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
May 10, 1991	First FS & La of Creston	Creston, IA	$67.3M	First FSB of Creston
May 10, 1991	Colonial FSB	Cranston, RI	$60.6M	Deposit payout
May 10, 1991	First FS & La of Fargo	Fargo, ND	$50.0M	First NB of ND
May 10, 1991	Capitol Federal Bank for Savings	Chicago, IL	$39.3M	Columbia NB of Chicago
May 10, 1991	The Washington Bank (Of Maryland)	Baltimore, MD	$39.0M	The First National Bank of
May 10, 1991	Guaranty FSA	Warner Robins, GA	$25.6M	Crossroads Bank of GA
May 10, 1991	Vermilion FSB	Abbeville, LA	$17.8M	First Acadiana NB
May 9, 1991	Texas Bank and Trust of Temple	Temple, TX	$45.2M	The Peoples National Bank O
May 9, 1991	Village Green National Bank	Jersey Village, TX	$29.5M	Bank of America Texas, Nati
May 9, 1991	The First National Bank of Poth	Poth, TX	$18.7M	Bank of Floresville
May 9, 1991	Chireno State Bank	Chireno, TX	$12.4M	The First State Bank
May 3, 1991	Boston Trade Bank	Boston, MA	$307.0M	The First National Bank of
May 3, 1991	First FS & La of Pittsburg	Pittsburg, KS	$290.9M	Farm & Home Sa
May 3, 1991	Security FS & La of Albuquerque	Albuquerque, NM	$261.7M	Branch sale
May 3, 1991	Sentry FSA	Norfolk, VA	$50.3M	Deposit payout
May 3, 1991	Newton Savings Bank, FSA	Fairfield, NJ	$40.9M	Sussex County State Bank
May 3, 1991	Century Federal Savings	Chicago, IL	$25.9M	Metropolitan B&TC
May 3, 1991	Liberty SB, FSB	Marietta, OH	$17.8M	People's B&TC
Apr 26, 1991	Sunbelt Savings	Irving, TX	$6.04B	Bank of America
Apr 26, 1991	John Hanson FSB	Beltsville, MD	$840.7M	Branch sale
Apr 26, 1991	Red River FS & La	Lawton, OK	$422.2M	Branch sale
Apr 26, 1991	Augusta FSA	Baltimore, MD	$151.3M	Branch sale
Apr 26, 1991	Home FS & La, F.A.	Algona, IA	$134.3M	Branch sale
Apr 26, 1991	Executive SB, FSB	Marina Del Rey, CA	$58.6M	Century FS&LA
Apr 26, 1991	Columbine Valley Bank and Trust	Jefferson County, CO	$9.5M	Vectra Bank
Apr 19, 1991	Metropolitan FS & La	Nashville, TN	$985.1M	Union Planters NB
Apr 19, 1991	Cimarron Federal Savings	Muskogee, OK	$782.0M	Branch sale
Apr 19, 1991	Prospect Park, FSB	West Paterson, NJ	$511.5M	Lakeview SB
Apr 19, 1991	Chisholm FS & La	Kingfisher, OK	$154.4M	Branch sale
Apr 19, 1991	Mercantile Savings Bank	Southaven, MS	$33.8M	First TN Bank Na, Ms
Apr 18, 1991	Community National Bank	Sherman, TX	$19.0M	American Bank of Sherman, N
Apr 12, 1991	Security Savings & Loan	Waterbury, CT	$143.2M	American Bank of CT
Apr 12, 1991	Arizona Commerce Bank	Tucson, AZ	$80.8M	Arizona Bank of Commerce
Apr 12, 1991	Whitney Bank and Trust	Hamden, CT	$40.6M	First Constitution Bank
Apr 11, 1991	American Bank & Trust Company	Shreveport, LA	$60.9M	Tri-State Bank and Trust
Apr 5, 1991	First FS & La of Seminole Co.	Sanford, FL	$185.3M	Federal Trust Bank, FSB
Apr 5, 1991	First Savings of Zion	Zion, IL	$63.2M	Advantage Bank
Apr 5, 1991	Columbia FSA of Hamilton	Hamilton, OH	$61.3M	Home FB, a FSB
Apr 5, 1991	The Blueville Bank of Grafton	Grafton, WV	$48.1M	The Empire National Bank of
Apr 5, 1991	First Federal SB, FSB	Ashburn, GA	$30.2M	Branch sale
Apr 4, 1991	First State Bank	Weimar, TX	$26.0M	Hill Bank & Trust Co.
