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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
Jan 25, 1991 Alvarado Bank Richmond, CA $33.5M Pacific Bay Bank
Jan 25, 1991 Coral S & La Coral Springs, FL $32.2M Bank of N. America-Broward
Jan 24, 1991 Metropolitan National Bank Farmers Branch, TX $97.3M Comerica Bank-Texas
Jan 22, 1991 American Bank, N.A. Rio Rancho, NM $20.7M United New Mexico Bank at a
Jan 18, 1991 Irving Savings & Loan Paterson, NJ $222.5M Hudson United Bank
Jan 18, 1991 Beach Federal Savings Assoc. Fountain Valley, CA $81.8M Queen City Bank, N.A.
Jan 11, 1991 Far West Savings & Loan Newport Beach, CA $3.71B Branch sale
Jan 11, 1991 Malibu SB Costa Mesa, CA $139.1M Brentwood Bank of CA
Jan 11, 1991 Community National Bank Glastonbury, CT $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford, CT $17.4M Bank of Boston CT/Bboc
Jan 6, 1991 Bank of New England, National Assoc Boston, MA $13.43B New Bank of New England, N.A.
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford, CT $7.21B New Connecticut Bank & Trus
Jan 6, 1991 Maine National Bank Portland, ME $1.05B New Maine National Bank
Jan 4, 1991 First FS & La of Pittsburg Pittsburgh, PA $3.09B PNC Interim FSB
Jan 4, 1991 Fulton Federal Savings Bank Atlanta, GA $2.02B Branch sale
Jan 4, 1991 First Federal Savings & Loan San Antonio, TX $638.6M First FSB
Jan 4, 1991 Trident Federal S & L Assoc. Newark, NJ $47.2M Collective FSB
Jan 4, 1991 Royal Oak FS & La Randallstown, MD $27.3M Royal Oak SB, FSB

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
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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