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
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

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