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 |
|---|---|---|
| Sep 27, 1991 | First Federal Savings | $251.2M |
| Sep 27, 1991 | Eastern FS & La of Sayville | $249.5M |
| Sep 27, 1991 | Nutley Savings & Loan | $188.6M |
| Sep 27, 1991 | Plymouth FSA | $174.7M |
| Sep 27, 1991 | Home FS & La of Harlan | $91.4M |
| Sep 27, 1991 | Midcounty Bank and Trust Company | $62.1M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 20, 1991 | Bank Five for Savings | $386.6M |
| Sep 20, 1991 | Mid-Jersey National Bank | $29.5M |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Sep 19, 1991 | Abraham Lincoln FSA | $189.1M |
| Sep 19, 1991 | Southeast Bank of West Florida | $97.3M |
| Sep 13, 1991 | Davy Crockett FS & La | $50.5M |
| Sep 13, 1991 | Evergreen FS & La | $40.3M |
| Sep 13, 1991 | Valley Bank | $33.7M |
| Sep 6, 1991 | United Home Federal | $443.4M |
| Sep 6, 1991 | Suffield Bank | $294.8M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Sep 6, 1991 | Bay FSB | $58.1M |
| Sep 6, 1991 | The Family Bank and Trust | $46.7M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Aug 30, 1991 | Lowell Institution for Savings | $386.4M |
| Aug 30, 1991 | Homestead FSA | $223.2M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 30, 1991 | Hillsborough Bank and Trust Co | $49.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Aug 29, 1991 | First National Bank and Trust Co | $33.5M |
| Aug 29, 1991 | The San Saba National Bank | $15.6M |
| Aug 23, 1991 | Merchants & Mechanics FSB | $209.9M |
| Aug 23, 1991 | First FS & La | $73.1M |
| Aug 23, 1991 | New Age FSA | $9.2M |
| Aug 22, 1991 | Buchel Bank & Trust Co. | $25.0M |
| Aug 22, 1991 | First Mexia Bank | $22.5M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Aug 16, 1991 | Northwest National Bank | $29.4M |
| Aug 16, 1991 | Enfield National Bank | $19.0M |
| Aug 16, 1991 | Centre Sa, F.A. | $15.2M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Aug 9, 1991 | Citytrust | $1.92B |
| Aug 9, 1991 | Mechanics and Farmers Savings Bank | $1.08B |
| Aug 9, 1991 | Larchmont FS & La | $123.8M |
| Aug 9, 1991 | Bank of South Palm Beaches | $61.3M |
| Aug 9, 1991 | First FS & La of Thief River Falls | $54.6M |
| Aug 9, 1991 | Southcoast Bank Corporation | $26.1M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Aug 2, 1991 | Coral Coast FSB | $61.2M |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 26, 1991 | Suburban National Bank | $91.1M |
| Jul 26, 1991 | The Housatonic Bank & Trust Co | $69.1M |
| Jul 26, 1991 | Westland FS & La | $31.8M |
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 |
|---|---|---|
| Dec 14, 1991 | Century Bank at Orchard Road | Century Bank |
| Dec 14, 1991 | Amboy National Bank | Amboy Bank |
| Dec 14, 1991 | Century Bank North | Century Bank |
| Dec 13, 1991 | First State Bank | Heritage Bank |
| Dec 13, 1991 | Anne Arundel General Hospital Federal Credit Union | National Institutes of Health Federal Credit Union |
| Dec 13, 1991 | Cleveland Bank & Trust | Heritage Bank |
| Dec 13, 1991 | Park Tower National Bank | Heritage Bank |
| Dec 12, 1991 | Ameriway Bank National Association | Compass Bank |
| Dec 12, 1991 | Summit Bank of South Bend | Summit Bank |
| Dec 10, 1991 | Gateway Western Bank | North County Bank |
| Dec 9, 1991 | FirstBank of Southmoor Park, National Association | FirstBank of Tech Center |
| Dec 9, 1991 | (unnamed) | FirstBank North |
| Dec 9, 1991 | FirstBank at 30th/Arapahoe, National Association | FirstBank of Boulder |
| Dec 9, 1991 | FirstBank of Table Mesa, National Association | FirstBank of Boulder |
| Dec 9, 1991 | FirstBank of Edgewater, National Association | FirstBank of Wheat Ridge |
| Dec 9, 1991 | FirstBank at 9th/Corona, National Association | FirstBank of Denver |
| Dec 9, 1991 | FirstBank at Chambers/Mississippi, National Association | FirstBank of Aurora |
