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
Dec 20, 1991	North Ridge Bank	Oakland Park, FL	$94.3M	Intercontinental Bank
Dec 13, 1991	Investors FSB	Richmond, VA	$2.06B	Central Fidelity Bank
Dec 13, 1991	The Bank Mart	Bridgeport, CT	$578.2M	Gateway Bank
Dec 13, 1991	Merchants National Bank	Leominster, MA	$153.6M	Worcester County Institutio
Dec 13, 1991	Bank of East Hartford	East Hartford, CT	$36.6M	Bank of South Windsor
Dec 13, 1991	Federal Finance & Mortgage, LTD	Honolulu, HI	$7.7M	First Hawaiian Credit Corp
Dec 12, 1991	Granite Co-Operative Bank	Quincy, MA	$103.8M	South Boston Savings Bank
Dec 6, 1991	Saybrook Bank and Trust Company	Old Saybrook, CT	$77.3M	The New Haven Savings Bank
Nov 26, 1991	First National Bank of Miami	Miami, FL	$40.5M	Ready State Bank
Nov 22, 1991	White Horse FS & La	Trenton, NJ	$72.5M	Collective FSB
Nov 22, 1991	Chase Savings & Loan	Philadelphia, PA	$46.9M	United Bank of Philadelphia
Nov 22, 1991	Peoples FSA	Ottumwa, IA	$34.3M	South Ottumwa SB
Nov 22, 1991	Western FS & La	Clenview, IL	$33.2M	Devon Bank
Nov 15, 1991	Durham Trust Company	Durham, NH	$71.0M	Granite Bank
Nov 14, 1991	Connecticut Savings Bank	New Haven, CT	$1.04B	Centerbank
Nov 14, 1991	Worthington State Bank	Worthington, IN	$36.6M	First Farmers State Bank
Nov 14, 1991	Alvarado National Bank	Alvarado, TX	$9.2M	The First National Bank in
Nov 8, 1991	Cobb FSA	Marietta, GA	$83.2M	First Union NB of GA
Nov 8, 1991	Delta FSB	Westminster, CA	$52.4M	East-West FB, FSB
Nov 7, 1991	Community National Bank and Trust	New York, NY	$333.8M	Chemical Bank
Nov 1, 1991	Marine View FSB	Middletown, NJ	$119.2M	Summit Bank
Oct 31, 1991	Union Bank	San Antonio, TX	$84.9M	Channelview Bank
Oct 30, 1991	Bank of the South	Baton Rouge, LA	$31.8M	The First National Bank in
Oct 29, 1991	The Private Bank & Trust, Nation	Miami, FL	$4.3M	—
Oct 25, 1991	Coolidge Bank and Trust Company	Boston, MA	$321.2M	Pioneer Financial, a Cooper
Oct 25, 1991	First Hanover Bank	Wilmington, NC	$48.2M	Central Carolina Bank and T
Oct 25, 1991	The Citizens Bank of Pagosa Springs	Pagosa Springs, CO	$17.3M	Citizens Bank of Pagosa SPR
Oct 24, 1991	First National Bank, Bedford	Bedford, TX	$23.2M	First International Bank
Oct 18, 1991	Central Bank	Meriden, CT	$654.7M	Centerbank
Oct 18, 1991	Mission Valley Bank, National Assoc	San Clemente, CA	$42.7M	Mid City Bank, National Ass
Oct 18, 1991	Connecticut Valley Bank	Cromwell, CT	$28.4M	Midconn Bank
Oct 16, 1991	First FS & La	Pontiac, MI	$917.0M	Branch sale
Oct 16, 1991	Citizens FSA	Jacksonville, FL	$65.7M	Branch sale
Oct 13, 1991	Oaktree Federal Savings	New Orleans, LA	$2.21B	Branch sale
Oct 11, 1991	The First, Federal Association	Orlando, FL	$1.07B	Great Western Bank, FSB
Oct 11, 1991	First Federal Savings	Lubbock, TX	$223.7M	First NB of Lubbock
Oct 11, 1991	Life FSB	Clearwater, FL	$107.6M	Life SB, FSB
Oct 11, 1991	Iona Savings Bank	Tilton, NH	$31.2M	First Savings and Loan Asso
Oct 10, 1991	New Hampshire Savings Bank	Concord, NH	$1.17B	New Dartmouth Bank
Oct 10, 1991	Amoskeag Bank	Manchester, NH	$937.3M	First NH Bank
Oct 10, 1991	Dartmouth Bank	Manchester, NH	$877.2M	New Dartmouth Bank
Oct 10, 1991	Bankeast	Manchester, NH	$816.8M	First NH Bank
Oct 10, 1991	Numerica Savings Bank, FSB	Manchester, NH	$509.1M	New Dartmouth Bank
Oct 10, 1991	Nashua Trust Company	Nashua, NH	$425.1M	First NH Bank
Oct 10, 1991	Homebank FSA	Gilford, NH	$255.1M	Branch sale
Oct 10, 1991	Bank Meridian, N.A.	Hampton, NH	$109.4M	First NH Bank
Oct 3, 1991	Harbor National Bank of Connecticut	Branford, CT	$22.9M	The New Haven Savings Bank
Oct 3, 1991	Reagan State Bank	Big Lake, TX	$20.3M	Security State Bank
Sep 27, 1991	United Savings of America	Chicago, IL	$1.16B	First NB of Chicago
Sep 27, 1991	Santa Paula S & La	Santa Paula, CA	$280.7M	Bank of Levy

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 30, 1991	Nixa Bank	MO	Central Bank of The Ozarks
Nov 30, 1991	Cresta Blanca Federal Credit Union	CA	Uncle Credit Union
Nov 29, 1991	Community First North Dakota Bankshares, Inc.	ND	Community First Bankshares, Inc.
