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
Nov 30, 1991	Nixa Bank	MO	Central Bank of The Ozarks
Nov 30, 1991	Cresta Blanca Federal Credit Union	CA	Uncle Credit Union
Nov 29, 1991	Community First North Dakota Bankshares, Inc.	ND	Community First Bankshares, Inc.
Nov 25, 1991	Luray Bankshares, Inc.	KS	The Peoples State Bank of Luray, Kansas
Nov 25, 1991	Placer Bancorporation	CA	Placer Bank of Commerce
Nov 25, 1991	The Fifth Third Bank of Western Ohio, National Association	OH	(unnamed)
Nov 23, 1991	The First National Bank of Geary	OK	The Peoples National Bank
Nov 23, 1991	American Bank	OK	American Heritage Bank
Nov 22, 1991	Ensley Neighborhood Federal Credit Union	AL	Americas First Federal Credit Union
Nov 22, 1991	U. S. Bank of Utah	UT	U.S. Bank, N.A.
Nov 18, 1991	(unnamed)	—	First Southern National Bank
Nov 16, 1991	Citizens Bank of Tolono	IL	Busey Bank
Nov 16, 1991	Albemarle Savings and Loan Association	NC	Truist Bank
Nov 16, 1991	Bank of Urbana	IL	Busey Bank
Nov 16, 1991	Community Bank of Mahomet	IL	Busey Bank
Nov 16, 1991	Northern Trust Bank of Florida/Naples National Association	FL	Northern Trust, National Association
Nov 15, 1991	The Maplewood Bank and Trust Company	NJ	Summit Bank
Nov 15, 1991	(unnamed)	—	Summit Bank
Nov 15, 1991	The Trust Company of Princeton	NJ	Summit Bank
Nov 15, 1991	Affiliated National Bank - Westlake	CO	Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991	The Miners' First National Bank & Trust Company of Ishpeming	MI	Wells Fargo Bank Michigan, National Association
Nov 10, 1991	Homewood Federal Savings and Loan Association	IL	Advance Bank
Nov 9, 1991	The Fifth Third Bank of Northwestern Ohio, National Association	OH	Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991	(unnamed)	—	Integra Bank/North
Nov 8, 1991	First Seneca Bank	PA	Integra Bank/North
Nov 7, 1991	The Citizens Bank of Newton County	GA	First Nation Bank
Nov 2, 1991	65 Realty Corp.	PA	Lehigh Valley Bank
Nov 2, 1991	Third Company	PA	Third National Bank and Trust Company of Scranton
Nov 2, 1991	BCB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	NBD Delaware Bank	DE	NBD Bank, National Association
Nov 1, 1991	C H and F Employees Credit Union	IL	Access Credit Union
Nov 1, 1991	TMB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	First Osmond Corporation	NE	First Laurel Security Co.
Nov 1, 1991	Complete Atlanta Fcu	GA	Fidelity Federal Credit Union
Nov 1, 1991	Sanilac County Teachers Credit Union	MI	Team One Credit Union
Nov 1, 1991	San Ignacio Credit Union	NM	Rio Grande Credit Union
Nov 1, 1991	Chickasawba Teachers Federal Credit Union	AR	Success Federal Credit Union
Nov 1, 1991	Old Colony Trust Company of South Carolina, National Association	SC	NCNB National Bank of South Carolina
Nov 1, 1991	West One Bank, King County	WA	West One Bank, Washington
Nov 1, 1991	First of America Bank-Muskegon	MI	First of America Bank-West Michigan, National Association
Nov 1, 1991	Economist Newspapers Federal Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1991	West One Bank, Spokane	WA	West One Bank, Washington
Nov 1, 1991	Lighthouse Community Credit Union	ME	Town & Country Federal Credit Union
Nov 1, 1991	National Security, a Federal Bank for Savings	IL	Bell Federal Savings and Loan Association
Nov 1, 1991	First National Bank of Temple - South	TX	Extraco Banks, N.A.
Nov 1, 1991	Summit County Bank	CO	The Bank, National Association
Nov 1, 1991	The Bank of Fairplay	CO	The Bank, National Association
Nov 1, 1991	Fed Empl Cu	GA	Center Parc Credit Union
Nov 1, 1991	First Fidelity Trust, National Association, Florida	FL	NBD Trust Company of Florida, National Association
Nov 1, 1991	Landis and GYR Powers Employees Credit Union	IL	Great Lakes Credit Union

