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
Sep 27, 1991	First Federal Savings	Beaumont, TX	$251.2M	Kilgore FS&LA
Sep 27, 1991	Eastern FS & La of Sayville	Sayville, NY	$249.5M	Bayside FSB
Sep 27, 1991	Nutley Savings & Loan	Nutley, NJ	$188.6M	Valley NB
Sep 27, 1991	Plymouth FSA	Plymouth, MA	$174.7M	Branch sale
Sep 27, 1991	Home FS & La of Harlan	Harlan, IA	$91.4M	Conservative SB FSB
Sep 27, 1991	Midcounty Bank and Trust Company	Norwood, MA	$62.1M	Dedham Institution for Savi
Sep 27, 1991	Gold River SB	Fair Oaks, CA	$24.1M	El Dorado SB
Sep 20, 1991	Bank Five for Savings	Arlington, MA	$386.6M	Cambridge Savings Bank
Sep 20, 1991	Mid-Jersey National Bank	Somerville, NJ	$29.5M	United Jersey Bank/Central
Sep 19, 1991	Southeast Bank, N.A.	Miami, FL	$11.03B	First Union National Bank O
Sep 19, 1991	Abraham Lincoln FSA	Dresher, PA	$189.1M	Branch sale
Sep 19, 1991	Southeast Bank of West Florida	Pensacola, FL	$97.3M	First Union National Bank O
Sep 13, 1991	Davy Crockett FS & La	Crockett, TX	$50.5M	Deposit payout
Sep 13, 1991	Evergreen FS & La	Charleston, WV	$40.3M	Merchants NB of Montgomery
Sep 13, 1991	Valley Bank	White River Junction, VT	$33.7M	Vermont National Bank
Sep 6, 1991	United Home Federal	Toledo, OH	$443.4M	Standard FB
Sep 6, 1991	Suffield Bank	Suffield, CT	$294.8M	First Federal Bank, FSB
Sep 6, 1991	Heartland S & La	La Mesa, CA	$121.7M	Union Bank
Sep 6, 1991	Bay FSB	West Palm Beach, FL	$58.1M	Fidelity FSB of FL
Sep 6, 1991	The Family Bank and Trust	Allenstown, NH	$46.7M	The Valley Bank
Aug 30, 1991	Future Federal Savings Bank	Louisville, KY	$422.3M	Citizens Fidelity B&T
Aug 30, 1991	Lowell Institution for Savings	Lowell, MA	$386.4M	The Family Mutual Savings B
Aug 30, 1991	Homestead FSA	Middletown, PA	$223.2M	Farmers Trust Co.
Aug 30, 1991	Hilton Head Bank & Trust Company	Hilton Head Island, SC	$64.6M	The Anchor Bank
Aug 30, 1991	Hillsborough Bank and Trust Co	Milford, NH	$49.9M	Peterborough Savings Bank
Aug 30, 1991	United FSB	Prestonsburg, KY	$39.9M	Pikeville NB&TC
Aug 29, 1991	First National Bank and Trust Co	Blackwell, OK	$33.5M	Central National Bank & Tru
Aug 29, 1991	The San Saba National Bank	San Saba, TX	$15.6M	First Llano Bank
Aug 23, 1991	Merchants & Mechanics FSB	Springfield, OH	$209.9M	Banc One FSB
Aug 23, 1991	First FS & La	Mt. Vernon, OH	$73.1M	First FS&LA of Wooster
Aug 23, 1991	New Age FSA	St. Louis, MO	$9.2M	Commerce Bank of St. Louis
Aug 22, 1991	Buchel Bank & Trust Co.	Cuero, TX	$25.0M	First Bank
Aug 22, 1991	First Mexia Bank	Mexia, TX	$22.5M	The East Texas National Ban
Aug 16, 1991	First American FSB	Tucson, AZ	$145.0M	State SB, FSB
Aug 16, 1991	Northwest National Bank	Fayetteville, AR	$29.4M	Citizens Bank of Northwest
Aug 16, 1991	Enfield National Bank	Enfield, CT	$19.0M	Savings Institute
Aug 16, 1991	Centre Sa, F.A.	Arlington, TX	$15.2M	American FB, FSB
Aug 9, 1991	Great American FSA	San Diego, CA	$9.52B	Branch sale
Aug 9, 1991	Citytrust	Bridgeport, CT	$1.92B	Chase Manhattan Bank of Con
Aug 9, 1991	Mechanics and Farmers Savings Bank	Bridgeport, CT	$1.08B	Chase Manhattan Bank of Con
Aug 9, 1991	Larchmont FS & La	Larchmont, NY	$123.8M	Peoples Westchester SB
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo, FL	$61.3M	1st United Bank
Aug 9, 1991	First FS & La of Thief River Falls	Thief River Falls, MN	$54.6M	No. State BK of Thief Riv.
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach, FL	$26.1M	—
Aug 2, 1991	Standard FS & La	Columbia, SC	$319.7M	NB of South Carolina
Aug 2, 1991	Coral Coast FSB	Boynton Beach, FL	$61.2M	Mackinac SB, FSB
Jul 26, 1991	Atlantic Financial FSB	San Francisco, CA	$448.9M	Branch sale
Jul 26, 1991	Suburban National Bank	Hillsborough TWNS, NJ	$91.1M	Provident Savings Bank
Jul 26, 1991	The Housatonic Bank & Trust Co	Ansonia, CT	$69.1M	Shelton Savings Bank
Jul 26, 1991	Westland FS & La	Rawlins, WY	$31.8M	Rawlins NB

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
Oct 23, 1991	OCC_OTS	Sentry Savings and Loan Association	Supervisory Agreement: Sentry Savings and Loan Association
Oct 23, 1991	OCC_OTS	Secure Holdings, Inc.	Supervisory Agreement: Secure Savings Bank, F.S.B.
