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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
Jul 25, 1991 The Kerens Bank Kerens, TX $19.5M Cedar Creek Bank
Jul 19, 1991 Pontchartrain State Bank Metairie, LA $140.0M First National Bank of Comm
Jul 19, 1991 Cooperative FSB Westmont, IL $74.9M Heritage Glenwood Bank
Jul 19, 1991 Community Guardian Bank Elmwood Park, NJ $55.3M Interchange State Bank
Jul 19, 1991 Clinton S & La Clinton, OK $22.2M Local Federal Bank, FSB
Jul 19, 1991 New Metropolitan FSB Hialeah, FL $18.4M Desjardins FSB
Jul 12, 1991 Pan American FSB San Mateo, CA $287.2M Pan American Bank, FSB
Jul 12, 1991 Danburry Savings & Loan Danbury, CT $270.2M Bristol FSB
Jul 12, 1991 Monycor Savings Bank Barron, WI $151.7M Branch sale
Jul 12, 1991 Fidelity FS & La Austin, TX $67.0M Deposit payout
Jul 12, 1991 Dripping Springs National Bank Dripping Springs, TX $20.2M Texas Bank
Jul 12, 1991 Landmark Thrift and Loan Association San Diego, CA $16.6M —
Jul 9, 1991 Surety FS & La Morganton, NC $224.8M First Citizens B&TC
Jun 28, 1991 First Mutual Bank for Savings Boston, MA $1.13B First National Bank of Bost
Jun 28, 1991 Metrobank FS & La Palisades Park, NJ $474.3M First FSB of DE
Jun 28, 1991 United FS & La Jonesboro, AR $142.5M Branch sale
Jun 21, 1991 Guardian FSA Huntington Beach, CA $682.1M Home Savings of America, FS
Jun 21, 1991 Beacon Co-Operative Bank Boston, MA $31.8M Grove Bank
Jun 14, 1991 Springfield Fsla Springfield, PA $97.5M Germantown SB
Jun 14, 1991 First Commerce SB, FSB Lowell, IN $10.9M Centier Bank
Jun 13, 1991 The Bank of Horton Horton, KS $167.3M Kansas State Bank
Jun 13, 1991 Tascosa National Bank of Amarillo Amarillo, TX $73.9M Team Bank
Jun 13, 1991 Peoples Bank Hewitt, TX $17.3M The National Bank of Gatesv
Jun 13, 1991 Texas Premier Bank of Victoria, National a Victoria, TX $15.4M Victoria Bank and Trust Com
Jun 7, 1991 Dryades S & La New Orleans, LA $262.3M Dryades SB, FSB
Jun 7, 1991 Woburn Five Cents Savings Bank Woburn, MA $247.2M Sterling Bank
Jun 6, 1991 Northwest Bank, N.A. San Antonio, TX $7.2M Valley-Hi National Bank of
May 31, 1991 Goldome Buffalo, NY $9.89B Key Bank of Western New Yor
May 31, 1991 Goldome FSB St. Petersburg, FL $1.48B First of America Bank/FL, F
May 31, 1991 Merabank Texas El Paso, TX $1.16B Branch sale
May 31, 1991 University Bank, N.A. Newton, MA $318.8M Sterling Bank
May 31, 1991 Westerleigh Savings Staten Island, NY $147.8M Branch sale
May 31, 1991 United FS & La Smyrna, GA $119.3M Branch sale
May 31, 1991 Burleson County Savings Assoc. Caldwell, TX $31.5M Citizens State Bank
May 31, 1991 Enterprise S&LA Compton, CA $13.5M Family SB, FSB
May 24, 1991 Progressive Savings Bank Pasadena, CA $388.3M Branch sale
May 24, 1991 Florida State Bank Holiday, FL $87.4M Orange Bank
May 24, 1991 First Security Bank Roanoke, VA $15.9M First Century Bank
May 23, 1991 Far West FSB Portland, OR $2.07B Branch sale
May 23, 1991 Liberty National Bank Lovington, NM $51.4M Western Commerce Bank
May 22, 1991 The First National Bank of Toms River Toms River, NJ $1.42B First Fidelity Bank, Nation
May 17, 1991 Altus FSB Mobile, AL $1.97B Branch sale
May 17, 1991 The Cosmopolitan National Bank of Chicago Chicago, IL $110.1M Cosmopolitan Bank and Trust
May 17, 1991 First City Bank New Orleans, LA $56.1M First Bank and Trust
May 17, 1991 Ludington FSB Ludington, MI $34.2M Northwestern SB&T
May 16, 1991 Capital Bank Dallas, TX $111.6M Bank One, Texas, National a
May 16, 1991 First National Bank of Cedar Hill Cedar Hill, TX $11.0M First State Bank
May 10, 1991 Madison National Bank Washington, DC $473.8M Signet Bank, National Assoc
May 10, 1991 Madison National Bank of Virginia McLean, VA $174.2M Signet Bank - Virginia
May 10, 1991 First FSA of Newton Newton, KS $125.6M Central NB-Newton

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 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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