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
Jul 25, 1991	The Kerens Bank	Kerens, TX	$19.5M	Cedar Creek Bank
Jul 19, 1991	Pontchartrain State Bank	Metairie, LA	$140.0M	First National Bank of Comm
Jul 19, 1991	Cooperative FSB	Westmont, IL	$74.9M	Heritage Glenwood Bank
Jul 19, 1991	Community Guardian Bank	Elmwood Park, NJ	$55.3M	Interchange State Bank
Jul 19, 1991	Clinton S & La	Clinton, OK	$22.2M	Local Federal Bank, FSB
Jul 19, 1991	New Metropolitan FSB	Hialeah, FL	$18.4M	Desjardins FSB
Jul 12, 1991	Pan American FSB	San Mateo, CA	$287.2M	Pan American Bank, FSB
Jul 12, 1991	Danburry Savings & Loan	Danbury, CT	$270.2M	Bristol FSB
Jul 12, 1991	Monycor Savings Bank	Barron, WI	$151.7M	Branch sale
Jul 12, 1991	Fidelity FS & La	Austin, TX	$67.0M	Deposit payout
Jul 12, 1991	Dripping Springs National Bank	Dripping Springs, TX	$20.2M	Texas Bank
Jul 12, 1991	Landmark Thrift and Loan Association	San Diego, CA	$16.6M	—
Jul 9, 1991	Surety FS & La	Morganton, NC	$224.8M	First Citizens B&TC
Jun 28, 1991	First Mutual Bank for Savings	Boston, MA	$1.13B	First National Bank of Bost
Jun 28, 1991	Metrobank FS & La	Palisades Park, NJ	$474.3M	First FSB of DE
Jun 28, 1991	United FS & La	Jonesboro, AR	$142.5M	Branch sale
Jun 21, 1991	Guardian FSA	Huntington Beach, CA	$682.1M	Home Savings of America, FS
Jun 21, 1991	Beacon Co-Operative Bank	Boston, MA	$31.8M	Grove Bank
Jun 14, 1991	Springfield Fsla	Springfield, PA	$97.5M	Germantown SB
Jun 14, 1991	First Commerce SB, FSB	Lowell, IN	$10.9M	Centier Bank
Jun 13, 1991	The Bank of Horton	Horton, KS	$167.3M	Kansas State Bank
Jun 13, 1991	Tascosa National Bank of Amarillo	Amarillo, TX	$73.9M	Team Bank
Jun 13, 1991	Peoples Bank	Hewitt, TX	$17.3M	The National Bank of Gatesv
Jun 13, 1991	Texas Premier Bank of Victoria, National a	Victoria, TX	$15.4M	Victoria Bank and Trust Com
Jun 7, 1991	Dryades S & La	New Orleans, LA	$262.3M	Dryades SB, FSB
Jun 7, 1991	Woburn Five Cents Savings Bank	Woburn, MA	$247.2M	Sterling Bank
Jun 6, 1991	Northwest Bank, N.A.	San Antonio, TX	$7.2M	Valley-Hi National Bank of
May 31, 1991	Goldome	Buffalo, NY	$9.89B	Key Bank of Western New Yor
May 31, 1991	Goldome FSB	St. Petersburg, FL	$1.48B	First of America Bank/FL, F
May 31, 1991	Merabank Texas	El Paso, TX	$1.16B	Branch sale
May 31, 1991	University Bank, N.A.	Newton, MA	$318.8M	Sterling Bank
May 31, 1991	Westerleigh Savings	Staten Island, NY	$147.8M	Branch sale
May 31, 1991	United FS & La	Smyrna, GA	$119.3M	Branch sale
May 31, 1991	Burleson County Savings Assoc.	Caldwell, TX	$31.5M	Citizens State Bank
May 31, 1991	Enterprise S&LA	Compton, CA	$13.5M	Family SB, FSB
May 24, 1991	Progressive Savings Bank	Pasadena, CA	$388.3M	Branch sale
May 24, 1991	Florida State Bank	Holiday, FL	$87.4M	Orange Bank
May 24, 1991	First Security Bank	Roanoke, VA	$15.9M	First Century Bank
May 23, 1991	Far West FSB	Portland, OR	$2.07B	Branch sale
May 23, 1991	Liberty National Bank	Lovington, NM	$51.4M	Western Commerce Bank
May 22, 1991	The First National Bank of Toms River	Toms River, NJ	$1.42B	First Fidelity Bank, Nation
May 17, 1991	Altus FSB	Mobile, AL	$1.97B	Branch sale
May 17, 1991	The Cosmopolitan National Bank of Chicago	Chicago, IL	$110.1M	Cosmopolitan Bank and Trust
May 17, 1991	First City Bank	New Orleans, LA	$56.1M	First Bank and Trust
May 17, 1991	Ludington FSB	Ludington, MI	$34.2M	Northwestern SB&T
May 16, 1991	Capital Bank	Dallas, TX	$111.6M	Bank One, Texas, National a
May 16, 1991	First National Bank of Cedar Hill	Cedar Hill, TX	$11.0M	First State Bank
May 10, 1991	Madison National Bank	Washington, DC	$473.8M	Signet Bank, National Assoc
May 10, 1991	Madison National Bank of Virginia	McLean, VA	$174.2M	Signet Bank - Virginia
May 10, 1991	First FSA of Newton	Newton, KS	$125.6M	Central NB-Newton

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
Nov 30, 1991	Nixa Bank	MO	Central Bank of The Ozarks
Nov 30, 1991	Cresta Blanca Federal Credit Union	CA	Uncle Credit Union
Nov 29, 1991	Community First North Dakota Bankshares, Inc.	ND	Community First Bankshares, Inc.
