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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
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
Sep 5, 1991 Strother Drug Employees Credit Union VA Beacon Credit Union Incorporated
Sep 4, 1991 First Federal Savings and Loan Association of Idaho Falls ID WaFd Bank
Sep 3, 1991 Star Bank, National Association OH U.S. Bank N.A.
Sep 3, 1991 Star Bank, National Association, Butler County OH U.S. Bank N.A.
Sep 3, 1991 Postal Credit Union NM First Financial Credit Union
Sep 1, 1991 Diversified Federal Credit Union CA Logix Federal Credit Union
Sep 1, 1991 Bank One, Franklin IN Bank One, Indiana, National Association
Sep 1, 1991 Keyes Fibre Hammond Employees Federal Credit Union IN Regional Federal Credit Union
Sep 1, 1991 Valley Fidelity Bank and Trust Company TN First Horizon Bank
Sep 1, 1991 HBD Empl Fcu TN Clinchfield Federal Credit Union
Sep 1, 1991 First of America Bank-Wayne MI First of America Bank-Ann Arbor
Sep 1, 1991 Mohawk Valley Federal Savings Bank NY United Northern Federal Savings Bank
Sep 1, 1991 McGuire Federal Credit Union NJ Andrews Federal Credit Union
Sep 1, 1991 The Bank of New Mexico, las vegas NM The Bank of New Mexico
Sep 1, 1991 McCulloch Federal Credit Union CA La Financial Federal Credit Union
Sep 1, 1991 Saint Augustine Parish Federal Credit Union PA Iron Workers Federal Credit Union
Sep 1, 1991 SMCRC Credit Union GA Excel Federal Credit Union
Sep 1, 1991 1st Ambanc, Inc. FL Commercesouth, Inc.
Sep 1, 1991 The C-M Company, Inc KS First Medicine Lodge Bancshares, Inc.
Sep 1, 1991 Fpe Fcu FL Gte Federal Credit Union dba Gte Financial
Sep 1, 1991 Capitol Credit Union AR Arkansas Federal Credit Union
Sep 1, 1991 The State Bank of Salem IN INB Banking Company
Sep 1, 1991 The Isabel State Bank KS Solutionsbank
Sep 1, 1991 Central Soo Credit Union WI Royal Credit Union
Aug 31, 1991 Marquette Bank Apple Valley MN Marquette Bank Minneapolis, National Association
Aug 31, 1991 U.S. Trust Company of Texas TX U.S. Trust Company of Texas, National Association
Aug 31, 1991 Lakeshore Bank, N. A. OK Bank One, Oklahoma City
Aug 31, 1991 Beckley National Bank WV Bank One, West Virginia, Beckley, National Association
Aug 31, 1991 Merchants & Miners National Bank of Oak Hill WV Bank One, West Virginia, Beckley, National Association
Aug 31, 1991 State Bank of Firth, Inc. NE Farmers State Bank
Aug 31, 1991 Brown & Bigelow Employees Credit Union MN Riverview Credit Union
Aug 31, 1991 TN Grange Cu TN First Choice Community Credit Union
Aug 31, 1991 Kerns Empl Cu TN First Choice Community Credit Union
Aug 31, 1991 Southeast Cedar Rapids Community Credit Union IA Collins Community Credit Union
Aug 30, 1991 Arab Fcu AL Redstone Federal Credit Union
Aug 27, 1991 Ccta Federal Credit Union MD First Financial of Maryland Federal Credit Union
Aug 26, 1991 First Wisconsin Bank of Two Rivers WI Firstar Bank Manitowoc
Aug 26, 1991 Citgo Federal Credit Union NJ Energy One Federal Credit Union
Aug 24, 1991 Shidler Bancshares, Inc. OK Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991 Community Bank OK Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991 Lamar Industrial Bank CO Frontier Bank
Aug 23, 1991 Parish National Bank of St. Tammany LA Parish National Bank
Aug 22, 1991 Letchworth Ag Credit Corporation NY Letchworth Independent Bancshares Corporation
Aug 21, 1991 CB Bancshares, Inc. GA Synovus Financial Corp.
Aug 19, 1991 The Capital National Bank in Austin TX Norwest Bank Texas, Austin, National Association
Aug 19, 1991 Havana Bancshares, Inc. IL FB Corporation
Aug 19, 1991 Home Savings Bank, S.A. WI TCF National Bank Wisconsin
Aug 19, 1991 Electricians of 25 Federal Credit Union NY Nassau Financial Federal Credit Union
Aug 17, 1991 Farmers Exchange Bank KY Fifth Third Bank, Kentucky, Inc.
Aug 15, 1991 First Oak Brook Bank/Addison IL 1st Oak Brook 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

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