Oct 23, 1991	OCC	City National Bank of Sayre	Prohibition/Removal Orders: Noyes, Alan W.
Oct 22, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Daniel T. Hollenbach
Oct 22, 1991	OCC_OTS	Hidalgo Federal Savings & Loan Association	Orders of Removal/Prohibition: Michael F. Frost
Oct 22, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Leland E. Whitten
Oct 22, 1991	OCC_OTS	Hidalgo Federal Savings & Loan Association	Orders of Removal/Prohibition: Larry T. Hunter
Oct 22, 1991	OCC_OTS	Hidalgo Federal Savings & Loan Association	Orders of Removal/Prohibition: Charles Fortson
Oct 22, 1991	OCC	The First Citizens National Bank of Upper Sandusky	Civil Money Penalty (CMP): First Citizens National Bank of Upper Sandusky, The
Oct 22, 1991	OCC	Mechanics National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mechanics National Bank
Oct 21, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Bianco, James W.
Oct 21, 1991	OCC_OTS	Milton Federal Savings and Loan Association	Supervisory Agreement: Milton Federal Savings and Loan Association
Oct 21, 1991	OCC_OTS	Presidential Holding Corporation	Supervisory Agreement: Presidential Bank
Oct 21, 1991	OCC	The First National Bank of Manning	Formal Agreement: The First National Bank Of Manning
Oct 21, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Oakes, Larry V.
Oct 21, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Neises, Richard J.
Oct 21, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Bianco, Nola
Oct 21, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Bianco, Michael V.
Oct 18, 1991	OCC	Seacoast National Bank	Civil Money Penalty (CMP): Hudson, Dennis S.
Oct 17, 1991	OCC_OTS	Permanent Federal Savings Bank	Supervisory Agreement: Permanent Federal Savings Bank
Oct 16, 1991	OCC	The Flemington National Bank and Trust Company	Formal Agreement: Flemington National Bank and Trust Company, The
Oct 16, 1991	OCC_OTS	Primerit Bank, Federal Savings Bank	Supervisory Agreement: PriMerit Bank, Federal Savings Bank
Oct 16, 1991	OCC	Columbia National Bank-Belmont	Prohibition/Removal Orders: Karris, Nicholas A.
Oct 15, 1991	OCC	The Peoples National Bank of Warrenton	Formal Agreement: The Peoples National Bank Of Warrenton
Oct 15, 1991	OCC_OTS	Ruston Building and Loan Association	Supervisory Agreement: Ruston Building and Loan Association
Oct 15, 1991	OCC	Gateway National Bank	Prohibition/Removal Orders: Raushkolb, James
Oct 15, 1991	FRB	(individual)	Prohibition from Banking: Rudell M. Oppegard
Oct 15, 1991	OCC	Valley National Bank	Formal Agreement: Valley National Bank
Oct 15, 1991	OCC	Gateway National Bank	Prohibition/Removal Orders: Hemingway, Joann
Oct 15, 1991	FRB	(individual)	Civil Money Penalty $10,000: Rudell M. Oppegard
Oct 15, 1991	OCC	The Farmers National Bank of Scottsville	Formal Agreement: Farmers National Bank of Scottsville, The
Oct 15, 1991	OCC	The First National Bank of Ipswich	Formal Agreement: First National Bank Of Ipswich
Oct 11, 1991	OCC_OTS	(individual)	Cease and Desist: University Savings Bank
Oct 10, 1991	OCC_OTS	South Bergen Savings and Loan Association	Civil Money Penalty: Herbert C. Hermann
Oct 10, 1991	FRB	FWB Bank	Written Agreement: FWB Bancorporation, Rockville, MD
Oct 10, 1991	OCC	The Granger National Bank	Civil Money Penalty (CMP): The Granger National Bank
Oct 10, 1991	OCC_OTS	South Bergen Savings and Loan Association	Orders of Removal/Prohibition: Herbert C. Hermann
Oct 9, 1991	OCC	Metropolitan National Bank	Civil Money Penalty (CMP): Sheehan, Patrick R.
Oct 9, 1991	OCC	Metropolitan National Bank	Civil Money Penalty (CMP): Terry, Kenneth R.
Oct 7, 1991	OCC	Valley National Bank of Cortez	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Valley National Bank Of Cortez
Oct 7, 1991	OCC	Merchants Bank of California, N.A.	Civil Money Penalty (CMP): Galletti, Sebastiano
Oct 7, 1991	OCC_OTS	Gateway Federal Savings Bank	Civil Money Penalty: Raymond Au
Oct 7, 1991	OCC	Merchants Bank of California, N.A.	Civil Money Penalty (CMP): Garcia, Robert D.
Oct 7, 1991	OCC	Merchants Bank of California, N.A.	Civil Money Penalty (CMP): Galletti, Abel C.
Oct 4, 1991	OCC	Hiawatha National Bank	Formal Agreement: Hiawatha National Bank
Oct 4, 1991	OCC_OTS	Allatoona Federal Savings Bank	Cease and Desist: Allatoona Federal Savings Bank
Oct 4, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Donald R. Stautberg
Oct 4, 1991	OCC_OTS	(individual)	Supervisory Agreement: Eureka Savings Bank, F.S.B.
Oct 4, 1991	FRB	(individual)	Written Agreement: Pioneer Bank, Fullerton, CA
Oct 3, 1991	FRB	(individual)	Written Agreement: Fairfield Financial Corporation, Fairfield, TX

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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