Skip to main content

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
Jul 25, 1991 The Kerens Bank Kerens, TX $19.5M Cedar Creek Bank
Jul 19, 1991 Pontchartrain State Bank Metairie, LA $140.0M First National Bank of Comm
Jul 19, 1991 Cooperative FSB Westmont, IL $74.9M Heritage Glenwood Bank
Jul 19, 1991 Community Guardian Bank Elmwood Park, NJ $55.3M Interchange State Bank
Jul 19, 1991 Clinton S & La Clinton, OK $22.2M Local Federal Bank, FSB
Jul 19, 1991 New Metropolitan FSB Hialeah, FL $18.4M Desjardins FSB
Jul 12, 1991 Pan American FSB San Mateo, CA $287.2M Pan American Bank, FSB
Jul 12, 1991 Danburry Savings & Loan Danbury, CT $270.2M Bristol FSB
Jul 12, 1991 Monycor Savings Bank Barron, WI $151.7M Branch sale
Jul 12, 1991 Fidelity FS & La Austin, TX $67.0M Deposit payout
Jul 12, 1991 Dripping Springs National Bank Dripping Springs, TX $20.2M Texas Bank
Jul 12, 1991 Landmark Thrift and Loan Association San Diego, CA $16.6M —
Jul 9, 1991 Surety FS & La Morganton, NC $224.8M First Citizens B&TC
Jun 28, 1991 First Mutual Bank for Savings Boston, MA $1.13B First National Bank of Bost
Jun 28, 1991 Metrobank FS & La Palisades Park, NJ $474.3M First FSB of DE
Jun 28, 1991 United FS & La Jonesboro, AR $142.5M Branch sale
Jun 21, 1991 Guardian FSA Huntington Beach, CA $682.1M Home Savings of America, FS
Jun 21, 1991 Beacon Co-Operative Bank Boston, MA $31.8M Grove Bank
Jun 14, 1991 Springfield Fsla Springfield, PA $97.5M Germantown SB
Jun 14, 1991 First Commerce SB, FSB Lowell, IN $10.9M Centier Bank
Jun 13, 1991 The Bank of Horton Horton, KS $167.3M Kansas State Bank
Jun 13, 1991 Tascosa National Bank of Amarillo Amarillo, TX $73.9M Team Bank
Jun 13, 1991 Peoples Bank Hewitt, TX $17.3M The National Bank of Gatesv
Jun 13, 1991 Texas Premier Bank of Victoria, National a Victoria, TX $15.4M Victoria Bank and Trust Com
Jun 7, 1991 Dryades S & La New Orleans, LA $262.3M Dryades SB, FSB
Jun 7, 1991 Woburn Five Cents Savings Bank Woburn, MA $247.2M Sterling Bank
Jun 6, 1991 Northwest Bank, N.A. San Antonio, TX $7.2M Valley-Hi National Bank of
May 31, 1991 Goldome Buffalo, NY $9.89B Key Bank of Western New Yor
May 31, 1991 Goldome FSB St. Petersburg, FL $1.48B First of America Bank/FL, F
May 31, 1991 Merabank Texas El Paso, TX $1.16B Branch sale
May 31, 1991 University Bank, N.A. Newton, MA $318.8M Sterling Bank
May 31, 1991 Westerleigh Savings Staten Island, NY $147.8M Branch sale
May 31, 1991 United FS & La Smyrna, GA $119.3M Branch sale
May 31, 1991 Burleson County Savings Assoc. Caldwell, TX $31.5M Citizens State Bank
May 31, 1991 Enterprise S&LA Compton, CA $13.5M Family SB, FSB
May 24, 1991 Progressive Savings Bank Pasadena, CA $388.3M Branch sale
May 24, 1991 Florida State Bank Holiday, FL $87.4M Orange Bank
May 24, 1991 First Security Bank Roanoke, VA $15.9M First Century Bank
May 23, 1991 Far West FSB Portland, OR $2.07B Branch sale
May 23, 1991 Liberty National Bank Lovington, NM $51.4M Western Commerce Bank
May 22, 1991 The First National Bank of Toms River Toms River, NJ $1.42B First Fidelity Bank, Nation
May 17, 1991 Altus FSB Mobile, AL $1.97B Branch sale
May 17, 1991 The Cosmopolitan National Bank of Chicago Chicago, IL $110.1M Cosmopolitan Bank and Trust
May 17, 1991 First City Bank New Orleans, LA $56.1M First Bank and Trust
May 17, 1991 Ludington FSB Ludington, MI $34.2M Northwestern SB&T
May 16, 1991 Capital Bank Dallas, TX $111.6M Bank One, Texas, National a
May 16, 1991 First National Bank of Cedar Hill Cedar Hill, TX $11.0M First State Bank
May 10, 1991 Madison National Bank Washington, DC $473.8M Signet Bank, National Assoc
May 10, 1991 Madison National Bank of Virginia McLean, VA $174.2M Signet Bank - Virginia
May 10, 1991 First FSA of Newton Newton, KS $125.6M Central NB-Newton

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 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 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

Browse adjacent years: 1990 · 1992

Or jump to a category: Failures · Mergers · Enforcement · Assistance