| Dec 9, 1991 | FirstBank at Buckley/Quincy, National Association | FirstBank of Aurora |
| Dec 9, 1991 | FirstBank of Green Mountain, National Association | FirstBank of Lakewood |
| Dec 9, 1991 | Boatmen's Mountain Grove National Bank | Boatmen's Bank of Southern Missouri |
| Dec 9, 1991 | Rock Falls National Bank | Mercantile Bank of Sterling-Rock Falls National Association |
| Dec 9, 1991 | (unnamed) | FirstBank of Longmont, National Association |
| Dec 9, 1991 | Kaw Valley Bank | Firstar Bank, National Association |
| Dec 9, 1991 | FirstBank at Arapahoe/Yosemite | FirstBank of Arapahoe County |
| Dec 7, 1991 | Founders National Bank | Landmark Bank |
| Dec 7, 1991 | Bank One, Wapakoneta, National Association | Bank One, Lima, National Association |
| Dec 7, 1991 | The Durham State Bank | Central National Bank Marion County |
| Dec 7, 1991 | London State Bank | Sterling State Bank |
| Dec 6, 1991 | Arlington State Bank | Bank of North Texas, National Association |
| Dec 6, 1991 | Bank of North Texas | Bank of North Texas, National Association |
| Dec 6, 1991 | Grange Co-Op Federal Credit Union | Pioneer Federal Credit Union |
| Dec 6, 1991 | Nabisco Houston Federal Credit Union | Primeway Federal Credit Union |
| Dec 5, 1991 | Griffith Consumers Employees Federal Credit Union | Educational Systems Federal Credit Union |
| Dec 2, 1991 | Cumberland Financial Services, Incorporated | Firstar Corporation of Wisconsin |
| Dec 2, 1991 | Battle Creek Enquirer Credit Union | Omni Community Credit Union |
| Dec 2, 1991 | Veterans Administration Medical Center Columbia Federal Credit Union | Allsouth Federal Credit Union |
| Dec 2, 1991 | Town & County Credit Union | First Community Credit Union |
| Dec 2, 1991 | Greater Baltimore Merchants Employees Credit Union | Securityplus Federal Credit Union |
| Dec 2, 1991 | Old National Bancshares, Inc. | Mercantile Bancorporation Incorporated of Illinois |
| Dec 1, 1991 | Arkansas State University Federal Credit Union | Success Federal Credit Union |
| Dec 1, 1991 | Norden Employees Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Dec 1, 1991 | Pioneer Bank of Evanston | The Equality State Bank |
| Dec 1, 1991 | Aliant Bank for Savings, F.S.B. | Aliant Bank |
| Dec 1, 1991 | Central Life Empl Cu | Floridacentral Credit Union |
| Dec 1, 1991 | Guarantee Mutual Credit Union | Centris Federal Credit Union |
| Dec 1, 1991 | Swayne Robinson Employees Federal Credit Union | Wufface Federal Credit Union |
| Dec 1, 1991 | Eclipse Employees Federal Credit Union | Rock Valley Credit Union |
| Dec 1, 1991 | Saint Bartholomew Parish Credit Union | Motor City Co-Op Credit Union |
| Dec 1, 1991 | Workmens Circle Credit Union | Ideal Credit Union |
| Nov 30, 1991 | United Missouri Bank of Paris | UMB Bank, Northeast |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Stephen |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Stephen |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Stephen |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Ira Lee |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Ira Lee |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, Ira Lee |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, David |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, David |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brannan, David |
| Dec 3, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Freedom Bank, N.A. |
| Dec 3, 1991 | OCC | City National Bank of Cedar Rapids | Formal Agreement: City National Bank Of Cedar Rapids |
| Dec 3, 1991 | OCC | (individual) | Civil Money Penalty (CMP): Ward, Henry |
| Dec 2, 1991 | OCC_OTS | Wawel Savings and Loan Association | Supervisory Agreement: Wawel Savings Bank, SLA |
