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
Dec 20, 1991	North Ridge Bank	Oakland Park, FL	$94.3M	Intercontinental Bank
Dec 13, 1991	Investors FSB	Richmond, VA	$2.06B	Central Fidelity Bank
Dec 13, 1991	The Bank Mart	Bridgeport, CT	$578.2M	Gateway Bank
Dec 13, 1991	Merchants National Bank	Leominster, MA	$153.6M	Worcester County Institutio
Dec 13, 1991	Bank of East Hartford	East Hartford, CT	$36.6M	Bank of South Windsor
Dec 13, 1991	Federal Finance & Mortgage, LTD	Honolulu, HI	$7.7M	First Hawaiian Credit Corp
Dec 12, 1991	Granite Co-Operative Bank	Quincy, MA	$103.8M	South Boston Savings Bank
Dec 6, 1991	Saybrook Bank and Trust Company	Old Saybrook, CT	$77.3M	The New Haven Savings Bank
Nov 26, 1991	First National Bank of Miami	Miami, FL	$40.5M	Ready State Bank
Nov 22, 1991	White Horse FS & La	Trenton, NJ	$72.5M	Collective FSB
Nov 22, 1991	Chase Savings & Loan	Philadelphia, PA	$46.9M	United Bank of Philadelphia
Nov 22, 1991	Peoples FSA	Ottumwa, IA	$34.3M	South Ottumwa SB
Nov 22, 1991	Western FS & La	Clenview, IL	$33.2M	Devon Bank
Nov 15, 1991	Durham Trust Company	Durham, NH	$71.0M	Granite Bank
Nov 14, 1991	Connecticut Savings Bank	New Haven, CT	$1.04B	Centerbank
Nov 14, 1991	Worthington State Bank	Worthington, IN	$36.6M	First Farmers State Bank
Nov 14, 1991	Alvarado National Bank	Alvarado, TX	$9.2M	The First National Bank in
Nov 8, 1991	Cobb FSA	Marietta, GA	$83.2M	First Union NB of GA
Nov 8, 1991	Delta FSB	Westminster, CA	$52.4M	East-West FB, FSB
Nov 7, 1991	Community National Bank and Trust	New York, NY	$333.8M	Chemical Bank
Nov 1, 1991	Marine View FSB	Middletown, NJ	$119.2M	Summit Bank
Oct 31, 1991	Union Bank	San Antonio, TX	$84.9M	Channelview Bank
Oct 30, 1991	Bank of the South	Baton Rouge, LA	$31.8M	The First National Bank in
Oct 29, 1991	The Private Bank & Trust, Nation	Miami, FL	$4.3M	—
Oct 25, 1991	Coolidge Bank and Trust Company	Boston, MA	$321.2M	Pioneer Financial, a Cooper
Oct 25, 1991	First Hanover Bank	Wilmington, NC	$48.2M	Central Carolina Bank and T
Oct 25, 1991	The Citizens Bank of Pagosa Springs	Pagosa Springs, CO	$17.3M	Citizens Bank of Pagosa SPR
Oct 24, 1991	First National Bank, Bedford	Bedford, TX	$23.2M	First International Bank
Oct 18, 1991	Central Bank	Meriden, CT	$654.7M	Centerbank
Oct 18, 1991	Mission Valley Bank, National Assoc	San Clemente, CA	$42.7M	Mid City Bank, National Ass
Oct 18, 1991	Connecticut Valley Bank	Cromwell, CT	$28.4M	Midconn Bank
Oct 16, 1991	First FS & La	Pontiac, MI	$917.0M	Branch sale
Oct 16, 1991	Citizens FSA	Jacksonville, FL	$65.7M	Branch sale
Oct 13, 1991	Oaktree Federal Savings	New Orleans, LA	$2.21B	Branch sale
Oct 11, 1991	The First, Federal Association	Orlando, FL	$1.07B	Great Western Bank, FSB
Oct 11, 1991	First Federal Savings	Lubbock, TX	$223.7M	First NB of Lubbock
Oct 11, 1991	Life FSB	Clearwater, FL	$107.6M	Life SB, FSB
Oct 11, 1991	Iona Savings Bank	Tilton, NH	$31.2M	First Savings and Loan Asso
Oct 10, 1991	New Hampshire Savings Bank	Concord, NH	$1.17B	New Dartmouth Bank
Oct 10, 1991	Amoskeag Bank	Manchester, NH	$937.3M	First NH Bank
Oct 10, 1991	Dartmouth Bank	Manchester, NH	$877.2M	New Dartmouth Bank
Oct 10, 1991	Bankeast	Manchester, NH	$816.8M	First NH Bank
Oct 10, 1991	Numerica Savings Bank, FSB	Manchester, NH	$509.1M	New Dartmouth Bank
Oct 10, 1991	Nashua Trust Company	Nashua, NH	$425.1M	First NH Bank
Oct 10, 1991	Homebank FSA	Gilford, NH	$255.1M	Branch sale
Oct 10, 1991	Bank Meridian, N.A.	Hampton, NH	$109.4M	First NH Bank
Oct 3, 1991	Harbor National Bank of Connecticut	Branford, CT	$22.9M	The New Haven Savings Bank
Oct 3, 1991	Reagan State Bank	Big Lake, TX	$20.3M	Security State Bank
Sep 27, 1991	United Savings of America	Chicago, IL	$1.16B	First NB of Chicago
