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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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
Jul 1, 1991 Dekalb County School Employees Federal Credit Union IN Profed Federal Credit Union
Jul 1, 1991 Asheville Buncombe Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 The Martin Bank TN First Exchange Bank
Jul 1, 1991 (unnamed) — Citizens First State Bank
Jul 1, 1991 U.S. Government Employees Federal Credit Union AR Arkansas Federal Credit Union
Jul 1, 1991 School District 144 Employees Federal Credit Union IL Heights Auto Workers Credit Union
Jul 1, 1991 McWane Empl Cu AL Landmark Credit Union
Jul 1, 1991 (unnamed) — First Bank Mainland
Jul 1, 1991 Iveys Fcu FL Dillards Federal Credit Union
Jul 1, 1991 Southeastern Paper Prod Fcu TN Comtrust Federal Credit Union
Jul 1, 1991 H W S Federal Credit Union HI West Oahu Community Federal Credit Union
Jul 1, 1991 Firstar New Brighton Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Fountain City Federal Credit Union AL Mutual Savings Credit Union
Jul 1, 1991 Firstar Roseville Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Varo Employees Credit Union TX Texans Credit Union
Jul 1, 1991 Rantec Employees Federal Credit Union CA Premier America Credit Union
Jul 1, 1991 Henderson County Federal Credit Union TX Texas Trust Credit Union
Jul 1, 1991 Firstar St. Anthony Bank, National Association MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Five Points Guaranty Bank FL First Guaranty Bank and Trust Company of Jacksonville
Jul 1, 1991 West Far - Mor Credit Union ND United Savings Credit Union
Jul 1, 1991 First Interstate Bank of Algona IA Boatmen's Bank of North Iowa
Jul 1, 1991 East Jersey Savings Bank SLA NJ Investors Bank
Jul 1, 1991 First Western Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 McDonald Dairy Employees Credit Union MI Dort Financial Credit Union
Jul 1, 1991 Firstar Centennial Bank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Firstar MetroBank MN Firstar Bank of Minnesota, National Association
Jul 1, 1991 Ingles Employees Credit Union NC Premier Federal Credit Union
Jul 1, 1991 First Federal Savings Bank NC First-Citizens Bank & Trust Company
Jul 1, 1991 (unnamed) — Lasalle Bank Illinois
Jul 1, 1991 Tri State Ca Inc Cu GA Comtrust Federal Credit Union
Jul 1, 1991 Enterprise Bank, N.A. NC Triangle Bank
Jun 30, 1991 Square D Credit Union WI Guardian Credit Union
Jun 30, 1991 Whitney National Bank in St. Tammany Parish LA Whitney National Bank
Jun 30, 1991 Security Exchange Bancorp., Inc. OK Amquest Financial Corp.
Jun 30, 1991 U.S. Trust Company of California, N.A. CA U.S. Trust Company, National Association
Jun 30, 1991 Mission Valley Bancorp CA California Bancshares, Inc.
Jun 30, 1991 Ferryville State Bank WI River Bank
Jun 30, 1991 Kankakee Valspar Credit Union IL Riverside Community Credit Union
Jun 30, 1991 Thrift Associates Cu PA Vantage Trust Federal Credit Union
Jun 30, 1991 De Soto State Bank WI River Bank
Jun 30, 1991 Cleveland Steel & Tubes Employees Credit Union OH Steel Valley Federal Credit Union
Jun 29, 1991 Eastchester Savings Bank NY (unnamed)
Jun 29, 1991 Parker Bank Holding Corporation IN Summcorp
Jun 29, 1991 New Brunswick Savings Bank NJ Constellation Bank, National Association
Jun 29, 1991 Plaza National Bank TX Compass Bank-Dallas
Jun 29, 1991 Cottonwood Credit Union UT Health Care Credit Union
Jun 29, 1991 The Parker Banking Company IN Summit Bank of Muncie
Jun 28, 1991 Northern Trust of California N.A. CA Northern Trust Bank of California National Association
Jun 28, 1991 Inbancshares CA Comerica Holdings Incorporated
Jun 28, 1991 Nevada National Bancorporation NV Security Pacific Bank Nevada, National Association

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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