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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
Sep 27, 1991 First Federal Savings Beaumont, TX $251.2M Kilgore FS&LA
Sep 27, 1991 Eastern FS & La of Sayville Sayville, NY $249.5M Bayside FSB
Sep 27, 1991 Nutley Savings & Loan Nutley, NJ $188.6M Valley NB
Sep 27, 1991 Plymouth FSA Plymouth, MA $174.7M Branch sale
Sep 27, 1991 Home FS & La of Harlan Harlan, IA $91.4M Conservative SB FSB
Sep 27, 1991 Midcounty Bank and Trust Company Norwood, MA $62.1M Dedham Institution for Savi
Sep 27, 1991 Gold River SB Fair Oaks, CA $24.1M El Dorado SB
Sep 20, 1991 Bank Five for Savings Arlington, MA $386.6M Cambridge Savings Bank
Sep 20, 1991 Mid-Jersey National Bank Somerville, NJ $29.5M United Jersey Bank/Central
Sep 19, 1991 Southeast Bank, N.A. Miami, FL $11.03B First Union National Bank O
Sep 19, 1991 Abraham Lincoln FSA Dresher, PA $189.1M Branch sale
Sep 19, 1991 Southeast Bank of West Florida Pensacola, FL $97.3M First Union National Bank O
Sep 13, 1991 Davy Crockett FS & La Crockett, TX $50.5M Deposit payout
Sep 13, 1991 Evergreen FS & La Charleston, WV $40.3M Merchants NB of Montgomery
Sep 13, 1991 Valley Bank White River Junction, VT $33.7M Vermont National Bank
Sep 6, 1991 United Home Federal Toledo, OH $443.4M Standard FB
Sep 6, 1991 Suffield Bank Suffield, CT $294.8M First Federal Bank, FSB
Sep 6, 1991 Heartland S & La La Mesa, CA $121.7M Union Bank
Sep 6, 1991 Bay FSB West Palm Beach, FL $58.1M Fidelity FSB of FL
Sep 6, 1991 The Family Bank and Trust Allenstown, NH $46.7M The Valley Bank
Aug 30, 1991 Future Federal Savings Bank Louisville, KY $422.3M Citizens Fidelity B&T
Aug 30, 1991 Lowell Institution for Savings Lowell, MA $386.4M The Family Mutual Savings B
Aug 30, 1991 Homestead FSA Middletown, PA $223.2M Farmers Trust Co.
Aug 30, 1991 Hilton Head Bank & Trust Company Hilton Head Island, SC $64.6M The Anchor Bank
Aug 30, 1991 Hillsborough Bank and Trust Co Milford, NH $49.9M Peterborough Savings Bank
Aug 30, 1991 United FSB Prestonsburg, KY $39.9M Pikeville NB&TC
Aug 29, 1991 First National Bank and Trust Co Blackwell, OK $33.5M Central National Bank & Tru
Aug 29, 1991 The San Saba National Bank San Saba, TX $15.6M First Llano Bank
Aug 23, 1991 Merchants & Mechanics FSB Springfield, OH $209.9M Banc One FSB
Aug 23, 1991 First FS & La Mt. Vernon, OH $73.1M First FS&LA of Wooster
Aug 23, 1991 New Age FSA St. Louis, MO $9.2M Commerce Bank of St. Louis
Aug 22, 1991 Buchel Bank & Trust Co. Cuero, TX $25.0M First Bank
Aug 22, 1991 First Mexia Bank Mexia, TX $22.5M The East Texas National Ban
Aug 16, 1991 First American FSB Tucson, AZ $145.0M State SB, FSB
Aug 16, 1991 Northwest National Bank Fayetteville, AR $29.4M Citizens Bank of Northwest
Aug 16, 1991 Enfield National Bank Enfield, CT $19.0M Savings Institute
Aug 16, 1991 Centre Sa, F.A. Arlington, TX $15.2M American FB, FSB
Aug 9, 1991 Great American FSA San Diego, CA $9.52B Branch sale
Aug 9, 1991 Citytrust Bridgeport, CT $1.92B Chase Manhattan Bank of Con
Aug 9, 1991 Mechanics and Farmers Savings Bank Bridgeport, CT $1.08B Chase Manhattan Bank of Con
Aug 9, 1991 Larchmont FS & La Larchmont, NY $123.8M Peoples Westchester SB
Aug 9, 1991 Bank of South Palm Beaches Hypoluxo, FL $61.3M 1st United Bank
Aug 9, 1991 First FS & La of Thief River Falls Thief River Falls, MN $54.6M No. State BK of Thief Riv.