| Nov 27, 1991 | OCC_OTS | St Anthony Bank, A FSB | Supervisory Agreement: St. Anthony Bank a FSB |
| Nov 26, 1991 | FRB | Farmers Bancorp Inc. | Cease and Desist Order: Farmers Bank and Trust Company and Farmers Bancorp, Inc., Blytheville, … |
| Nov 26, 1991 | OCC | Anderson National Bank | Formal Agreement: Anderson National Bank |
| Nov 26, 1991 | OCC_OTS | (individual) | Supervisory Agreement: Citizens Savings Bank, FSB |
| Nov 26, 1991 | FRB | First New York Bank for Business | Written Agreement: First New York Bank for Business Corp., New York, NY |
| Nov 25, 1991 | OCC_OTS | Tuskegee Savings and Loan Association, Federal Association | Civil Money Penalty: James T. Braye |
| Nov 25, 1991 | FRB | (individual) | Written Agreement: Joseph A. Ferrante |
| Nov 25, 1991 | OCC | The Columbian Bank and Trust Company | Formal Agreement: The Columbian National Bank And Trust Company |
| Nov 25, 1991 | OCC_OTS | Partners Savings Bank | Cease and Desist: Partners Savings Bank |
| Nov 25, 1991 | FRB | (individual) | Written Agreement: Presidential Holdings, Inc., Bourbonnais, IL |
| Nov 25, 1991 | FRB | (individual) | Written Agreement: Anthony J. Unruh |
| Nov 25, 1991 | FRB | (individual) | Written Agreement: James E. Malecha |
| Nov 22, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: John W. Waldvogel |
| Nov 22, 1991 | OCC | County National Bank of South Florida | Formal Agreement: County National Bank Of South Florida |
| Nov 22, 1991 | OCC | First Western Bank, N.A. | Formal Agreement: First Western Bank N.A. |
| Nov 21, 1991 | OCC_OTS | Secure Holdings, Inc. | Orders of Removal/Prohibition: Jess Mancha |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: John C. Chapman |
| Nov 21, 1991 | OCC_OTS | United Savings Bank of Wyoming, FSB | Orders of Removal/Prohibition: Vincent Ella |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: William A. Jimmerson |
| Nov 21, 1991 | OCC_OTS | Lufkin Federal Savings and Loan Association | Cease and Desist: Lufkin Savings and Loan Association |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings Association | Civil Money Penalty: J. D. Shows |
| Nov 21, 1991 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Farmers National Bank |
| Nov 21, 1991 | OCC | Kansas National Bank and Trust Company | Formal Agreement: Kansas National Bank And Trust Company |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings Association | Civil Money Penalty: John C. Chapman |
| Nov 21, 1991 | OCC_OTS | (individual) | Civil Money Penalty: William A. Jimmerson |
| Nov 21, 1991 | OCC_OTS | (individual) | Civil Money Penalty: William D. Holder |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: Edgerton L. Henry |
| Nov 21, 1991 | OCC_OTS | Wichita Federal Savings and Loan Association | Orders of Removal/Prohibition: Gale D. Black |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: Marion J. Smith |
| Nov 21, 1991 | OCC_OTS | Sulphur Springs Loan and Building Association | Supervisory Agreement: Sulphur Springs Loan and Building Association |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: William D. Holder |
| Nov 21, 1991 | OCC_OTS | Jonesboro Federal Savings and Loan Association | Orders of Removal/Prohibition: J. D. Shows |
| Nov 21, 1991 | OCC_OTS | UNICO Bank, Federal Savings Bank | Supervisory Agreement: Unico Bank, FSB |
| Nov 20, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Jeffrey C. Smith |
| Nov 20, 1991 | OCC_OTS | Winter Hill Bank, FSB | Orders of Removal/Prohibition: Leroy H. Keihn |
| Nov 20, 1991 | OCC_OTS | The Cheviot Building and Loan Company | Supervisory Agreement: The Cheviot Building and Loan company |
| Nov 19, 1991 | FRB | Westport Bancorp, Inc. | Written Agreement: Westport Bancorp, Inc., Westport, CT |
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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