, 1991 OCC Seacoast National Bank Formal Agreement: First National Bank And Trust Company Of The Treasure Coast
Feb 15, 1991 OCC_OTS Ambase Corporation Cease and Desist: AmBase Corporation
Feb 14, 1991 OCC_OTS Texas Heritage Savings Association/Banc Cease and Desist: Texas Heritage Savings Assciatio/Banc
Feb 14, 1991 OCC The Citizens National Bank of Norwalk Civil Money Penalty (CMP): Koppelman, Charles F.
Feb 13, 1991 FRB The Sun City Bank Cease and Desist Order: Sun City Bank, Sun City, AZ
Feb 13, 1991 OCC The First National Bank of Gordon Formal Agreement: The First National Bank Of Gordon
Feb 12, 1991 OCC_OTS Huntington Federal Savings and Loan Association Supervisory Agreement: Huntington Federal Savings and Loan Association
Feb 11, 1991 OCC The American National Bank of Nashwauk Formal Agreement: The American National Bank of Nashwauk
Feb 11, 1991 OCC The First National Bank of Nashwauk Formal Agreement: The First National Bank of Nashwauk
Feb 8, 1991 FRB River Rouge Savings Bank Prohibition from Banking: Michael Bonk
Feb 8, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Paul G. Mavity
Feb 6, 1991 FRB United American Bank of Central Florida Written Agreement: United American Bank of Central Florida, Orlando, FL
Feb 6, 1991 OCC BANKSTAR, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bankstar, National Association
Feb 6, 1991 OCC Suburban Bank of Virginia, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank 2000, National Association
Feb 5, 1991 OCC The Citizens National Bank of Norwalk Prohibition/Removal Orders: Koppelman, Charles F.
Feb 1, 1991 OCC University Bank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): University Bank, National Association
Feb 1, 1991 FRB Credit and Commerce American Holdings N V Cease and Desist Order: Credit Commerce American Holdings, N.V., Netherlands Antilles and BCCI
Jan 31, 1991 FRB (individual) Written Agreement: Sterling Bancorp, Inc., Eleanor, WV
Jan 31, 1991 OCC_OTS Coral Coast Federal Savings Bank Orders of Removal/Prohibition: Hal Norris Mayer
Jan 31, 1991 OCC_OTS First Robinson Savings Bank, N.A. Cease and Desist: Rick L. Catt
Jan 31, 1991 FRB Buffalo Bank Corporation Written Agreement: Buffalo Bank, Eleanor, WV
Jan 30, 1991 OCC First Texoma National Bank Formal Agreement: First National Bank In Durant
Jan 30, 1991 OCC The First National Bank of Guymon Formal Agreement: The First National Bank of Guymon
Jan 30, 1991 OCC_OTS Colonial Holding Company LTD Cease and Desist: Colonial Bank
Jan 30, 1991 OCC_OTS Litchfield Community Savings, S.B. Cease and Desist: Litchfield Community Savings and Loan Assocation
Jan 30, 1991 OCC_OTS Midwest Federal Savings and Loan Association of Eastern Iowa Cease and Desist: Carlton W. Holmes, Jr.,
Jan 30, 1991 OCC_OTS Midwest Federal Savings and Loan Association of Eastern Iowa Orders of Removal/Prohibition: Carlton W. Holmes Jr.
Jan 30, 1991 OCC_OTS Midwest Federal Savings and Loan Association of Eastern Iowa Orders of Removal/Prohibition: Patsy L. Holmes (Bennett)
Jan 29, 1991 OCC Coastal Bend Bancshares, Inc. Formal Agreement: Coastal Bend National Bank
Jan 29, 1991 OCC (individual) Formal Agreement: Citizens National Bank
Jan 29, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Charles H. Keating Jr.
Jan 29, 1991 OCC_OTS First Federal Savings Association of Toledo Orders of Removal/Prohibition: Joseph H. Pilkington
Jan 29, 1991 OCC Western American National Bank Formal Agreement: Western American National Bank
Jan 28, 1991 FRB First Lehigh Corporation Written Agreement: First Lehigh Corporation, Walnutport, PA
Jan 28, 1991 OCC_OTS Mercantile Federal Savings Bank Cease and Desist: Mercantile Savings Bank
Jan 28, 1991 OCC Golden Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Texas First National Bank
Jan 28, 1991 OCC Liberty National Bank Civil Money Penalty (CMP): Liberty National Bank
Jan 28, 1991 OCC The National Bank of Roxbury Formal Agreement: The National Bank of Roxbury
Jan 25, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Joel Flig

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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