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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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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