Sep 27, 1991	Santa Paula S & La	Santa Paula, CA	$280.7M	Bank of Levy

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
Aug 14, 1991	Theatre Crafts Federal Credit Union	TX	Texas Federal Credit Union
Aug 9, 1991	The Green Mountain Bank	VT	Green Mountain Bank
Aug 9, 1991	First Twin-State Bank	VT	Green Mountain Bank
Aug 7, 1991	Three Cities Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	Third Illinois Bancorp, Inc.	MO	First Bank
Aug 7, 1991	Second Illinois Bancorp, Inc.	MO	FB Corporation
Aug 7, 1991	C-Bancorp, Inc.	MO	FB Corporation
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 2, 1991	First American Bank	IL	First American Bank
Aug 1, 1991	First Wisconsin National Bank of Brookfield	WI	Firstar Bank Milwaukee, National Association
Aug 1, 1991	Mesa National Bank - Patterson	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Rifle	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Clifton	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Glenwood Springs	CO	Mesa National Bank
Aug 1, 1991	Mesa National Bank - Montrose	CO	Mesa National Bank
Aug 1, 1991	American National Bank of Lisle	IL	American National Bank and Trust Company of Chicago
Aug 1, 1991	First Schiller Bancorp, Inc.	IL	American National Corporation
Aug 1, 1991	State Exchange Finance Company	IN	NCB Corp.
Aug 1, 1991	Joanna Western Mills Employees Credit Union	IL	Archer Heights Credit Union
Aug 1, 1991	Centreville Catholic Federal Credit Union	IL	Catholic and Community Credit Union
Aug 1, 1991	Japanese School Credit Union	CA	Jacom Credit Union
Aug 1, 1991	Promenade National Bank	TX	Compass Bank-Dallas
Aug 1, 1991	Vancouver Federal Savings Bank	WA	Washington Mutual, a Federal Savings Bank
Aug 1, 1991	Citizens National Bank, Flushing - St. Clairsville	OH	Columbus National Bank
Aug 1, 1991	Strohs Employees Credit Union	MN	Ideal Credit Union
Aug 1, 1991	San Diego Building Trade Federal Credit Union	CA	Banc of California, National Association
Aug 1, 1991	Valley Postal Credit Union	TX	Security First Federal Credit Union
Aug 1, 1991	Rice Lake Credit Union	WI	Royal Credit Union
Aug 1, 1991	Aae Federal Credit Union	PA	Ufcw Community Federal Credit Union
Aug 1, 1991	Youngstown Transit Employees Federal Credit Union	OH	Seven Seventeen Credit Union Inc
Aug 1, 1991	Community Service Credit Union Incorporated	CT	Navy Federal Credit Union
Aug 1, 1991	Brenton Bank and Trust Company	IA	Brenton Bank
Aug 1, 1991	U.S.E.S. Credit Union of New Orleans	LA	Les Federal Credit Union
Aug 1, 1991	M&I Bank of Hilldale	WI	M&I Bank of Southern Wisconsin
Aug 1, 1991	Peoples First National Bank of North Miami Beach	FL	Union Planters Bank of Florida
Aug 1, 1991	First Federal Savings and Loan Association	MT	Western Security Bank
Aug 1, 1991	Nage/Dcasd Federal Credit Union	CT	East Hartford Federal Credit Union
Aug 1, 1991	McArthur Dairy Empl Fcu	FL	Tropical Financial Credit Union
Jul 31, 1991	First United Bancorp, Inc.	IN	First Merchants Corporation
Jul 31, 1991	Portland Naacp Federal Credit Union	OR	Point West Credit Union
Jul 31, 1991	Cambar Federal Credit Union	SC	South Carolina Federal Credit Union
Jul 31, 1991	Sylvania Titusville Federal Credit Union	PA	Community Connect Federal Credit Union
Jul 31, 1991	Preston Bancshares, Inc.	IA	Chadwick Bancshares, Inc.
Jul 31, 1991	Nora Springs Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 31, 1991	Riceville Investment Company	IA	Cedar Valley Bankshares, Ltd.
Jul 29, 1991	The Valley Bank of El Paso	TX	State National Bank
Jul 29, 1991	Holy Name Hospital Federal Credit Union	NJ	Greater Alliance Federal Credit Union
Jul 29, 1991	Saint Louis Computer Center, Inc. D/b/a/ First Data	MO	C-Bancorp, Inc.

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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