Nov 25, 1991	Luray Bankshares, Inc.	KS	The Peoples State Bank of Luray, Kansas
Nov 25, 1991	Placer Bancorporation	CA	Placer Bank of Commerce
Nov 25, 1991	The Fifth Third Bank of Western Ohio, National Association	OH	(unnamed)
Nov 23, 1991	The First National Bank of Geary	OK	The Peoples National Bank
Nov 23, 1991	American Bank	OK	American Heritage Bank
Nov 22, 1991	Ensley Neighborhood Federal Credit Union	AL	Americas First Federal Credit Union
Nov 22, 1991	U. S. Bank of Utah	UT	U.S. Bank, N.A.
Nov 18, 1991	(unnamed)	—	First Southern National Bank
Nov 16, 1991	Citizens Bank of Tolono	IL	Busey Bank
Nov 16, 1991	Albemarle Savings and Loan Association	NC	Truist Bank
Nov 16, 1991	Bank of Urbana	IL	Busey Bank
Nov 16, 1991	Community Bank of Mahomet	IL	Busey Bank
Nov 16, 1991	Northern Trust Bank of Florida/Naples National Association	FL	Northern Trust, National Association
Nov 15, 1991	The Maplewood Bank and Trust Company	NJ	Summit Bank
Nov 15, 1991	(unnamed)	—	Summit Bank
Nov 15, 1991	The Trust Company of Princeton	NJ	Summit Bank
Nov 15, 1991	Affiliated National Bank - Westlake	CO	Bank One, Fort Collins/Loveland, National Association
Nov 11, 1991	The Miners' First National Bank & Trust Company of Ishpeming	MI	Wells Fargo Bank Michigan, National Association
Nov 10, 1991	Homewood Federal Savings and Loan Association	IL	Advance Bank
Nov 9, 1991	The Fifth Third Bank of Northwestern Ohio, National Association	OH	Fifth Third Bank, Northwestern Ohio, National Association
Nov 8, 1991	(unnamed)	—	Integra Bank/North
Nov 8, 1991	First Seneca Bank	PA	Integra Bank/North
Nov 7, 1991	The Citizens Bank of Newton County	GA	First Nation Bank
Nov 2, 1991	65 Realty Corp.	PA	Lehigh Valley Bank
Nov 2, 1991	Third Company	PA	Third National Bank and Trust Company of Scranton
Nov 2, 1991	BCB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	NBD Delaware Bank	DE	NBD Bank, National Association
Nov 1, 1991	C H and F Employees Credit Union	IL	Access Credit Union
Nov 1, 1991	TMB, Inc.	PA	Bucks County Bank and Trust Company
Nov 1, 1991	First Osmond Corporation	NE	First Laurel Security Co.
Nov 1, 1991	Complete Atlanta Fcu	GA	Fidelity Federal Credit Union
Nov 1, 1991	Sanilac County Teachers Credit Union	MI	Team One Credit Union
Nov 1, 1991	San Ignacio Credit Union	NM	Rio Grande Credit Union
Nov 1, 1991	Chickasawba Teachers Federal Credit Union	AR	Success Federal Credit Union
Nov 1, 1991	Old Colony Trust Company of South Carolina, National Association	SC	NCNB National Bank of South Carolina
Nov 1, 1991	West One Bank, King County	WA	West One Bank, Washington
Nov 1, 1991	First of America Bank-Muskegon	MI	First of America Bank-West Michigan, National Association
Nov 1, 1991	Economist Newspapers Federal Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1991	West One Bank, Spokane	WA	West One Bank, Washington
Nov 1, 1991	Lighthouse Community Credit Union	ME	Town & Country Federal Credit Union
Nov 1, 1991	National Security, a Federal Bank for Savings	IL	Bell Federal Savings and Loan Association
Nov 1, 1991	First National Bank of Temple - South	TX	Extraco Banks, N.A.
Nov 1, 1991	Summit County Bank	CO	The Bank, National Association
Nov 1, 1991	The Bank of Fairplay	CO	The Bank, National Association
Nov 1, 1991	Fed Empl Cu	GA	Center Parc Credit Union
Nov 1, 1991	First Fidelity Trust, National Association, Florida	FL	NBD Trust Company of Florida, National Association
Nov 1, 1991	Landis and GYR Powers Employees Credit Union	IL	Great Lakes Credit Union

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