Mar 29, 1991	City Bank and Trust	Claremont, NH	$116.0M	First NH Bank
Mar 29, 1991	Citizens National Bank	Limon, CO	$11.4M	First National Bank of Limo
Mar 28, 1991	The Landmark Bank	Hartford, CT	$227.9M	People's Bank
Mar 27, 1991	County Bank, FSB	Santa Barbara, CA	$1.17B	Home Savings of America, FS
Mar 22, 1991	United FSA of Iowa	Des Moines, IA	$895.8M	Branch sale
Mar 22, 1991	State Savings	Jackson Heights, NY	$445.4M	Branch sale
Mar 22, 1991	First FSA of Chickasha	Chickasha, OK	$161.4M	Branch sale
Mar 22, 1991	The Federal SB, FSB	Swainsboro, GA	$150.9M	Branch sale
Mar 22, 1991	American Federal Bank	Ada, OK	$110.2M	Home FS&LA of Ada

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 1, 1991	Progressive Federal Savings Bank	MO	Progressive Ozark Bank
Nov 1, 1991	First State Bank of Lyman	WY	The Equality State Bank
Nov 1, 1991	News Corporation Employees Credit Union	MO	Postal & Community Credit Union
Oct 31, 1991	Olin Employees Credit Union of Joliet	IL	Tech Credit Union
Oct 31, 1991	Kemba Little Rock Credit Union	AR	Kemba Delta Federal Credit Union
Oct 30, 1991	Indian Head Mortgage Corp.	NH	Fleet Bank-NH
Oct 30, 1991	Fleet/Norstar Services-NH, Corporation	NH	Fleet Bank-NH
Oct 30, 1991	Indian Head Bank Services Corporation	NH	Fleet Bank-NH
Oct 30, 1991	Jeffrey Employees Credit Union, Inc.	OH	Wright-Patt Credit Union, Inc.
Oct 28, 1991	FirstBank of Minturn	CO	FirstBank of Vail
Oct 28, 1991	Manufacturers Bank of Lansing	MI	Manufacturers Bank, National Association
Oct 28, 1991	FirstBank of Beaver Creek, National Association	CO	FirstBank of Avon
Oct 28, 1991	Manufacturers National Bank of Grand Rapids	MI	Manufacturers Bank, National Association
Oct 28, 1991	Ponce Metropolitan Federal Credit Union	PR	Borinquen Sur Federal Credit Union
Oct 28, 1991	FirstBank of West Vail	CO	FirstBank of Vail
Oct 28, 1991	United Illinois Bank of New Athens	IL	Central Bank
Oct 26, 1991	Century Bank at Broadway	CO	Century Bank
Oct 26, 1991	Callaway Gardens Credit Association Credit Union	GA	Five Star Credit Union
Oct 26, 1991	Heritage Bank of Oak Lawn	IL	Heritage Bank
Oct 26, 1991	Heritage Bank Crestwood	IL	Heritage Bank
Oct 26, 1991	Columbia National Bank-Belmont	IL	Columbia National Bank of Chicago
Oct 26, 1991	(unnamed)	—	Heritage Bank
Oct 25, 1991	Sioux Quality Credit Union	IA	Telco Triad Community Credit Union
Oct 24, 1991	BayBank First Easthampton, N.A.	MA	BayBank, National Association
Oct 24, 1991	BayBank Harvard Trust Company	MA	BayBank, National Association
Oct 24, 1991	BayBank South	MA	BayBank, National Association
Oct 24, 1991	BayBank Valley Trust Company	MA	BayBank, National Association
Oct 23, 1991	Americorp, Inc.	OK	Ameribank Corporation
Oct 23, 1991	Randolph County FS&LA	GA	First State Bank & Trust Company
Oct 21, 1991	MCS Employees Credit Union, Inc.	OH	The Ohio Educational Credit Union, Inc.
Oct 19, 1991	Hannibal Mutual Loan and Building Association	MO	Roosevelt Bank
Oct 18, 1991	Boatmen's National Bank of Richmond	MO	Boatmen's River Valley Bank
Oct 18, 1991	Exchange Bank of Schmidt & Koester	KS	Gold Bank
Oct 12, 1991	First Community Industrial Bank of Lakewood	CO	First Community Industrial Bank
Oct 12, 1991	First Community Industrial Bank	CO	First Community Industrial Bank
Oct 12, 1991	American Industrial Bank of Aurora	CO	First Community Industrial Bank
Oct 12, 1991	The State Bank of Kirkland	IL	The Belvidere National Bank and Trust Company
Oct 12, 1991	U.S. Shoe Employees Federal Credit Union	IN	Members Trust Federal Credit Union
Oct 12, 1991	First Community Industrial Bank of Longmont	CO	First Community Industrial Bank
Oct 12, 1991	American Industrial Bank of Arvada	CO	First Community Industrial Bank
Oct 12, 1991	First Community Industrial Bank of Littleton	CO	First Community Industrial Bank
Oct 12, 1991	American Industrial Bank of Lakewood	CO	First Community Industrial Bank
Oct 12, 1991	First Community Industrial Bank of Fort Collins	CO	First Community Industrial Bank
Oct 11, 1991	First National Bank	TX	Team Bank
Oct 10, 1991	Bank of Speedwell, Inc.	VA	Premier Bank-South, National Association
Oct 9, 1991	Milton Tri-County Bank	WV	Huntington Bank Huntington National Association
Oct 8, 1991	Scott Methodist Credit Union	MI	Credit Union One
Oct 7, 1991	Basf Fibers Employees Federal Credit Union	VA	1st Advantage Federal Credit Union
Oct 7, 1991	Widmer Bancshares, Inc.	MO	Widmer Bancshares, Inc.
Oct 5, 1991	Bank of San Clemente	CA	Eldorado Bank

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