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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
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 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

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