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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
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
Dec 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

The list holds 500 of the 953 mergers recorded for 1991.

Enforcement Actions in 1991

Action date Agency Institution Action
Oct 3, 1991 OCC_OTS (individual) Cease and Desist: HomeFed Bank, Federal Savings Bank
Oct 3, 1991 OCC The Homer National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Homer National Bank
Oct 2, 1991 OCC_OTS Life Federal Savings Bank Supervisory Agreement: Life Savings Bank
Oct 2, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Burnett, Robert Dale
Oct 1, 1991 OCC_OTS (individual) Supervisory Agreement: First Federal Savngs and Loan Association
Oct 1, 1991 OCC_OTS First Savings Corporation Supervisory Agreement: First Federal Savings and Loan Association of Moline
Oct 1, 1991 OCC_OTS First Federal Savings Bank of Proviso Township Civil Money Penalty: Charles Braun
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Duncan, Glen
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Raley, Harlen
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Moore, John P.
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Leatherwood, James C.
Oct 1, 1991 OCC Federal City National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Federal City National Bank
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Johnson, John A.
Oct 1, 1991 OCC_OTS Ogden First Federal Savings and Loan Association Cease and Desist: Ogden First Federal Savings and Loan Association
Oct 1, 1991 FRB Shawmut National Corporation Written Agreement: Shawmut National Corporation, Boston, MA
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Leatherwood, Clarence "Ed"
Oct 1, 1991 OCC First National Bank of Dublin Civil Money Penalty (CMP): Kloster, W.P.
Oct 1, 1991 OCC_OTS (individual) Supervisory Agreement: Security Federal Savings and Loan Association
Sep 30, 1991 OCC_OTS Grand Bank for Savings, FSB Supervisory Agreement: Grand Bank for Savings, FSB
Sep 30, 1991 OCC_OTS Lincoln Corporation Supervisory Agreement: The Lincoln Savings Bank, FSB
Sep 30, 1991 OCC_OTS Dona Ana Savings and Loan Association Incorporated Civil Money Penalty: John H. McDowell
Sep 30, 1991 OCC The First National Bank of Hugo Civil Money Penalty (CMP): Morrison, R.G.
Sep 30, 1991 OCC Peoples National Bank Formal Agreement: Peoples National Bank
Sep 27, 1991 OCC The Private Bank & Trust, N.A. Civil Money Penalty (CMP): The Private Bank Of Coral Gables
Sep 27, 1991 OCC_OTS (individual) Cease and Desist: Gerald J. Ford
Sep 27, 1991 OCC_OTS (individual) Civil Money Penalty: Geral J. Ford
Sep 27, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: George S. Bennett Jr.
Sep 26, 1991 OCC_OTS Midfed Savings Bank Supervisory Agreement: MidFed Savings Bank
Sep 26, 1991 OCC_OTS Mitchell Home Savings & Loan Association Supervisory Agreement: Home Trust Savings and Loan Association
Sep 26, 1991 OCC_OTS First Savings Corporation Supervisory Agreement: First Savings and Loan Association of South Holland
Sep 26, 1991 OCC_OTS First Federal Savings Bank Supervisory Agreement: First Federal Savings Bank
Sep 26, 1991 OCC_OTS Saline Valley First Federal Savings and Loan Association Orders of Removal/Prohibition: Ronald E. Doerge
Sep 26, 1991 OCC_OTS Grand Savings Bank Orders of Removal/Prohibition: George W. Underwood
Sep 26, 1991 OCC_OTS Saline Valley First Federal Savings and Loan Association Cease and Desist: Ronald E. Doerge
Sep 26, 1991 OCC Chancery National Bank Civil Money Penalty (CMP): Dyer, Norman
Sep 26, 1991 OCC_OTS Mutual Building & Loan Association, F.A. Supervisory Agreement: Mutual Building and Loan Association, F.A.
Sep 25, 1991 OCC_OTS Dona Ana Savings and Loan Association Incorporated Civil Money Penalty: Stephen Blanco
Sep 25, 1991 OCC Universal Bancorp, Inc. Civil Money Penalty (CMP): Universal National Bank
Sep 25, 1991 OCC_OTS AmWest Savings Association Supervisory Agreement: AmWest Savings Association
Sep 25, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Deborah Lea Powers
Sep 24, 1991 OCC_OTS Bell Federal Savings and Loan Association Supervisory Agreement: Bell Federal Savings and Loan Association
Sep 24, 1991 OCC The Western National Bank of Colorado Springs Formal Agreement: Western National Bank Of Colorado Springs
Sep 23, 1991 FRB First Exchange Bank of North St. Louis County Cease and Desist Order: First Exchange Bank of North St. Louis County, Florissant, MO
Sep 23, 1991 FRB First Exchange Bank of Cape Girardeau Cease and Desist Order: First Exchange Bank of Cape Girardeau, Cape Girardeau, MO
Sep 23, 1991 OCC_OTS Blue Ridge Savings Bank, Inc Cease and Desist: Blue Ridge Savings Bank
Sep 23, 1991 FRB First Exchange Bank of Madison County Cease and Desist Order: First Exchange Bank of Madison County, Fredericktown, MO
Sep 23, 1991 OCC Jefferson National Bank Formal Agreement: Jefferson National Bank
Sep 23, 1991 FRB Bcci Holdings (Luxembourg) S.A. Notice of Intent: Kemal Shoaib
Sep 23, 1991 FRB Glenwood State Bank Civil Money Penalty $25,000: John C. Dean
Sep 23, 1991 FRB Glenwood State Bank Civil Money Penalty $25,000: Glenwood State Bank, Glenwood, IA

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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