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 9, 1991	OCC_OTS	Westerly Savings and Loan Association	Supervisory Agreement: Westerly Savings
Sep 9, 1991	OCC_OTS	Smithville Savings and Loan Association	Cease and Desist: Smithville Savings and Loan Association
Sep 6, 1991	FRB	First Cumberland Bank	Written Agreement: First Cumberland Bank, Madison, TN
Sep 5, 1991	OCC_OTS	The Buckeye Savings Bank	Supervisory Agreement: The Buckeye Savings Bank
Sep 5, 1991	OCC_OTS	Commercial Federal Bank, a Federal Savings Bank	Orders of Removal/Prohibition: Jataun S. McNair
Sep 5, 1991	OCC_OTS	(individual)	Cease and Desist: Costal Savings Bank, FSB
Sep 5, 1991	OCC_OTS	Nutmeg Federal Savings and Loan Association	Cease and Desist: Nutmeg Federal Savings and Loan Association
Sep 5, 1991	OCC	City National Bank of Sayre	Civil Money Penalty (CMP): Noyes, Alan W.
Sep 5, 1991	OCC	Executive Park National Bank	Formal Agreement: Executive Park National Bank
Sep 5, 1991	OCC_OTS	Amsterdam Savings Bank	Supervisory Agreement: Amsterdam Savings Bank, FSB
Sep 4, 1991	OCC_OTS	Pointe Savings Bank	Civil Money Penalty: Pointe Savings Bank
Sep 4, 1991	OCC	(individual)	Formal Agreement: First Nh Bank, N.A.
Sep 4, 1991	OCC_OTS	Shelby County Savings Association	Supervisory Agreement: Shelby County Savings Assocition
Sep 4, 1991	OCC_OTS	Shelby Panola Savings Association	Supervisory Agreement: Shelby County Savings Association
Sep 3, 1991	FRB	First Potomac Bancorp, Inc.	Cease and Desist Order: Sailors and Merchants Bank and Trust, Vienna, VA and First …
Sep 3, 1991	OCC_OTS	Territorial Financial Services, Inc.	Supervisory Agreement: Territorial Savings and Loan Association
Sep 3, 1991	OCC_OTS	(individual)	Supervisory Agreement: First Federal Savings and Loan Association of Indiana
Sep 3, 1991	OCC_OTS	Gloversville Federal Savings and Loan Association	Cease and Desist: Gloversville Federal Savings and Loan Association
Sep 3, 1991	OCC	The First National Bank of Pandora	Civil Money Penalty (CMP): Geiger, Grover
Sep 3, 1991	FRB	(individual)	Written Agreement: Bank of Boston Corporation, Boston, MA
Aug 30, 1991	OCC_OTS	Equitable Federal Savings Bank	Orders of Removal/Prohibition: Paula Jane Stockton
Aug 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: John M. Smock
Aug 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Civil Money Penalty: Terry Crais
Aug 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Orders of Removal/Prohibition: Terry Craig
Aug 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Cease and Desist: John M. Smock
Aug 30, 1991	OCC_OTS	Affiliated Computer Systems, Inc.	Civil Money Penalty: Affiliated Computer Systems, Inc.
Aug 30, 1991	OCC_OTS	First Savings Corporation	Supervisory Agreement: First Federal SAvings and Loan Association of Pekin
Aug 30, 1991	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Civil Money Penalty: John M. Smock
Aug 30, 1991	OCC_OTS	Commercial Federal Bank, a Federal Savings Bank	Orders of Removal/Prohibition: Roger J. Allen
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: W. G Krause
Aug 29, 1991	OCC_OTS	Sun Savings Association	Supervisory Agreement: Sun Savings Association
Aug 29, 1991	OCC_OTS	Dalhart Federal Savings & Loan Association, SSB	Supervisory Agreement: Dalhart Federal Savings and Loan Association
Aug 29, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: William H. McKenzie III
Aug 29, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: Thomas G. Estes Jr.
Aug 29, 1991	OCC_OTS	(individual)	Orders of Removal/Prohibition: G. Richard Munton
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: W. T. Greene
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: W. H. Griffin, III
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: R. W. Bagwell
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: R. M. Folsom
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: R. L. Evans
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: R. J Davis
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: R. E. Barr
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: J. W. Floyd
Aug 29, 1991	OCC_OTS	(individual)	Civil Money Penalty: H. M. Turton, Jr.
Aug 29, 1991	OCC_OTS	(individual)	Cease and Desist: William H. McKenzie, III
Aug 29, 1991	OCC_OTS	(individual)	Cease and Desist: Thomas G. Estes, Jr.
Aug 29, 1991	OCC_OTS	(individual)	Cease and Desist: G. Richard Munton
Aug 28, 1991	OCC_OTS	(individual)	Civil Money Penalty: A. B. Brantley
Aug 28, 1991	OCC_OTS	(individual)	Civil Money Penalty: J. T. Dudley
Aug 28, 1991	OCC_OTS	(individual)	Civil Money Penalty: Odie Malone

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

Browse adjacent years: 1990 · 1992

Or jump to a category: Failures · Mergers · Enforcement · Assistance