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
Oct 1, 1991	Indian Head Federal Credit Union	MD	Navy Federal Credit Union
Oct 1, 1991	Estill Federal Savings Bank	KY	First Federal Savings Bank
Oct 1, 1991	(unnamed)	—	Bank of New Hampshire, National Association
Oct 1, 1991	Goodwill Employees Federal Credit Union	CA	Cal State L.A. Federal Credit Union
Oct 1, 1991	The Bristol Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Tower Industries Inc. Employees Federal Credit Union	CA	Inland Valley Federal Credit Union
Oct 1, 1991	Lathers Credit Union	MI	Construction Federal Credit Union
Sep 30, 1991	Graphic Arts Credit Union of Los Angeles	CA	Southland Credit Union
Sep 30, 1991	United Savings Association of the Southwest, FSB	TX	Bank United
Sep 30, 1991	FNW Bancorp, Inc.	IL	NBD Illinois, Inc.
Sep 30, 1991	First Western Bancorp, Inc.	SD	Christen Group, Inc.
Sep 30, 1991	United Illinois Bank of Collinsville	IL	United Illinois Bank of New Athens
Sep 30, 1991	S O a R C Federal Credit Union	IL	Rock Valley Credit Union
Sep 30, 1991	Junior Form Federal Credit Union	PA	Ussco Johnstown Federal Credit Union
Sep 30, 1991	Home and City Savings Bank	NY	TrustCo Bank, National Association
Sep 29, 1991	State Bank of Fox Lake	WI	Ergo Bank
Sep 29, 1991	Fox Lake Bankshares, Inc.	WI	FS Bancshares, Inc.
Sep 29, 1991	Morris Savings Bank	NJ	First Fidelity Bank, National Association, New Jersey
Sep 28, 1991	Presque Isle Bank	MI	North Bank
Sep 28, 1991	Ebenezer A.M.E. Church Credit Union	MI	Credit Union One
Sep 28, 1991	Jackson Mississippi School Employees Federal Credit Union	MS	Jackson Area Federal Credit Union
Sep 26, 1991	First National Bank	OK	First United Bank and Trust Company
Sep 26, 1991	First National Bank	OK	City Bank & Trust
Sep 23, 1991	Kentucky National Bank of Boone County	KY	Star Bank, National Association, Kentucky
Sep 23, 1991	Kentucky Bancorporation Inc.	KY	Star Banc Corporation
Sep 23, 1991	(unnamed)	—	Star Bank, National Association, Kentucky
Sep 23, 1991	First National Bank in Anoka	MN	Wells Fargo Bank Minnesota, National Association
Sep 22, 1991	Amsterdam-Rotterdam Bank, N.V.	—	The Royal Bank of Scotland, N.V.
Sep 19, 1991	Potomac Yard Federal Credit Union	VA	AB&W Credit Union Inc.
Sep 16, 1991	The Dawson Bank	NE	Home State Bank and Trust Company
Sep 16, 1991	Oak Lawn National Bank	IL	First National Bank of Evergreen Park
Sep 16, 1991	Clearing Bank	IL	First National Bank of Evergreen Park
Sep 16, 1991	Stiefel Companies Federal Credit Union	NY	Sunmark Credit Union
Sep 14, 1991	Logan Savings and Loan Association	UT	First Federal Savings Bank
Sep 14, 1991	The Central Trust Company	OH	Bank One, National Association
Sep 14, 1991	BB&T Savings Bank of Durham, Inc.	NC	Truist Bank
Sep 14, 1991	The Central Trust Company of Northeastern Ohio, N. A.	OH	Bank One, Akron, National Association
Sep 14, 1991	The Central Trust Company of Northern Ohio, National Association	OH	Bank One, Cleveland, National Association
Sep 14, 1991	Peoples Building and Loan Association of Oblong	IL	First Crawford State Bank
Sep 14, 1991	Liberty National Bank of Jessamine	KY	Liberty National Bank of Lexington
Sep 14, 1991	Bank One, Wooster, National Association	OH	Bank One, Akron, National Association
Sep 14, 1991	BB&T Federal Savings Bank of High Point	NC	Truist Bank
Sep 14, 1991	BB&T Federal Savings Bank of Pitt County	NC	Truist Bank
Sep 13, 1991	Watauga Savings and Loan Association, Inc.	NC	RBC Bank (USA)
Sep 12, 1991	Broyhill Employees Credit Union	NC	Members Credit Union
Sep 11, 1991	American Savings Bank, F.S.B.	CA	Washington Mutual Bank
Sep 10, 1991	West Frankfort Community Bancshares, Inc.	IL	FB Corporation
Sep 10, 1991	Chilton Memorial Hospital Federal Credit Union	NJ	North Jersey Federal Credit Union
Sep 7, 1991	Farmers and Merchants Bank	IL	American Midwest Bank
Sep 6, 1991	Benedict College Federal Credit Union	SC	Allsouth Federal Credit Union

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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