Nov 25, 1991	Luray Bankshares, Inc.	KS	The Peoples State Bank of Luray, Kansas
Nov 25, 1991	Placer Bancorporation	CA	Placer Bank of Commerce
Nov 25, 1991	The Fifth Third Bank of Western Ohio, National Association	OH	(unnamed)
Nov 23, 1991	The First National Bank of Geary	OK	The Peoples National Bank
Nov 23, 1991	American Bank	OK	American Heritage Bank
Nov 22, 1991	Ensley Neighborhood Federal Credit Union	AL	Americas First Federal Credit Union
Nov 22, 1991	U. S. Bank of Utah	UT	U.S. Bank, N.A.
Nov 18, 1991	(unnamed)	—	First Southern National Bank
Nov 16, 1991	Citizens Bank of Tolono	IL	Busey Bank
Nov 16, 1991	Albemarle Savings and Loan Association	NC	Truist Bank
Nov 16, 1991	Bank of Urbana	IL	Busey Bank
Nov 16, 1991	Community Bank of Mahomet	IL	Busey Bank
Nov 16, 1991	Northern Trust Bank of Florida/Naples National Association	FL	Northern Trust, National Association
Nov 15, 1991	The Maplewood Bank and Trust Company	NJ	Summit Bank
Nov 15, 1991	(unnamed)	—	Summit Bank
Nov 15, 1991	The Trust Company of Princeton	NJ	Summit Bank
Nov 15, 1991	Affiliated National Bank - Westlake	CO	Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991	The Miners' First National Bank & Trust Company of Ishpeming	MI	Wells Fargo Bank Michigan, National Association
Nov 10, 1991	Homewood Federal Savings and Loan Association	IL	Advance Bank
Nov 9, 1991	The Fifth Third Bank of Northwestern Ohio, National Association	OH	Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991	(unnamed)	—	Integra Bank/North
Nov 8, 1991	First Seneca Bank	PA	Integra Bank/North
Nov 7, 1991	The Citizens Bank of Newton County	GA	First Nation Bank
Nov 2, 1991	65 Realty Corp.	PA	Lehigh Valley Bank
Nov 2, 1991	Third Company	PA	Third National Bank and Trust Company of Scranton
Nov 2, 1991	BCB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	NBD Delaware Bank	DE	NBD Bank, National Association
Nov 1, 1991	C H and F Employees Credit Union	IL	Access Credit Union
Nov 1, 1991	TMB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	First Osmond Corporation	NE	First Laurel Security Co.
Nov 1, 1991	Complete Atlanta Fcu	GA	Fidelity Federal Credit Union
Nov 1, 1991	Sanilac County Teachers Credit Union	MI	Team One Credit Union
Nov 1, 1991	San Ignacio Credit Union	NM	Rio Grande Credit Union
Nov 1, 1991	Chickasawba Teachers Federal Credit Union	AR	Success Federal Credit Union
Nov 1, 1991	Old Colony Trust Company of South Carolina, National Association	SC	NCNB National Bank of South Carolina
Nov 1, 1991	West One Bank, King County	WA	West One Bank, Washington
Nov 1, 1991	First of America Bank-Muskegon	MI	First of America Bank-West Michigan, National Association
Nov 1, 1991	Economist Newspapers Federal Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1991	West One Bank, Spokane	WA	West One Bank, Washington
Nov 1, 1991	Lighthouse Community Credit Union	ME	Town & Country Federal Credit Union
Nov 1, 1991	National Security, a Federal Bank for Savings	IL	Bell Federal Savings and Loan Association
Nov 1, 1991	First National Bank of Temple - South	TX	Extraco Banks, N.A.
Nov 1, 1991	Summit County Bank	CO	The Bank, National Association
Nov 1, 1991	The Bank of Fairplay	CO	The Bank, National Association
Nov 1, 1991	Fed Empl Cu	GA	Center Parc Credit Union
Nov 1, 1991	First Fidelity Trust, National Association, Florida	FL	NBD Trust Company of Florida, National Association
Nov 1, 1991	Landis and GYR Powers Employees Credit Union	IL	Great Lakes Credit Union

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	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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