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 | Assets |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 | Acquirer |
|---|---|---|
| Nov 30, 1991 | Nixa Bank | Central Bank of The Ozarks |
| Nov 30, 1991 | Cresta Blanca Federal Credit Union | Uncle Credit Union |
| Nov 29, 1991 | Community First North Dakota Bankshares, Inc. | Community First Bankshares, Inc. |
| Nov 25, 1991 | Luray Bankshares, Inc. | The Peoples State Bank of Luray, Kansas |
| Nov 25, 1991 | Placer Bancorporation | Placer Bank of Commerce |
| Nov 25, 1991 | The Fifth Third Bank of Western Ohio, National Association | (unnamed) |
| Nov 23, 1991 | The First National Bank of Geary | The Peoples National Bank |
| Nov 23, 1991 | American Bank | American Heritage Bank |
| Nov 22, 1991 | Ensley Neighborhood Federal Credit Union | Americas First Federal Credit Union |
| Nov 22, 1991 | U. S. Bank of Utah | U.S. Bank, N.A. |
| Nov 18, 1991 | (unnamed) | First Southern National Bank |
| Nov 16, 1991 | Citizens Bank of Tolono | Busey Bank |
| Nov 16, 1991 | Albemarle Savings and Loan Association | Truist Bank |
| Nov 16, 1991 | Bank of Urbana | Busey Bank |
| Nov 16, 1991 | Community Bank of Mahomet | Busey Bank |
| Nov 16, 1991 | Northern Trust Bank of Florida/Naples National Association | Northern Trust, National Association |
| Nov 15, 1991 | The Maplewood Bank and Trust Company | Summit Bank |
| Nov 15, 1991 | (unnamed) | Summit Bank |
| Nov 15, 1991 | The Trust Company of Princeton | Summit Bank |
| Nov 15, 1991 | Affiliated National Bank - Westlake | Bank One, Fort Collins/Loveland, National Association |
| Nov 11, 1991 | The Miners' First National Bank & Trust Company of Ishpeming | Wells Fargo Bank Michigan, National Association |
| Nov 10, 1991 | Homewood Federal Savings and Loan Association | Advance Bank |
| Nov 9, 1991 | The Fifth Third Bank of Northwestern Ohio, National Association | Fifth Third Bank, Northwestern Ohio, National Association |
| Nov 8, 1991 | (unnamed) | Integra Bank/North |
| Nov 8, 1991 | First Seneca Bank | Integra Bank/North |
| Nov 7, 1991 | The Citizens Bank of Newton County | First Nation Bank |
| Nov 2, 1991 | 65 Realty Corp. | Lehigh Valley Bank |
| Nov 2, 1991 | Third Company | Third National Bank and Trust Company of Scranton |
| Nov 2, 1991 | BCB, Inc. | Bucks County Bank and Trust Company |
| Nov 1, 1991 | NBD Delaware Bank | NBD Bank, National Association |
| Nov 1, 1991 | C H and F Employees Credit Union | Access Credit Union |
| Nov 1, 1991 | TMB, Inc. | Bucks County Bank and Trust Company |
| Nov 1, 1991 | First Osmond Corporation | First Laurel Security Co. |
| Nov 1, 1991 | Complete Atlanta Fcu | Fidelity Federal Credit Union |
| Nov 1, 1991 | Sanilac County Teachers Credit Union | Team One Credit Union |
| Nov 1, 1991 | San Ignacio Credit Union | Rio Grande Credit Union |
| Nov 1, 1991 | Chickasawba Teachers Federal Credit Union | Success Federal Credit Union |
| Nov 1, 1991 | Old Colony Trust Company of South Carolina, National Association | NCNB National Bank of South Carolina |
| Nov 1, 1991 | West One Bank, King County | West One Bank, Washington |
| Nov 1, 1991 | First of America Bank-Muskegon | First of America Bank-West Michigan, National Association |
| Nov 1, 1991 | Economist Newspapers Federal Credit Union | Illiana Financial Credit Union |
| Nov 1, 1991 | West One Bank, Spokane | West One Bank, Washington |
| Nov 1, 1991 | Lighthouse Community Credit Union | Town & Country Federal Credit Union |
| Nov 1, 1991 | National Security, a Federal Bank for Savings | Bell Federal Savings and Loan Association |
| Nov 1, 1991 | First National Bank of Temple - South | Extraco Banks, N.A. |
| Nov 1, 1991 | Summit County Bank | The Bank, National Association |
| Nov 1, 1991 | The Bank of Fairplay | The Bank, National Association |
| Nov 1, 1991 | Fed Empl Cu | Center Parc Credit Union |
| Nov 1, 1991 | First Fidelity Trust, National Association, Florida | NBD Trust Company of Florida, National Association |
| Nov 1, 1991 | Landis and GYR Powers Employees Credit Union | Great Lakes Credit Union |
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 | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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