Aug 9, 1991 Southcoast Bank Corporation West Palm Beach, FL $26.1M —
Aug 2, 1991 Standard FS & La Columbia, SC $319.7M NB of South Carolina
Aug 2, 1991 Coral Coast FSB Boynton Beach, FL $61.2M Mackinac SB, FSB
Jul 26, 1991 Atlantic Financial FSB San Francisco, CA $448.9M Branch sale
Jul 26, 1991 Suburban National Bank Hillsborough TWNS, NJ $91.1M Provident Savings Bank
Jul 26, 1991 The Housatonic Bank & Trust Co Ansonia, CT $69.1M Shelton Savings Bank
Jul 26, 1991 Westland FS & La Rawlins, WY $31.8M Rawlins NB

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 1, 1991 Progressive Federal Savings Bank MO Progressive Ozark Bank
Nov 1, 1991 First State Bank of Lyman WY The Equality State Bank
Nov 1, 1991 News Corporation Employees Credit Union MO Postal & Community Credit Union
Oct 31, 1991 Olin Employees Credit Union of Joliet IL Tech Credit Union
Oct 31, 1991 Kemba Little Rock Credit Union AR Kemba Delta Federal Credit Union
Oct 30, 1991 Indian Head Mortgage Corp. NH Fleet Bank-NH
Oct 30, 1991 Fleet/Norstar Services-NH, Corporation NH Fleet Bank-NH
Oct 30, 1991 Indian Head Bank Services Corporation NH Fleet Bank-NH
Oct 30, 1991 Jeffrey Employees Credit Union, Inc. OH Wright-Patt Credit Union, Inc.
Oct 28, 1991 FirstBank of Minturn CO FirstBank of Vail
Oct 28, 1991 Manufacturers Bank of Lansing MI Manufacturers Bank, National Association
Oct 28, 1991 FirstBank of Beaver Creek, National Association CO FirstBank of Avon
Oct 28, 1991 Manufacturers National Bank of Grand Rapids MI Manufacturers Bank, National Association
Oct 28, 1991 Ponce Metropolitan Federal Credit Union PR Borinquen Sur Federal Credit Union
Oct 28, 1991 FirstBank of West Vail CO FirstBank of Vail
Oct 28, 1991 United Illinois Bank of New Athens IL Central Bank
Oct 26, 1991 Century Bank at Broadway CO Century Bank
Oct 26, 1991 Callaway Gardens Credit Association Credit Union GA Five Star Credit Union
Oct 26, 1991 Heritage Bank of Oak Lawn IL Heritage Bank
Oct 26, 1991 Heritage Bank Crestwood IL Heritage Bank
Oct 26, 1991 Columbia National Bank-Belmont IL Columbia National Bank of Chicago
Oct 26, 1991 (unnamed) — Heritage Bank
Oct 25, 1991 Sioux Quality Credit Union IA Telco Triad Community Credit Union
Oct 24, 1991 BayBank First Easthampton, N.A. MA BayBank, National Association
Oct 24, 1991 BayBank Harvard Trust Company MA BayBank, National Association
Oct 24, 1991 BayBank South MA BayBank, National Association
Oct 24, 1991 BayBank Valley Trust Company MA BayBank, National Association
Oct 23, 1991 Americorp, Inc. OK Ameribank Corporation
Oct 23, 1991 Randolph County FS&LA GA First State Bank & Trust Company
Oct 21, 1991 MCS Employees Credit Union, Inc. OH The Ohio Educational Credit Union, Inc.
Oct 19, 1991 Hannibal Mutual Loan and Building Association MO Roosevelt Bank
Oct 18, 1991 Boatmen's National Bank of Richmond MO Boatmen's River Valley Bank
Oct 18, 1991 Exchange Bank of Schmidt & Koester KS Gold Bank
Oct 12, 1991 First Community Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Aurora CO First Community Industrial Bank
Oct 12, 1991 The State Bank of Kirkland IL The Belvidere National Bank and Trust Company
Oct 12, 1991 U.S. Shoe Employees Federal Credit Union IN Members Trust Federal Credit Union
Oct 12, 1991 First Community Industrial Bank of Longmont CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Arvada CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Littleton CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Fort Collins CO First Community Industrial Bank
Oct 11, 1991 First National Bank TX Team Bank
Oct 10, 1991 Bank of Speedwell, Inc. VA Premier Bank-South, National Association
Oct 9, 1991 Milton Tri-County Bank WV Huntington Bank Huntington National Association
Oct 8, 1991 Scott Methodist Credit Union MI Credit Union One
Oct 7, 1991 Basf Fibers Employees Federal Credit Union VA 1st Advantage Federal Credit Union
Oct 7, 1991 Widmer Bancshares, Inc. MO Widmer Bancshares, Inc.
