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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
Mar 22, 1991 Citizens Security Bank Borger, TX $34.1M Amarillo NB
Mar 22, 1991 Republic SB, FSB Rockville, MD $26.4M First FSB of DE
Mar 21, 1991 Sabinal Bank Sabinal, TX $24.8M —
Mar 21, 1991 Citadel Bank Willis, TX $21.9M Tomball National Bank
Mar 15, 1991 Amerifirst Federal Savings Miami, FL $3.58B Great Western Bank, FSB
Mar 15, 1991 Home Savings Association Kansas City, MO $2.94B Branch sale
Mar 15, 1991 Bell Federal Savings Upper Darby, PA $850.6M Meridian Bank
Mar 15, 1991 The Blackstone Bank and Trust Co Boston, MA $49.3M Baybank Boston, N.A.
Mar 15, 1991 Arcanium FSA Arcanum, OH $45.4M Second NB
Mar 15, 1991 Sovereign SB Palm Harbor, FL $38.9M Fifth Third SB, FSB
Mar 14, 1991 Coolidge Corner Co-Operative Bank Brookline, MA $83.7M Brookline Savings Bank
Mar 14, 1991 Crossroads Bank Victoria, TX $22.4M Victoria Bank & Trust Compa
Mar 8, 1991 Jefferson Federal Sa Birmingham, AL $666.5M Branch sale
Mar 8, 1991 Beacon Federal Savings Baldwin, NY $406.0M North Side SB
Mar 8, 1991 Preffered Savings and Loan High Point, NC $224.5M Southern NB of NC
Mar 8, 1991 Alexander Hamilton Paterson, NJ $210.7M First Fidelity Bank, N.A.
Mar 8, 1991 First Citizens Sla Fort Pierce, FL $200.5M Riverside NB
Mar 8, 1991 First FSB Huron, SD $51.9M Branch sale
Mar 8, 1991 First FSA of Wewoka Wewoka, OK $32.9M First State Bank
Mar 8, 1991 Manilabank Los Angeles, CA $20.8M Ust California, National As
Mar 8, 1991 First Marine Bank of Florida Palm City, FL $17.2M 1st United Bank
Mar 8, 1991 Seafirst Bank Port St. Lucie, FL $11.5M Riverside National Bank of
Mar 1, 1991 Amerified Savings Bank Lawrenceville, NJ $110.6M Branch sale
Mar 1, 1991 Peoples Federal S & L Assoc. New Kensington, PA $107.6M Johnstown B&TC
Feb 28, 1991 United Citizens Bank, National Assoc College Station, TX $44.9M First American Bank
Feb 22, 1991 Hollywood FSB Hollywood, FL $1.53B First Union NB of FL
Feb 22, 1991 The McKinley Bank Niles, OH $70.6M The Dollar Savings & Trust
Feb 22, 1991 First FS & La Dallas, GA $37.5M Etowah Bank
Feb 21, 1991 Southwest National Bank Albuquerque, NM $37.2M The Bank of New Mexico, SPR
Feb 20, 1991 First Northern Coop Keene, NH $114.6M Granite Bank
Feb 14, 1991 Merchants Trust & Savings Bank Kenner, LA $43.8M First American Bank and Tru
Feb 14, 1991 The First National Bank of Worth Wortham, TX $7.3M Farmers State Bank
Feb 8, 1991 Unity FS & La Beverly Hills, CA $454.5M Branch sale
Feb 8, 1991 First Jersey S & La Assoc. Wyckoff, NJ $287.7M Valley NB
Feb 8, 1991 Family S & La Seattle, WA $99.6M Puget Sound NB
Feb 8, 1991 Peoples Federal Savings Bank Bay St. Louis, MS $59.7M Hancock Bank
Feb 8, 1991 First FSA of Waynesboro Waynesboro, TN $18.2M Wayne County Bank
Feb 7, 1991 Lockhart State Bank Lockhart, TX $24.3M Omnibank, National Associat
Feb 7, 1991 First National Bank in Kaufman Kaufman, TX $20.4M The Farmers & Merchants Nat
Feb 1, 1991 Coreast FSB Richmond, VA $1.21B Branch sale
Feb 1, 1991 Maine Savings Bank Portland, ME $1.18B Fleet Bank of Maine
Feb 1, 1991 First Federal Savings of Toledo Toledo, OH $1.02B First FSB
Feb 1, 1991 The Merchants Bank and Trust Co Norwalk, CT $269.9M Union Trust Company
Feb 1, 1991 George Washington FSA Jonesborough, TN $14.6M Home FS&LA of Upper E. TN
Jan 31, 1991 Bank of the Hills Austin, TX $255.1M Team Bank
Jan 31, 1991 Rockport Bank, N.A. Aransas County, TX $17.8M The Bank of Corpus Christi
Jan 29, 1991 Citizens National Bank and Trust Chicago, IL $18.8M First Bank of Oak Park
Jan 25, 1991 Columbia Savings & Loan Assn. Beverly Hills, CA $5.36B Branch sale
Jan 25, 1991 Trustbank FSB Tysons Corner, VA $1.82B Branch sale
Jan 25, 1991 Center S & La Clifton, NJ $132.6M Hub Center Bank

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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