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 | Assets |
|---|---|---|
| Sep 27, 1991 | First Federal Savings | $251.2M |
| Sep 27, 1991 | Eastern FS & La of Sayville | $249.5M |
| Sep 27, 1991 | Nutley Savings & Loan | $188.6M |
| Sep 27, 1991 | Plymouth FSA | $174.7M |
| Sep 27, 1991 | Home FS & La of Harlan | $91.4M |
| Sep 27, 1991 | Midcounty Bank and Trust Company | $62.1M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 20, 1991 | Bank Five for Savings | $386.6M |
| Sep 20, 1991 | Mid-Jersey National Bank | $29.5M |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Sep 19, 1991 | Abraham Lincoln FSA | $189.1M |
| Sep 19, 1991 | Southeast Bank of West Florida | $97.3M |
| Sep 13, 1991 | Davy Crockett FS & La | $50.5M |
| Sep 13, 1991 | Evergreen FS & La | $40.3M |
| Sep 13, 1991 | Valley Bank | $33.7M |
| Sep 6, 1991 | United Home Federal | $443.4M |
| Sep 6, 1991 | Suffield Bank | $294.8M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Sep 6, 1991 | Bay FSB | $58.1M |
| Sep 6, 1991 | The Family Bank and Trust | $46.7M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Aug 30, 1991 | Lowell Institution for Savings | $386.4M |
| Aug 30, 1991 | Homestead FSA | $223.2M |
| Aug 30, 1991 | Hilton Head Bank & Trust Company | $64.6M |
| Aug 30, 1991 | Hillsborough Bank and Trust Co | $49.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Aug 29, 1991 | First National Bank and Trust Co | $33.5M |
| Aug 29, 1991 | The San Saba National Bank | $15.6M |
| Aug 23, 1991 | Merchants & Mechanics FSB | $209.9M |
| Aug 23, 1991 | First FS & La | $73.1M |
| Aug 23, 1991 | New Age FSA | $9.2M |
| Aug 22, 1991 | Buchel Bank & Trust Co. | $25.0M |
| Aug 22, 1991 | First Mexia Bank | $22.5M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Aug 16, 1991 | Northwest National Bank | $29.4M |
| Aug 16, 1991 | Enfield National Bank | $19.0M |
| Aug 16, 1991 | Centre Sa, F.A. | $15.2M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Aug 9, 1991 | Citytrust | $1.92B |
| Aug 9, 1991 | Mechanics and Farmers Savings Bank | $1.08B |
| Aug 9, 1991 | Larchmont FS & La | $123.8M |
| Aug 9, 1991 | Bank of South Palm Beaches | $61.3M |
| Aug 9, 1991 | First FS & La of Thief River Falls | $54.6M |
| Aug 9, 1991 | Southcoast Bank Corporation | $26.1M |
| Aug 2, 1991 | Standard FS & La | $319.7M |
| Aug 2, 1991 | Coral Coast FSB | $61.2M |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 26, 1991 | Suburban National Bank | $91.1M |
| Jul 26, 1991 | The Housatonic Bank & Trust Co | $69.1M |
| Jul 26, 1991 | Westland FS & La | $31.8M |
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 | Acquirer |
|---|---|---|
| Nov 1, 1991 | Progressive Federal Savings Bank | Progressive Ozark Bank |
| Nov 1, 1991 | First State Bank of Lyman | The Equality State Bank |
| Nov 1, 1991 | News Corporation Employees Credit Union | Postal & Community Credit Union |
| Oct 31, 1991 | Olin Employees Credit Union of Joliet | Tech Credit Union |
| Oct 31, 1991 | Kemba Little Rock Credit Union | Kemba Delta Federal Credit Union |
| Oct 30, 1991 | Indian Head Mortgage Corp. | Fleet Bank-NH |
| Oct 30, 1991 | Fleet/Norstar Services-NH, Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Indian Head Bank Services Corporation | Fleet Bank-NH |
