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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
Dec 31, 1991 Bank South, Washington County GA Bank South
Dec 31, 1991 (unnamed) — Bank South
Dec 31, 1991 Colonial Bank of Sycamore IL Castle Bank, National Association
Dec 31, 1991 First Republic Thrift & Loan of San Diego CA First Republic Thrift & Loan
Dec 31, 1991 First Chicago Bank of Lincoln Park IL Bank One, National Association
Dec 31, 1991 Compass Bancshares, Inc. TX Compass Banks of Texas, Inc.
Dec 31, 1991 Platco Realty Corporation IN Peoples Loan & Trust Bank
Dec 31, 1991 Manufacturers Hanover Corporation NY JPMorgan Chase & Co.
Dec 31, 1991 Citizens Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1991 Bank South, Jasper County National Association GA Bank South
Dec 31, 1991 Bank South, Macon GA Bank South
Dec 31, 1991 Bank South, Houston County National Association GA Bank South
Dec 31, 1991 Pathway Financial, a Federal Association IL Granite Bank, Federal Savings Bank
Dec 31, 1991 Citywide Bank of Lakewood CO (unnamed)
Dec 31, 1991 Cardinal Federal Savings Bank OH Granite Bank, Federal Savings Bank
Dec 31, 1991 Star Savings and Loan Association PA First Citizens Community Bank
Dec 31, 1991 First State Bank of Mathis TX The Commercial National Bank of Beeville
Dec 31, 1991 Yardley Bank for Savings, FSB PA Santander Bank, N.A.
Dec 31, 1991 CCD Employees Federal Credit Union OH Lormet Community Federal Credit Union
Dec 31, 1991 Greyhound Lines Employees Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 31, 1991 Bank South, Waycross GA Bank South
Dec 31, 1991 Bank South, Douglas GA Bank South
Dec 31, 1991 United Penn Bank PA BNY Mellon, N.A.
Dec 31, 1991 Action Federal Credit Union PA Allegheny Valley Federal Credit Union
Dec 30, 1991 Security Bancshares of Marion County, Inc. KY Community Financial of Kentucky, Inc.
Dec 30, 1991 Banco Hispano Americano, S.A. — Banco Central Hispanoamericano, S.A.
Dec 28, 1991 Saint Marys-St Matthews Federal Credit Union ME Bangor Federal Credit Union
Dec 28, 1991 Rockford Clinic Federal Credit Union IL Rock Valley Credit Union
Dec 28, 1991 Union Federal Savings MI Community First Bank
Dec 27, 1991 Utah Bank and Trust UT Wells Fargo Trust Company, N.A.
Dec 25, 1991 WWTC Employees Federal Credit Union NC Vision Financial Federal Credit Union
Dec 20, 1991 Landmark Bancshares Corporation MO Landmark Bancshares Corporation
Dec 20, 1991 (unnamed) — Boatmens Trust Company
Dec 20, 1991 Controls Company of America Employees Federal Credit Union IL Soreng Employees Credit Union
Dec 16, 1991 Colorado National Bank - Aurora CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Lakewood CO Colorado National Bank
Dec 16, 1991 New Mexico Bank Corporation NM First State Bancorporation
Dec 16, 1991 Colorado National Bank - Arapahoe CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Arvada CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulevard CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Boulder CO Colorado National Bank
Dec 16, 1991 National Bank of Albuquerque NM First Community Bank
Dec 16, 1991 Colorado National Bank - Tech Center CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Golden CO Colorado National Bank
Dec 16, 1991 Hunter Savings Association OH The Provident Bank
Dec 16, 1991 Colorado National Bank-Southwest CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Evergreen CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - South CO Colorado National Bank
Dec 16, 1991 Colorado National Bank - Northeast CO Colorado National Bank
Dec 15, 1991 Standard State Bank and Trust MO Bank IV Missouri, National Association

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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