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
Mar 22, 1991	Citizens Security Bank	Borger, TX	$34.1M	Amarillo NB
Mar 22, 1991	Republic SB, FSB	Rockville, MD	$26.4M	First FSB of DE
Mar 21, 1991	Sabinal Bank	Sabinal, TX	$24.8M	—
Mar 21, 1991	Citadel Bank	Willis, TX	$21.9M	Tomball National Bank
Mar 15, 1991	Amerifirst Federal Savings	Miami, FL	$3.58B	Great Western Bank, FSB
Mar 15, 1991	Home Savings Association	Kansas City, MO	$2.94B	Branch sale
Mar 15, 1991	Bell Federal Savings	Upper Darby, PA	$850.6M	Meridian Bank
Mar 15, 1991	The Blackstone Bank and Trust Co	Boston, MA	$49.3M	Baybank Boston, N.A.
Mar 15, 1991	Arcanium FSA	Arcanum, OH	$45.4M	Second NB
Mar 15, 1991	Sovereign SB	Palm Harbor, FL	$38.9M	Fifth Third SB, FSB
Mar 14, 1991	Coolidge Corner Co-Operative Bank	Brookline, MA	$83.7M	Brookline Savings Bank
Mar 14, 1991	Crossroads Bank	Victoria, TX	$22.4M	Victoria Bank & Trust Compa
Mar 8, 1991	Jefferson Federal Sa	Birmingham, AL	$666.5M	Branch sale
Mar 8, 1991	Beacon Federal Savings	Baldwin, NY	$406.0M	North Side SB
Mar 8, 1991	Preffered Savings and Loan	High Point, NC	$224.5M	Southern NB of NC
Mar 8, 1991	Alexander Hamilton	Paterson, NJ	$210.7M	First Fidelity Bank, N.A.
Mar 8, 1991	First Citizens Sla	Fort Pierce, FL	$200.5M	Riverside NB
Mar 8, 1991	First FSB	Huron, SD	$51.9M	Branch sale
Mar 8, 1991	First FSA of Wewoka	Wewoka, OK	$32.9M	First State Bank
Mar 8, 1991	Manilabank	Los Angeles, CA	$20.8M	Ust California, National As
Mar 8, 1991	First Marine Bank of Florida	Palm City, FL	$17.2M	1st United Bank
Mar 8, 1991	Seafirst Bank	Port St. Lucie, FL	$11.5M	Riverside National Bank of
Mar 1, 1991	Amerified Savings Bank	Lawrenceville, NJ	$110.6M	Branch sale
Mar 1, 1991	Peoples Federal S & L Assoc.	New Kensington, PA	$107.6M	Johnstown B&TC
Feb 28, 1991	United Citizens Bank, National Assoc	College Station, TX	$44.9M	First American Bank
Feb 22, 1991	Hollywood FSB	Hollywood, FL	$1.53B	First Union NB of FL
Feb 22, 1991	The McKinley Bank	Niles, OH	$70.6M	The Dollar Savings & Trust
Feb 22, 1991	First FS & La	Dallas, GA	$37.5M	Etowah Bank
Feb 21, 1991	Southwest National Bank	Albuquerque, NM	$37.2M	The Bank of New Mexico, SPR
Feb 20, 1991	First Northern Coop	Keene, NH	$114.6M	Granite Bank
Feb 14, 1991	Merchants Trust & Savings Bank	Kenner, LA	$43.8M	First American Bank and Tru
Feb 14, 1991	The First National Bank of Worth	Wortham, TX	$7.3M	Farmers State Bank
Feb 8, 1991	Unity FS & La	Beverly Hills, CA	$454.5M	Branch sale
Feb 8, 1991	First Jersey S & La Assoc.	Wyckoff, NJ	$287.7M	Valley NB
Feb 8, 1991	Family S & La	Seattle, WA	$99.6M	Puget Sound NB
Feb 8, 1991	Peoples Federal Savings Bank	Bay St. Louis, MS	$59.7M	Hancock Bank
Feb 8, 1991	First FSA of Waynesboro	Waynesboro, TN	$18.2M	Wayne County Bank
Feb 7, 1991	Lockhart State Bank	Lockhart, TX	$24.3M	Omnibank, National Associat
Feb 7, 1991	First National Bank in Kaufman	Kaufman, TX	$20.4M	The Farmers & Merchants Nat
Feb 1, 1991	Coreast FSB	Richmond, VA	$1.21B	Branch sale
Feb 1, 1991	Maine Savings Bank	Portland, ME	$1.18B	Fleet Bank of Maine
Feb 1, 1991	First Federal Savings of Toledo	Toledo, OH	$1.02B	First FSB
Feb 1, 1991	The Merchants Bank and Trust Co	Norwalk, CT	$269.9M	Union Trust Company
Feb 1, 1991	George Washington FSA	Jonesborough, TN	$14.6M	Home FS&LA of Upper E. TN
Jan 31, 1991	Bank of the Hills	Austin, TX	$255.1M	Team Bank
Jan 31, 1991	Rockport Bank, N.A.	Aransas County, TX	$17.8M	The Bank of Corpus Christi
Jan 29, 1991	Citizens National Bank and Trust	Chicago, IL	$18.8M	First Bank of Oak Park
Jan 25, 1991	Columbia Savings & Loan Assn.	Beverly Hills, CA	$5.36B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner, VA	$1.82B	Branch sale
Jan 25, 1991	Center S & La	Clifton, NJ	$132.6M	Hub Center Bank

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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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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