| Oct 30, 1991 | Jeffrey Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Oct 28, 1991 | FirstBank of Minturn | FirstBank of Vail |
| Oct 28, 1991 | Manufacturers Bank of Lansing | Manufacturers Bank, National Association |
| Oct 28, 1991 | FirstBank of Beaver Creek, National Association | FirstBank of Avon |
| Oct 28, 1991 | Manufacturers National Bank of Grand Rapids | Manufacturers Bank, National Association |
| Oct 28, 1991 | Ponce Metropolitan Federal Credit Union | Borinquen Sur Federal Credit Union |
| Oct 28, 1991 | FirstBank of West Vail | FirstBank of Vail |
| Oct 28, 1991 | United Illinois Bank of New Athens | Central Bank |
| Oct 26, 1991 | Century Bank at Broadway | Century Bank |
| Oct 26, 1991 | Callaway Gardens Credit Association Credit Union | Five Star Credit Union |
| Oct 26, 1991 | Heritage Bank of Oak Lawn | Heritage Bank |
| Oct 26, 1991 | Heritage Bank Crestwood | Heritage Bank |
| Oct 26, 1991 | Columbia National Bank-Belmont | Columbia National Bank of Chicago |
| Oct 26, 1991 | (unnamed) | Heritage Bank |
| Oct 25, 1991 | Sioux Quality Credit Union | Telco Triad Community Credit Union |
| Oct 24, 1991 | BayBank First Easthampton, N.A. | BayBank, National Association |
| Oct 24, 1991 | BayBank Harvard Trust Company | BayBank, National Association |
| Oct 24, 1991 | BayBank South | BayBank, National Association |
| Oct 24, 1991 | BayBank Valley Trust Company | BayBank, National Association |
| Oct 23, 1991 | Americorp, Inc. | Ameribank Corporation |
| Oct 23, 1991 | Randolph County FS&LA | First State Bank & Trust Company |
| Oct 21, 1991 | MCS Employees Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Oct 19, 1991 | Hannibal Mutual Loan and Building Association | Roosevelt Bank |
| Oct 18, 1991 | Boatmen's National Bank of Richmond | Boatmen's River Valley Bank |
| Oct 18, 1991 | Exchange Bank of Schmidt & Koester | Gold Bank |
| Oct 12, 1991 | First Community Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Aurora | First Community Industrial Bank |
| Oct 12, 1991 | The State Bank of Kirkland | The Belvidere National Bank and Trust Company |
| Oct 12, 1991 | U.S. Shoe Employees Federal Credit Union | Members Trust Federal Credit Union |
| Oct 12, 1991 | First Community Industrial Bank of Longmont | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Arvada | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Littleton | First Community Industrial Bank |
| Oct 12, 1991 | American Industrial Bank of Lakewood | First Community Industrial Bank |
| Oct 12, 1991 | First Community Industrial Bank of Fort Collins | First Community Industrial Bank |
| Oct 11, 1991 | First National Bank | Team Bank |
| Oct 10, 1991 | Bank of Speedwell, Inc. | Premier Bank-South, National Association |
| Oct 9, 1991 | Milton Tri-County Bank | Huntington Bank Huntington National Association |
| Oct 8, 1991 | Scott Methodist Credit Union | Credit Union One |
| Oct 7, 1991 | Basf Fibers Employees Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 7, 1991 | Widmer Bancshares, Inc. | Widmer Bancshares, Inc. |
| Oct 5, 1991 | Bank of San Clemente | Eldorado Bank |
The list holds 500 of the 953 mergers recorded for 1991.
