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 | Assets |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 | Acquirer |
|---|---|---|
| Aug 14, 1991 | Theatre Crafts Federal Credit Union | Texas Federal Credit Union |
| Aug 9, 1991 | The Green Mountain Bank | Green Mountain Bank |
| Aug 9, 1991 | First Twin-State Bank | Green Mountain Bank |
| Aug 7, 1991 | Three Cities Bancorp, Inc. | FB Corporation |
| Aug 7, 1991 | Third Illinois Bancorp, Inc. | First Bank |
| Aug 7, 1991 | Second Illinois Bancorp, Inc. | FB Corporation |
| Aug 7, 1991 | C-Bancorp, Inc. | FB Corporation |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 2, 1991 | First American Bank | First American Bank |
| Aug 1, 1991 | First Wisconsin National Bank of Brookfield | Firstar Bank Milwaukee, National Association |
| Aug 1, 1991 | Mesa National Bank - Patterson | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Rifle | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Clifton | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Glenwood Springs | Mesa National Bank |
| Aug 1, 1991 | Mesa National Bank - Montrose | Mesa National Bank |
| Aug 1, 1991 | American National Bank of Lisle | American National Bank and Trust Company of Chicago |
| Aug 1, 1991 | First Schiller Bancorp, Inc. | American National Corporation |
| Aug 1, 1991 | State Exchange Finance Company | NCB Corp. |
| Aug 1, 1991 | Joanna Western Mills Employees Credit Union | Archer Heights Credit Union |
| Aug 1, 1991 | Centreville Catholic Federal Credit Union | Catholic and Community Credit Union |
| Aug 1, 1991 | Japanese School Credit Union | Jacom Credit Union |
| Aug 1, 1991 | Promenade National Bank | Compass Bank-Dallas |
| Aug 1, 1991 | Vancouver Federal Savings Bank | Washington Mutual, a Federal Savings Bank |
| Aug 1, 1991 | Citizens National Bank, Flushing - St. Clairsville | Columbus National Bank |
| Aug 1, 1991 | Strohs Employees Credit Union | Ideal Credit Union |
| Aug 1, 1991 | San Diego Building Trade Federal Credit Union | Banc of California, National Association |
| Aug 1, 1991 | Valley Postal Credit Union | Security First Federal Credit Union |
| Aug 1, 1991 | Rice Lake Credit Union | Royal Credit Union |
| Aug 1, 1991 | Aae Federal Credit Union | Ufcw Community Federal Credit Union |
| Aug 1, 1991 | Youngstown Transit Employees Federal Credit Union | Seven Seventeen Credit Union Inc |
| Aug 1, 1991 | Community Service Credit Union Incorporated | Navy Federal Credit Union |
| Aug 1, 1991 | Brenton Bank and Trust Company | Brenton Bank |
| Aug 1, 1991 | U.S.E.S. Credit Union of New Orleans | Les Federal Credit Union |
| Aug 1, 1991 | M&I Bank of Hilldale | M&I Bank of Southern Wisconsin |
| Aug 1, 1991 | Peoples First National Bank of North Miami Beach | Union Planters Bank of Florida |
| Aug 1, 1991 | First Federal Savings and Loan Association | Western Security Bank |
| Aug 1, 1991 | Nage/Dcasd Federal Credit Union | East Hartford Federal Credit Union |
| Aug 1, 1991 | McArthur Dairy Empl Fcu | Tropical Financial Credit Union |
| Jul 31, 1991 | First United Bancorp, Inc. | First Merchants Corporation |
| Jul 31, 1991 | Portland Naacp Federal Credit Union | Point West Credit Union |
| Jul 31, 1991 | Cambar Federal Credit Union | South Carolina Federal Credit Union |
| Jul 31, 1991 | Sylvania Titusville Federal Credit Union | Community Connect Federal Credit Union |
| Jul 31, 1991 | Preston Bancshares, Inc. | Chadwick Bancshares, Inc. |
| Jul 31, 1991 | Nora Springs Investment Company | Cedar Valley Bankshares, Ltd. |
| Jul 31, 1991 | Riceville Investment Company | Cedar Valley Bankshares, Ltd. |
| Jul 29, 1991 | The Valley Bank of El Paso | State National Bank |
| Jul 29, 1991 | Holy Name Hospital Federal Credit Union | Greater Alliance Federal Credit Union |
| Jul 29, 1991 | Saint Louis Computer Center, Inc. D/b/a/ First Data | C-Bancorp, Inc. |
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 | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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