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
Mar 22, 1991	Citizens Security Bank	Borger, TX	$34.1M	Amarillo NB
Mar 22, 1991	Republic SB, FSB	Rockville, MD	$26.4M	First FSB of DE
Mar 21, 1991	Sabinal Bank	Sabinal, TX	$24.8M	—
Mar 21, 1991	Citadel Bank	Willis, TX	$21.9M	Tomball National Bank
Mar 15, 1991	Amerifirst Federal Savings	Miami, FL	$3.58B	Great Western Bank, FSB
Mar 15, 1991	Home Savings Association	Kansas City, MO	$2.94B	Branch sale
Mar 15, 1991	Bell Federal Savings	Upper Darby, PA	$850.6M	Meridian Bank
Mar 15, 1991	The Blackstone Bank and Trust Co	Boston, MA	$49.3M	Baybank Boston, N.A.
Mar 15, 1991	Arcanium FSA	Arcanum, OH	$45.4M	Second NB
Mar 15, 1991	Sovereign SB	Palm Harbor, FL	$38.9M	Fifth Third SB, FSB
Mar 14, 1991	Coolidge Corner Co-Operative Bank	Brookline, MA	$83.7M	Brookline Savings Bank
Mar 14, 1991	Crossroads Bank	Victoria, TX	$22.4M	Victoria Bank & Trust Compa
Mar 8, 1991	Jefferson Federal Sa	Birmingham, AL	$666.5M	Branch sale
Mar 8, 1991	Beacon Federal Savings	Baldwin, NY	$406.0M	North Side SB
Mar 8, 1991	Preffered Savings and Loan	High Point, NC	$224.5M	Southern NB of NC
Mar 8, 1991	Alexander Hamilton	Paterson, NJ	$210.7M	First Fidelity Bank, N.A.
Mar 8, 1991	First Citizens Sla	Fort Pierce, FL	$200.5M	Riverside NB
Mar 8, 1991	First FSB	Huron, SD	$51.9M	Branch sale
Mar 8, 1991	First FSA of Wewoka	Wewoka, OK	$32.9M	First State Bank
Mar 8, 1991	Manilabank	Los Angeles, CA	$20.8M	Ust California, National As
Mar 8, 1991	First Marine Bank of Florida	Palm City, FL	$17.2M	1st United Bank
Mar 8, 1991	Seafirst Bank	Port St. Lucie, FL	$11.5M	Riverside National Bank of
Mar 1, 1991	Amerified Savings Bank	Lawrenceville, NJ	$110.6M	Branch sale
Mar 1, 1991	Peoples Federal S & L Assoc.	New Kensington, PA	$107.6M	Johnstown B&TC
Feb 28, 1991	United Citizens Bank, National Assoc	College Station, TX	$44.9M	First American Bank
Feb 22, 1991	Hollywood FSB	Hollywood, FL	$1.53B	First Union NB of FL
Feb 22, 1991	The McKinley Bank	Niles, OH	$70.6M	The Dollar Savings & Trust
Feb 22, 1991	First FS & La	Dallas, GA	$37.5M	Etowah Bank
Feb 21, 1991	Southwest National Bank	Albuquerque, NM	$37.2M	The Bank of New Mexico, SPR
Feb 20, 1991	First Northern Coop	Keene, NH	$114.6M	Granite Bank
Feb 14, 1991	Merchants Trust & Savings Bank	Kenner, LA	$43.8M	First American Bank and Tru
Feb 14, 1991	The First National Bank of Worth	Wortham, TX	$7.3M	Farmers State Bank
Feb 8, 1991	Unity FS & La	Beverly Hills, CA	$454.5M	Branch sale
Feb 8, 1991	First Jersey S & La Assoc.	Wyckoff, NJ	$287.7M	Valley NB
Feb 8, 1991	Family S & La	Seattle, WA	$99.6M	Puget Sound NB
Feb 8, 1991	Peoples Federal Savings Bank	Bay St. Louis, MS	$59.7M	Hancock Bank
Feb 8, 1991	First FSA of Waynesboro	Waynesboro, TN	$18.2M	Wayne County Bank
Feb 7, 1991	Lockhart State Bank	Lockhart, TX	$24.3M	Omnibank, National Associat
Feb 7, 1991	First National Bank in Kaufman	Kaufman, TX	$20.4M	The Farmers & Merchants Nat
Feb 1, 1991	Coreast FSB	Richmond, VA	$1.21B	Branch sale
Feb 1, 1991	Maine Savings Bank	Portland, ME	$1.18B	Fleet Bank of Maine
Feb 1, 1991	First Federal Savings of Toledo	Toledo, OH	$1.02B	First FSB
Feb 1, 1991	The Merchants Bank and Trust Co	Norwalk, CT	$269.9M	Union Trust Company
Feb 1, 1991	George Washington FSA	Jonesborough, TN	$14.6M	Home FS&LA of Upper E. TN
Jan 31, 1991	Bank of the Hills	Austin, TX	$255.1M	Team Bank
Jan 31, 1991	Rockport Bank, N.A.	Aransas County, TX	$17.8M	The Bank of Corpus Christi
Jan 29, 1991	Citizens National Bank and Trust	Chicago, IL	$18.8M	First Bank of Oak Park
Jan 25, 1991	Columbia Savings & Loan Assn.	Beverly Hills, CA	$5.36B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner, VA	$1.82B	Branch sale
Jan 25, 1991	Center S & La	Clifton, NJ	$132.6M	Hub Center Bank

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 27, 1991	Key Bank of Central New York, National Association	NY	KeyBank National Association
Jul 27, 1991	(unnamed)	—	The Bank of San Diego
Jul 27, 1991	The Oxford Bank	KS	Cornerbank
Jul 27, 1991	Key Bank of Western New York National Association	NY	KeyBank National Association
Jul 26, 1991	Roseville Bancorp, Inc.	MN	Midamerica Bancorporation, Inc.
