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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
Jan 25, 1991 Alvarado Bank Richmond, CA $33.5M Pacific Bay Bank
Jan 25, 1991 Coral S & La Coral Springs, FL $32.2M Bank of N. America-Broward
Jan 24, 1991 Metropolitan National Bank Farmers Branch, TX $97.3M Comerica Bank-Texas
Jan 22, 1991 American Bank, N.A. Rio Rancho, NM $20.7M United New Mexico Bank at a
Jan 18, 1991 Irving Savings & Loan Paterson, NJ $222.5M Hudson United Bank
Jan 18, 1991 Beach Federal Savings Assoc. Fountain Valley, CA $81.8M Queen City Bank, N.A.
Jan 11, 1991 Far West Savings & Loan Newport Beach, CA $3.71B Branch sale
Jan 11, 1991 Malibu SB Costa Mesa, CA $139.1M Brentwood Bank of CA
Jan 11, 1991 Community National Bank Glastonbury, CT $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford, CT $17.4M Bank of Boston CT/Bboc
Jan 6, 1991 Bank of New England, National Assoc Boston, MA $13.43B New Bank of New England, N.A.
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford, CT $7.21B New Connecticut Bank & Trus
Jan 6, 1991 Maine National Bank Portland, ME $1.05B New Maine National Bank
Jan 4, 1991 First FS & La of Pittsburg Pittsburgh, PA $3.09B PNC Interim FSB
Jan 4, 1991 Fulton Federal Savings Bank Atlanta, GA $2.02B Branch sale
Jan 4, 1991 First Federal Savings & Loan San Antonio, TX $638.6M First FSB
Jan 4, 1991 Trident Federal S & L Assoc. Newark, NJ $47.2M Collective FSB
Jan 4, 1991 Royal Oak FS & La Randallstown, MD $27.3M Royal Oak SB, FSB

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 14, 1991 Century Bank at Orchard Road CO Century Bank
Dec 14, 1991 Amboy National Bank NJ Amboy Bank
Dec 14, 1991 Century Bank North CO Century Bank
Dec 13, 1991 First State Bank TX Heritage Bank
Dec 13, 1991 Anne Arundel General Hospital Federal Credit Union MD National Institutes of Health Federal Credit Union
Dec 13, 1991 Cleveland Bank & Trust TX Heritage Bank
Dec 13, 1991 Park Tower National Bank TX Heritage Bank
Dec 12, 1991 Ameriway Bank National Association TX Compass Bank
Dec 12, 1991 Summit Bank of South Bend IN Summit Bank
Dec 10, 1991 Gateway Western Bank CA North County Bank
Dec 9, 1991 FirstBank of Southmoor Park, National Association CO FirstBank of Tech Center
Dec 9, 1991 (unnamed) — FirstBank North
Dec 9, 1991 FirstBank at 30th/Arapahoe, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Table Mesa, National Association CO FirstBank of Boulder
Dec 9, 1991 FirstBank of Edgewater, National Association CO FirstBank of Wheat Ridge
Dec 9, 1991 FirstBank at 9th/Corona, National Association CO FirstBank of Denver
Dec 9, 1991 FirstBank at Chambers/Mississippi, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank at Buckley/Quincy, National Association CO FirstBank of Aurora
Dec 9, 1991 FirstBank of Green Mountain, National Association CO FirstBank of Lakewood
Dec 9, 1991 Boatmen's Mountain Grove National Bank MO Boatmen's Bank of Southern Missouri
Dec 9, 1991 Rock Falls National Bank IL Mercantile Bank of Sterling-Rock Falls National Association
Dec 9, 1991 (unnamed) — FirstBank of Longmont, National Association
Dec 9, 1991 Kaw Valley Bank KS Firstar Bank, National Association
Dec 9, 1991 FirstBank at Arapahoe/Yosemite CO FirstBank of Arapahoe County
Dec 7, 1991 Founders National Bank CA Landmark Bank
Dec 7, 1991 Bank One, Wapakoneta, National Association OH Bank One, Lima, National Association
Dec 7, 1991 The Durham State Bank KS Central National Bank Marion County
Dec 7, 1991 London State Bank MN Sterling State Bank
Dec 6, 1991 Arlington State Bank TX Bank of North Texas, National Association
Dec 6, 1991 Bank of North Texas TX Bank of North Texas, National Association
Dec 6, 1991 Grange Co-Op Federal Credit Union ID Pioneer Federal Credit Union
Dec 6, 1991 Nabisco Houston Federal Credit Union TX Primeway Federal Credit Union
Dec 5, 1991 Griffith Consumers Employees Federal Credit Union MD Educational Systems Federal Credit Union
Dec 2, 1991 Cumberland Financial Services, Incorporated MN Firstar Corporation of Wisconsin
Dec 2, 1991 Battle Creek Enquirer Credit Union MI Omni Community Credit Union
Dec 2, 1991 Veterans Administration Medical Center Columbia Federal Credit Union SC Allsouth Federal Credit Union
Dec 2, 1991 Town & County Credit Union ND First Community Credit Union
Dec 2, 1991 Greater Baltimore Merchants Employees Credit Union MD Securityplus Federal Credit Union
Dec 2, 1991 Old National Bancshares, Inc. IL Mercantile Bancorporation Incorporated of Illinois
Dec 1, 1991 Arkansas State University Federal Credit Union AR Success Federal Credit Union
Dec 1, 1991 Norden Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Dec 1, 1991 Pioneer Bank of Evanston WY The Equality State Bank
Dec 1, 1991 Aliant Bank for Savings, F.S.B. AL Aliant Bank
Dec 1, 1991 Central Life Empl Cu FL Floridacentral Credit Union
Dec 1, 1991 Guarantee Mutual Credit Union NE Centris Federal Credit Union
Dec 1, 1991 Swayne Robinson Employees Federal Credit Union IN Wufface Federal Credit Union
Dec 1, 1991 Eclipse Employees Federal Credit Union IL Rock Valley Credit Union
Dec 1, 1991 Saint Bartholomew Parish Credit Union MI Motor City Co-Op Credit Union
Dec 1, 1991 Workmens Circle Credit Union MN Ideal Credit Union
Nov 30, 1991 United Missouri Bank of Paris MO UMB Bank, Northeast

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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