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

Enforcement Actions in 1991

Action date	Agency	Institution	Action
Sep 23, 1991	FRB	Jackson Exchange Bank and Trust Company	Cease and Desist Order: Jackson Exchange Bank and Trust Company, Jackson, MO
Sep 23, 1991	FRB	First Exchange Bank of Cape Girardeau	Cease and Desist Order: First Exchange Corporation, Cape Girardeau, MO
Sep 23, 1991	FRB	First Exchange Bank of St. Louis	Cease and Desist Order: First Exchange Bank of St. Louis, St. Louis, MO
Sep 20, 1991	OCC_OTS	(individual)	Supervisory Agreement: Eli Anderson
Sep 19, 1991	OCC_OTS	(individual)	Cease and Desist: Security Savings Bank, F.S.B.
Sep 19, 1991	OCC_OTS	First Commercial Savings Bank	Civil Money Penalty: William H. Crawford
Sep 19, 1991	OCC	First National Bank of Akron	Civil Money Penalty (CMP): First National Bank of Akron, The
Sep 19, 1991	OCC	The Broadway National Bank of Chelsea	Formal Agreement: Broadway National Bank
Sep 19, 1991	OCC	ProBank, National Association	Formal Agreement: Probank, National Association
Sep 18, 1991	OCC	The Rawlins National Bank	Civil Money Penalty (CMP): The Rawlins National Bank
Sep 18, 1991	OCC_OTS	Universal Bank	Supervisory Agreement: Universal Savings Bank
Sep 18, 1991	OCC_OTS	St. Landry Bancshares, Inc.	Supervisory Agreement: St. Landry Homestead Federal Savings Bank
Sep 18, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Charles E. Haley
Sep 18, 1991	OCC	First Florida Banks, Incorporated	Formal Agreement: First Florida Bank, National Association
Sep 18, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Charles E. Hamilton
Sep 18, 1991	OCC_OTS	Civic Federal Savings Bank	Orders of Removal/Prohibition: Larry C. Kelliher
Sep 18, 1991	OCC_OTS	Butte Savings and Loan Association	Supervisory Agreement: Butte Savings and Loan Association
Sep 17, 1991	OCC_OTS	Sidney Federal Savings and Loan Association	Supervisory Agreement: Sidney Federal Savings and Loan Association
Sep 17, 1991	OCC_OTS	Pekin Savings and Loan Association	Supervisory Agreement: Pekin Savings and Loan Association
Sep 17, 1991	OCC	American National Bank and Trust Company	Formal Agreement: American National Bank And Trust Company
Sep 16, 1991	OCC_OTS	Pioneer Federal Savings and Loan Association	Civil Money Penalty: Thomas G. Welch
Sep 16, 1991	OCC_OTS	Dona Ana Savings and Loan Association Incorporated	Civil Money Penalty: Bernard Gluck
Sep 16, 1991	OCC_OTS	Dona Ana Savings and Loan Association Incorporated	Civil Money Penalty: Carlos Blanco
Sep 16, 1991	OCC_OTS	Dona Ana Savings and Loan Association Incorporated	Civil Money Penalty: J. Philip Kaltenback
Sep 16, 1991	OCC_OTS	Dona Ana Savings and Loan Association Incorporated	Civil Money Penalty: Richard E. McLean
Sep 16, 1991	OCC_OTS	Executive Banc Savings Association, F.A.	Orders of Removal/Prohibition: Vernon L. Watson
Sep 16, 1991	OCC_OTS	North Cincinnati Loan and Building Company	Supervisory Agreement: North Cincinnati Loan and Building Company
Sep 13, 1991	OCC_OTS	Citizens Federal Savings Bank	Supervisory Agreement: Citizens Federal Savings Bank
Sep 13, 1991	OCC_OTS	Peoples Federal Savings Bank	Supervisory Agreement: Peoples Federal Savings Bank
Sep 13, 1991	OCC_OTS	(individual)	Cease and Desist: Security Federal Savings and Loan Association of Nashville
Sep 13, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Agha Hasan Abedi
Sep 13, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Ghaith Pharaon
Sep 13, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Kemal Shoaib
Sep 13, 1991	FRB	Bcci Holdings (Luxembourg) S.A.	Notice of Intent: Swaleh Naqvi
Sep 12, 1991	FRB	Collinsville Bancorp, Inc.	Written Agreement: Collinsville Bancorp, Inc., Collinsville, OK
Sep 12, 1991	OCC_OTS	Elk County Savings and Loan Association	Supervisory Agreement: Elk County Savings and Loan Association
Sep 12, 1991	FRB	Collinsville Bancorp, Inc.	Written Agreement: William S. Flanagan, Jr.
Sep 11, 1991	OCC	Western National Bank of Cass Lake	Civil Money Penalty (CMP): Neises, Richard J.
Sep 11, 1991	OCC_OTS	Paramount Savings Bank	Supervisory Agreement: Paramount Savings Bank
Sep 11, 1991	OCC_OTS	Litchfield Community Savings and Loan Association	Orders of Removal/Prohibition: Richard N. Wimberly
Sep 10, 1991	OCC	The Hondo National Bank	Civil Money Penalty (CMP): Yanta, Fred J.
Sep 10, 1991	OCC	The Hondo National Bank	Civil Money Penalty (CMP): Graff, Fred L.
Sep 10, 1991	OCC	The Hondo National Bank	Civil Money Penalty (CMP): Finger, Henry M.
Sep 10, 1991	OCC	The Hondo National Bank	Prohibition/Removal Orders: Graff, Fred L.
Sep 10, 1991	OCC	Lakeside National Bank	Formal Agreement: Lakeside National Bank
Sep 10, 1991	FRB	Glenwood State Bank	Written Agreement: Glenwood State Bank, Glenwood, IA
Sep 10, 1991	FRB	(individual)	Written Agreement: First American Corporation and First American Bancshares, Inc., Washington, DC
Sep 9, 1991	OCC	The Pittsburg National Bank	Prohibition/Removal Orders: Clemens, Thomas N.
Sep 9, 1991	OCC	First Heritage Bank, National Association	C&D or PC&D Requiring Restitution: Clemens, Thomas N.
Sep 9, 1991	OCC_OTS	Westerly Savings Bank	Supervisory Agreement: Westerly Savings Bank

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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