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 14, 1991 | Century Bank at Orchard Road | Century Bank |
| Dec 14, 1991 | Amboy National Bank | Amboy Bank |
| Dec 14, 1991 | Century Bank North | Century Bank |
| Dec 13, 1991 | First State Bank | Heritage Bank |
| Dec 13, 1991 | Anne Arundel General Hospital Federal Credit Union | National Institutes of Health Federal Credit Union |
| Dec 13, 1991 | Cleveland Bank & Trust | Heritage Bank |
| Dec 13, 1991 | Park Tower National Bank | Heritage Bank |
| Dec 12, 1991 | Ameriway Bank National Association | Compass Bank |
| Dec 12, 1991 | Summit Bank of South Bend | Summit Bank |
| Dec 10, 1991 | Gateway Western Bank | North County Bank |
| Dec 9, 1991 | FirstBank of Southmoor Park, National Association | FirstBank of Tech Center |
| Dec 9, 1991 | (unnamed) | FirstBank North |
| Dec 9, 1991 | FirstBank at 30th/Arapahoe, National Association | FirstBank of Boulder |
| Dec 9, 1991 | FirstBank of Table Mesa, National Association | FirstBank of Boulder |
| Dec 9, 1991 | FirstBank of Edgewater, National Association | FirstBank of Wheat Ridge |
| Dec 9, 1991 | FirstBank at 9th/Corona, National Association | FirstBank of Denver |
| Dec 9, 1991 | FirstBank at Chambers/Mississippi, National Association | FirstBank of Aurora |
| Dec 9, 1991 | FirstBank at Buckley/Quincy, National Association | FirstBank of Aurora |
| Dec 9, 1991 | FirstBank of Green Mountain, National Association | FirstBank of Lakewood |
| Dec 9, 1991 | Boatmen's Mountain Grove National Bank | Boatmen's Bank of Southern Missouri |
| Dec 9, 1991 | Rock Falls National Bank | Mercantile Bank of Sterling-Rock Falls National Association |
| Dec 9, 1991 | (unnamed) | FirstBank of Longmont, National Association |
| Dec 9, 1991 | Kaw Valley Bank | Firstar Bank, National Association |
| Dec 9, 1991 | FirstBank at Arapahoe/Yosemite | FirstBank of Arapahoe County |
| Dec 7, 1991 | Founders National Bank | Landmark Bank |
| Dec 7, 1991 | Bank One, Wapakoneta, National Association | Bank One, Lima, National Association |
| Dec 7, 1991 | The Durham State Bank | Central National Bank Marion County |
| Dec 7, 1991 | London State Bank | Sterling State Bank |
| Dec 6, 1991 | Arlington State Bank | Bank of North Texas, National Association |
| Dec 6, 1991 | Bank of North Texas | Bank of North Texas, National Association |
| Dec 6, 1991 | Grange Co-Op Federal Credit Union | Pioneer Federal Credit Union |
| Dec 6, 1991 | Nabisco Houston Federal Credit Union | Primeway Federal Credit Union |
| Dec 5, 1991 | Griffith Consumers Employees Federal Credit Union | Educational Systems Federal Credit Union |
| Dec 2, 1991 | Cumberland Financial Services, Incorporated | Firstar Corporation of Wisconsin |
| Dec 2, 1991 | Battle Creek Enquirer Credit Union | Omni Community Credit Union |
| Dec 2, 1991 | Veterans Administration Medical Center Columbia Federal Credit Union | Allsouth Federal Credit Union |
| Dec 2, 1991 | Town & County Credit Union | First Community Credit Union |
| Dec 2, 1991 | Greater Baltimore Merchants Employees Credit Union | Securityplus Federal Credit Union |
| Dec 2, 1991 | Old National Bancshares, Inc. | Mercantile Bancorporation Incorporated of Illinois |
| Dec 1, 1991 | Arkansas State University Federal Credit Union | Success Federal Credit Union |
| Dec 1, 1991 | Norden Employees Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Dec 1, 1991 | Pioneer Bank of Evanston | The Equality State Bank |
| Dec 1, 1991 | Aliant Bank for Savings, F.S.B. | Aliant Bank |
| Dec 1, 1991 | Central Life Empl Cu | Floridacentral Credit Union |
| Dec 1, 1991 | Guarantee Mutual Credit Union | Centris Federal Credit Union |
| Dec 1, 1991 | Swayne Robinson Employees Federal Credit Union | Wufface Federal Credit Union |
| Dec 1, 1991 | Eclipse Employees Federal Credit Union | Rock Valley Credit Union |
| Dec 1, 1991 | Saint Bartholomew Parish Credit Union | Motor City Co-Op Credit Union |
| Dec 1, 1991 | Workmens Circle Credit Union | Ideal Credit Union |
| Nov 30, 1991 | United Missouri Bank of Paris | UMB Bank, Northeast |
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 |
Browse adjacent years: 1990 · 1992
Or jump to a category: Failures · Mergers · Enforcement · Assistance