Enforcement Actions in 1991
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Nov 1, 1991 | OCC | The Caledonia National Bank of Danville | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Caledonia National Bank of Danville |
| Nov 1, 1991 | OCC | Heritage National Bank | Civil Money Penalty (CMP): Soukup, James R. |
| Nov 1, 1991 | OCC_OTS | Boston Five Financial Services, Inc. | Supervisory Agreement: The Boston Five Cents Savings Bank, FSB |
| Oct 31, 1991 | OCC_OTS | First Federal Savings Bank | Cease and Desist: Wade F. Seidel |
| Oct 31, 1991 | OCC_OTS | (individual) | Cease and Desist: William R. Krueger |
| Oct 31, 1991 | OCC_OTS | First Federal Savings Bank | Cease and Desist: Waldie W. Sonnenberg |
| Oct 31, 1991 | OCC_OTS | Colonial Holding Company LTD | Cease and Desist: Theodore F. di Stefano |
| Oct 31, 1991 | OCC_OTS | First Federal Savings Bank | Cease and Desist: Edmund R. Lehman |
| Oct 31, 1991 | OCC_OTS | First Federal Savings Bank | Cease and Desist: Dr. Henry J. Boehm, Jr. |
| Oct 31, 1991 | OCC_OTS | (individual) | Cease and Desist: Poughkeepsie Savings Bank, FSB |
| Oct 31, 1991 | OCC | First National Bank of Vermont | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Vermont |
| Oct 31, 1991 | OCC | The Bradford National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Bradford National Bank |
| Oct 31, 1991 | OCC | First National Bank and Trust Company | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank and Trust |
| Oct 31, 1991 | OCC | NBC Bank-Laredo National Association | Formal Agreement: NBC Bank - Laredo, National Association |
| Oct 30, 1991 | OCC_OTS | Crestmont Federal Savings and Loan Association | Cease and Desist: Lawrence B. Seidman John Bailey |
| Oct 29, 1991 | OCC_OTS | Hidalgo Federal Savings & Loan Association | Orders of Removal/Prohibition: Gerald Guerra |
| Oct 29, 1991 | OCC | Associated Bank, N.A. | Prohibition/Removal Orders: Moede, Edward W. |
| Oct 29, 1991 | OCC | (individual) | Prohibition/Removal Orders: Schaper, Gerald L. |
| Oct 29, 1991 | OCC | Consumer National Bank | Formal Agreement: Consumer National Bank |
| Oct 28, 1991 | OCC_OTS | Harlan Federal Savings and Loan Association | Supervisory Agreement: Harlan Federal Savings and Loan Association |
| Oct 28, 1991 | OCC | First City National Bank and Trust Company | Prohibition/Removal Orders: Greenberg, A. Frederick |
| Oct 28, 1991 | FRB | Resource Bank, N.A. | Written Agreement: Resource Bank, Virginia Beach, VA |
| Oct 28, 1991 | OCC | First City National Bank and Trust Company | Prohibition/Removal Orders: Greenberg, Richard |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Howard D. Harrison |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Eva Woolley |
| Oct 25, 1991 | OCC_OTS | Executive Banc Savings Association, F.A. | Cease and Desist: David L. Domsch |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Barbara Cross |
| Oct 25, 1991 | OCC_OTS | First Federal Savings and Loan Association of Storm Lake | Cease and Desist: First Federal Savings & Loan Assocaiton of Storm Lake |
| Oct 25, 1991 | OCC | Gateway National Bank | Civil Money Penalty (CMP): Rauschkolb, James |
| Oct 25, 1991 | OCC | Gateway National Bank | Civil Money Penalty (CMP): Hemmingway, Joanne |
| Oct 25, 1991 | OCC | Gateway National Bank | Civil Money Penalty (CMP): Steensland, Richard |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Orders of Removal/Prohibition: Howard D. Harrison |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Civil Money Penalty: Jake Caprielian |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Civil Money Penalty: Howard D. Harrison |
| Oct 25, 1991 | OCC_OTS | Executive Banc Savings Association, F.A. | Cease and Desist: Thomas J. Fowler |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Shirley Grammer |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Patricia Lucas |
| Oct 25, 1991 | OCC_OTS | Executive Banc Savings Association, F.A. | Cease and Desist: Milton L. Ferguson |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Jean Sepmoree |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Cease and Desist: Jake Caprielian |
| Oct 25, 1991 | OCC | New Richmond, LLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New Richmond National Bank |
| Oct 25, 1991 | OCC_OTS | Texas Heritage Savings Association/Banc | Orders of Removal/Prohibition: William Paul Davis |
| Oct 25, 1991 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Orders of Removal/Prohibition: Jake Caprielian |
| Oct 25, 1991 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Charles F. Nielsen |
| Oct 24, 1991 | OCC_OTS | William Penn Bank | Civil Money Penalty: William Penn Savings & Loan Association |
| Oct 24, 1991 | OCC | Alice National Bank | Prohibition/Removal Orders: Saenz, Roger |
| Oct 23, 1991 | OCC | Moody National Bank | Prohibition/Removal Orders: Lemon, Nelson L. |
| Oct 23, 1991 | OCC | Ocean National Corporation | Formal Agreement: Ocean National Bank of Kennebunk, The |
| Oct 23, 1991 | OCC_OTS | Centennial Bank | Supervisory Agreement: Centennial Savings Bank, FSB |
| Oct 23, 1991 | OCC_OTS | Home Federal Savings | Supervisory Agreement: Home Federal Savings and Loan of Carbondale |
FDIC Open-Bank Assistance in 1991
| Date | Institution | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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