Skip to main content

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
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
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

Browse adjacent years: 1990 · 1992

Or jump to a category: Failures · Mergers · Enforcement · Assistance