Jul 26, 1991	Rea Employees Federal Credit Union	NC	Carolina Cooperative Federal Credit Union
Jul 25, 1991	Montrose M C Employees Federal Credit Union	PA	Penn East Federal Credit Union
Jul 24, 1991	Mount Calm Federal Credit Union	LA	Shreveport Federal Credit Union
Jul 23, 1991	First Federal Savings and Loan Association	WV	First Empire Federal Savings and Loan Association
Jul 23, 1991	McKinney Municipal Credit Union	TX	LegacyTexas Bank
Jul 22, 1991	The First National Bank in Dolton	IL	South Holland Trust & Savings Bank
Jul 22, 1991	First Dolton Corp.	IL	South Holland Bancorp, Inc.
Jul 20, 1991	First National Bank of Mt. Zion	IL	The First National Bank of Decatur
Jul 19, 1991	Mobile Radio Employees Credit Union	SC	Safe Federal Credit Union
Jul 19, 1991	Mid-South Bank & Trust Company	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Third Financial Services Incorporated	TN	SunTrust Bank, Nashville, National Association
Jul 19, 1991	Sequoyah State Bank of Muldrow	OK	Armstrong Bank
Jul 10, 1991	Battle Creek Bank	MN	MidAmerica Bank Maplewood
Jul 8, 1991	Syremp Credit Union, Inc.	OH	Tri-County Credit Union, Inc.
Jul 1, 1991	Firstar Hugo Bank	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	Ibew Local 270 Fcu	TN	Y-12 Federal Credit Union
Jul 1, 1991	Whitehall Leather Employees Credit Union	MI	Harborlight Credit Union
Jul 1, 1991	King-Lar Employees Credit Union	IL	Staley Credit Union
Jul 1, 1991	Wunda Weave Federal Credit Union	SC	Spero Financial Federal Credit Union
Jul 1, 1991	Lefebure Employees Credit Union	IA	Quaker Oats Employees Credit Union
Jul 1, 1991	First Wisconsin Bank of Waukesha	WI	Firstar Bank Milwaukee, National Association
Jul 1, 1991	First Interstate Bank of Laramie, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	First Interstate Bank of Riverton, National Association	WY	First Interstate Bank of Wyoming, National Association
Jul 1, 1991	FGL Empl Fcu	FL	Coastline Federal Credit Union
Jul 1, 1991	Alta Bates Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 1, 1991	Christian Tabernacle Federal Credit Union	OH	Steel Valley Federal Credit Union
Jul 1, 1991	Firstar Eagan Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	J F & Associates Credit Union	NH	Triangle Credit Union
Jul 1, 1991	Steel Products Employees Credit Union, Inc.	OH	Day Air Credit Union, Inc.
Jul 1, 1991	Uniflow Employees Federal Credit Union	PA	Tri State Rail Federal Credit Union
Jul 1, 1991	Firstar Stillwater Bank, National Association	MN	Firstar Bank of Minnesota, National Association
Jul 1, 1991	First Interstate Bank of Cresco, National Association	IA	Boatmen's Bank of North Iowa
Jul 1, 1991	Guardian Savings & Loan Association	NJ	Cape Bank
Jul 1, 1991	Elco Empl Fcu	PA	Blair County Federal Credit Union
Jul 1, 1991	Buena Vista Credit Union	CA	Tucoemas Federal Credit Union
Jul 1, 1991	General Fireproofing Employees Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Jul 1, 1991	(unnamed)	—	The First Citizens National Bank of Upper Sandusky
Jul 1, 1991	I.O.F. Norcal Federal Credit Union	CA	Allied Trades Credit Union
Jul 1, 1991	Aerostructures Empl Fcu	TN	Heritage Credit Union
Jul 1, 1991	Multibank National of Western Massachusetts	MA	MultiBank West
Jul 1, 1991	B C Financial Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1991	AMCORE Bank Carpentersville	IL	Amcore Bank National Association, Northwest
Jul 1, 1991	Cleveland-Jackson Sa Cu	TN	Tennessee Valley Federal Credit Union
Jul 1, 1991	Dynalectron Employees Federal Credit Union	VA	Money One Federal Credit Union
Jul 1, 1991	Nashville Kemba Fcu	TN	Ascend Federal 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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