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 | Assets |
|---|---|---|
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Jan 24, 1991 | Metropolitan National Bank | $97.3M |
| Jan 22, 1991 | American Bank, N.A. | $20.7M |
| Jan 18, 1991 | Irving Savings & Loan | $222.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Jan 11, 1991 | Community National Bank | $85.4M |
| Jan 11, 1991 | Connecticut Savings and Loan | $17.4M |
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Jan 6, 1991 | The Connecticut Bank & Trust Co | $7.21B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Jan 4, 1991 | Fulton Federal Savings Bank | $2.02B |
| Jan 4, 1991 | First Federal Savings & Loan | $638.6M |
| Jan 4, 1991 | Trident Federal S & L Assoc. | $47.2M |
| Jan 4, 1991 | Royal Oak FS & La | $27.3M |
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 | Acquirer |
|---|---|---|
| Dec 31, 1991 | Bank South, Washington County | Bank South |
| Dec 31, 1991 | (unnamed) | Bank South |
| Dec 31, 1991 | Colonial Bank of Sycamore | Castle Bank, National Association |
| Dec 31, 1991 | First Republic Thrift & Loan of San Diego | First Republic Thrift & Loan |
| Dec 31, 1991 | First Chicago Bank of Lincoln Park | Bank One, National Association |
| Dec 31, 1991 | Compass Bancshares, Inc. | Compass Banks of Texas, Inc. |
| Dec 31, 1991 | Platco Realty Corporation | Peoples Loan & Trust Bank |
| Dec 31, 1991 | Manufacturers Hanover Corporation | JPMorgan Chase & Co. |
| Dec 31, 1991 | Citizens Federal Savings and Loan Association | RBC Bank (USA) |
| Dec 31, 1991 | Bank South, Jasper County National Association | Bank South |
| Dec 31, 1991 | Bank South, Macon | Bank South |
| Dec 31, 1991 | Bank South, Houston County National Association | Bank South |
| Dec 31, 1991 | Pathway Financial, a Federal Association | Granite Bank, Federal Savings Bank |
| Dec 31, 1991 | Citywide Bank of Lakewood | (unnamed) |
| Dec 31, 1991 | Cardinal Federal Savings Bank | Granite Bank, Federal Savings Bank |
| Dec 31, 1991 | Star Savings and Loan Association | First Citizens Community Bank |
| Dec 31, 1991 | First State Bank of Mathis | The Commercial National Bank of Beeville |
| Dec 31, 1991 | Yardley Bank for Savings, FSB | Santander Bank, N.A. |
| Dec 31, 1991 | CCD Employees Federal Credit Union | Lormet Community Federal Credit Union |
| Dec 31, 1991 | Greyhound Lines Employees Federal Credit Union | Wright-Patt Credit Union, Inc. |
| Dec 31, 1991 | Bank South, Waycross | Bank South |
| Dec 31, 1991 | Bank South, Douglas | Bank South |
| Dec 31, 1991 | United Penn Bank | BNY Mellon, N.A. |
| Dec 31, 1991 | Action Federal Credit Union | Allegheny Valley Federal Credit Union |
| Dec 30, 1991 | Security Bancshares of Marion County, Inc. | 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 | Bangor Federal Credit Union |
| Dec 28, 1991 | Rockford Clinic Federal Credit Union | Rock Valley Credit Union |
| Dec 28, 1991 | Union Federal Savings | Community First Bank |
| Dec 27, 1991 | Utah Bank and Trust | Wells Fargo Trust Company, N.A. |
| Dec 25, 1991 | WWTC Employees Federal Credit Union | Vision Financial Federal Credit Union |
| Dec 20, 1991 | Landmark Bancshares Corporation | Landmark Bancshares Corporation |
| Dec 20, 1991 | (unnamed) | Boatmens Trust Company |
| Dec 20, 1991 | Controls Company of America Employees Federal Credit Union | Soreng Employees Credit Union |
| Dec 16, 1991 | Colorado National Bank - Aurora | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Lakewood | Colorado National Bank |
| Dec 16, 1991 | New Mexico Bank Corporation | First State Bancorporation |
| Dec 16, 1991 | Colorado National Bank - Arapahoe | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Arvada | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Boulevard | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Boulder | Colorado National Bank |
| Dec 16, 1991 | National Bank of Albuquerque | First Community Bank |
| Dec 16, 1991 | Colorado National Bank - Tech Center | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Golden | Colorado National Bank |
| Dec 16, 1991 | Hunter Savings Association | The Provident Bank |
| Dec 16, 1991 | Colorado National Bank-Southwest | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Evergreen | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - South | Colorado National Bank |
| Dec 16, 1991 | Colorado National Bank - Northeast | Colorado National Bank |
| Dec 15, 1991 | Standard State Bank and Trust | 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 | Assets |
|---|---|---|
| Dec 4, 1991 | The Douglass Bank | $31.9M |
| Oct 2, 1991 | The Gunnison Bank & Trust Co. | $20.1M |
| Sep 16, 1991 | First Bank and Trust | $26.6M |
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