Oct 5, 1991 Bank of San Clemente CA Eldorado Bank

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date Agency Institution Action
Nov 19, 1991 FRB RHNB Corporation Written Agreement: RHNB Corporation, Rock Hill, SC
Nov 19, 1991 OCC Steel Valley Bank, N.A. Formal Agreement: First National Bank at Dillonvale
Nov 19, 1991 OCC_OTS Middlesboro Federal Bank, Federal Savings Bank Supervisory Agreement: Middlesboro Federal Bank, FSB
Nov 19, 1991 OCC_OTS First Robinson Savings Bank, N.A. Supervisory Agreement: First Robinson Savings and Loan, F.A.
Nov 18, 1991 OCC_OTS First Republic Federal Savings Bank FSB Supervisory Agreement: First Republic Savings Bank FSB
Nov 18, 1991 OCC First National Agency, Inc. of Cold Spring Civil Money Penalty (CMP): Heitzman, Glenn
Nov 18, 1991 OCC First National Agency, Inc. of Cold Spring Civil Money Penalty (CMP): Minnerath, Alfred
Nov 18, 1991 OCC_OTS Charter Federal Savings Bank Supervisory Agreement: Charter Federal Savings Bank, FSB
Nov 18, 1991 OCC First National Agency, Inc. of Cold Spring Civil Money Penalty (CMP): Randall, Dwight
Nov 18, 1991 OCC_OTS The Caldwell Savings and Loan Company Supervisory Agreement: The Caldwell Savings and Loan Company
Nov 18, 1991 OCC First National Agency, Inc. of Cold Spring Civil Money Penalty (CMP): Stein, F.E.
Nov 18, 1991 OCC First National Agency, Inc. of Cold Spring Civil Money Penalty (CMP): Stein, Victor
Nov 14, 1991 OCC_OTS Jonesboro Federal Savings and Loan Association Orders of Removal/Prohibition: J. Ross Pullin
Nov 13, 1991 OCC Farmers National Bank of Griggsville Formal Agreement: Farmers National Bank Of Griggsville
Nov 13, 1991 OCC_OTS American Federal Savings Bank of Duval County Supervisory Agreement: American Federal Savings Bank of Duval County
Nov 12, 1991 OCC Farmers National Bank of Sussex Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Bank Of Sussex County
Nov 12, 1991 OCC_OTS (individual) Supervisory Agreement: The Federal Savings Bank
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: William P. Slattery, Jr.
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Thomas P. McGrath
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Richard G. Landry
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Ralph M. Nardone
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Mark D. Reed
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Margaret A. Geraghty
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: John G Maguire
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Alexander R. Ferzoco
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Alexander F. Thomas
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Albert L. Andrews, Jr.
Nov 12, 1991 OCC_OTS Hyde Park Co-operative Bank Civil Money Penalty: Hyde Park Co-Operative Bank
Nov 12, 1991 OCC_OTS (individual) Cease and Desist: Walter C. Schwartz
Nov 12, 1991 OCC Modern Bank, N.A. Formal Agreement: Union Chelsea National Bank
Nov 8, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Lesal Waller
Nov 8, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Lesal Waller
Nov 8, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Civil Money Penalty: Lesal Waller
Nov 7, 1991 FRB Community Bank and Trust Company of Virginia Civil Money Penalty $2,500: Michael M. Vlahos
Nov 7, 1991 FRB Community Bank and Trust Company of Virginia Civil Money Penalty $2,500: Leslie Peters
Nov 7, 1991 OCC_OTS First Standard Federal Savings Association Orders of Removal/Prohibition: Donald R. Downs
Nov 6, 1991 OCC_OTS Dollar Bank, Federal Savings Bank Cease and Desist: Dollar Bank, F.S.B.
Nov 6, 1991 OCC_OTS Colorado Springs Savings and Loan Association Supervisory Agreement: Colorado Springs Savings and Loan Association
Nov 6, 1991 OCC_OTS The Liberty Savings and Loan Association Supervisory Agreement: The Liberty Savings and Loan Association
Nov 6, 1991 OCC The First National Bank of Henderson Formal Agreement: First National Bank of Henderson, The
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Clarence Keels
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Cease and Desist: Albert Brewer, III
Nov 5, 1991 OCC_OTS (individual) Civil Money Penalty: John H. Allen
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: A. L. Dowell
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Albert Brewer III
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Willie Josey
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: John H. Allen
Nov 5, 1991 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Ben Childress
Nov 4, 1991 OCC_OTS Colorado Savings Bank, F.S.B. of Grand County Supervisory Agreement: Colorado Savings Bank, F.S.B. of Grand County
Nov 1, 1991 OCC The Rushville National Bank Civil Money Penalty (CMP): Abercrombie, Manley

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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