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
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
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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