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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
Sep 27, 1991 First Federal Savings Beaumont, TX $251.2M Kilgore FS&LA
Sep 27, 1991 Eastern FS & La of Sayville Sayville, NY $249.5M Bayside FSB
Sep 27, 1991 Nutley Savings & Loan Nutley, NJ $188.6M Valley NB
Sep 27, 1991 Plymouth FSA Plymouth, MA $174.7M Branch sale
Sep 27, 1991 Home FS & La of Harlan Harlan, IA $91.4M Conservative SB FSB
Sep 27, 1991 Midcounty Bank and Trust Company Norwood, MA $62.1M Dedham Institution for Savi
Sep 27, 1991 Gold River SB Fair Oaks, CA $24.1M El Dorado SB
Sep 20, 1991 Bank Five for Savings Arlington, MA $386.6M Cambridge Savings Bank
Sep 20, 1991 Mid-Jersey National Bank Somerville, NJ $29.5M United Jersey Bank/Central
Sep 19, 1991 Southeast Bank, N.A. Miami, FL $11.03B First Union National Bank O
Sep 19, 1991 Abraham Lincoln FSA Dresher, PA $189.1M Branch sale
Sep 19, 1991 Southeast Bank of West Florida Pensacola, FL $97.3M First Union National Bank O
Sep 13, 1991 Davy Crockett FS & La Crockett, TX $50.5M Deposit payout
Sep 13, 1991 Evergreen FS & La Charleston, WV $40.3M Merchants NB of Montgomery
Sep 13, 1991 Valley Bank White River Junction, VT $33.7M Vermont National Bank
Sep 6, 1991 United Home Federal Toledo, OH $443.4M Standard FB
Sep 6, 1991 Suffield Bank Suffield, CT $294.8M First Federal Bank, FSB
Sep 6, 1991 Heartland S & La La Mesa, CA $121.7M Union Bank
Sep 6, 1991 Bay FSB West Palm Beach, FL $58.1M Fidelity FSB of FL
Sep 6, 1991 The Family Bank and Trust Allenstown, NH $46.7M The Valley Bank
Aug 30, 1991 Future Federal Savings Bank Louisville, KY $422.3M Citizens Fidelity B&T
Aug 30, 1991 Lowell Institution for Savings Lowell, MA $386.4M The Family Mutual Savings B
Aug 30, 1991 Homestead FSA Middletown, PA $223.2M Farmers Trust Co.
Aug 30, 1991 Hilton Head Bank & Trust Company Hilton Head Island, SC $64.6M The Anchor Bank
Aug 30, 1991 Hillsborough Bank and Trust Co Milford, NH $49.9M Peterborough Savings Bank
Aug 30, 1991 United FSB Prestonsburg, KY $39.9M Pikeville NB&TC
Aug 29, 1991 First National Bank and Trust Co Blackwell, OK $33.5M Central National Bank & Tru
Aug 29, 1991 The San Saba National Bank San Saba, TX $15.6M First Llano Bank
Aug 23, 1991 Merchants & Mechanics FSB Springfield, OH $209.9M Banc One FSB
Aug 23, 1991 First FS & La Mt. Vernon, OH $73.1M First FS&LA of Wooster
Aug 23, 1991 New Age FSA St. Louis, MO $9.2M Commerce Bank of St. Louis
Aug 22, 1991 Buchel Bank & Trust Co. Cuero, TX $25.0M First Bank
Aug 22, 1991 First Mexia Bank Mexia, TX $22.5M The East Texas National Ban
Aug 16, 1991 First American FSB Tucson, AZ $145.0M State SB, FSB
Aug 16, 1991 Northwest National Bank Fayetteville, AR $29.4M Citizens Bank of Northwest
Aug 16, 1991 Enfield National Bank Enfield, CT $19.0M Savings Institute
Aug 16, 1991 Centre Sa, F.A. Arlington, TX $15.2M American FB, FSB
Aug 9, 1991 Great American FSA San Diego, CA $9.52B Branch sale
Aug 9, 1991 Citytrust Bridgeport, CT $1.92B Chase Manhattan Bank of Con
Aug 9, 1991 Mechanics and Farmers Savings Bank Bridgeport, CT $1.08B Chase Manhattan Bank of Con
Aug 9, 1991 Larchmont FS & La Larchmont, NY $123.8M Peoples Westchester SB
Aug 9, 1991 Bank of South Palm Beaches Hypoluxo, FL $61.3M 1st United Bank
Aug 9, 1991 First FS & La of Thief River Falls Thief River Falls, MN $54.6M No. State BK of Thief Riv.
Aug 9, 1991 Southcoast Bank Corporation West Palm Beach, FL $26.1M —
Aug 2, 1991 Standard FS & La Columbia, SC $319.7M NB of South Carolina
Aug 2, 1991 Coral Coast FSB Boynton Beach, FL $61.2M Mackinac SB, FSB
Jul 26, 1991 Atlantic Financial FSB San Francisco, CA $448.9M Branch sale
Jul 26, 1991 Suburban National Bank Hillsborough TWNS, NJ $91.1M Provident Savings Bank
Jul 26, 1991 The Housatonic Bank & Trust Co Ansonia, CT $69.1M Shelton Savings Bank
Jul 26, 1991 Westland FS & La Rawlins, WY $31.8M Rawlins NB

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
Dec 31, 1991 OCC_OTS (individual) Cease and Desist: Harley Havard
Dec 31, 1991 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: W. T. Freeman
Dec 31, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: William M. Lowry
Dec 31, 1991 OCC_OTS Essex Financial Group Supervisory Agreement: Essex Financial Group, Inc.
Dec 31, 1991 OCC_OTS Palmetto Bancshares, Inc. Supervisory Agreement: Palmetto Federal Savings Bank
Dec 31, 1991 OCC_OTS Slovenian Savings & Loan Association of Franklin-Conemaugh Supervisory Agreement: Slovenian Savings and Loan of Franklin-Conemaugh
Dec 31, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Victor Crimone
Dec 31, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Leonard Skirboll
Dec 31, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Herman F. Knell
Dec 31, 1991 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Harley Havard
Dec 31, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Angelo Cafaro
Dec 31, 1991 OCC_OTS (individual) Civil Money Penalty: Maria Antonieta Silva de Pimienta
Dec 31, 1991 OCC_OTS First Federal Savings Bank Civil Money Penalty: Hugo E. Pimienta
Dec 31, 1991 OCC_OTS (individual) Cease and Desist: W. T. Freeman
Dec 31, 1991 OCC_OTS First Federal Savings Bank Cease and Desist: Hugo e. Pimienta
Dec 30, 1991 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Charles Persons
Dec 30, 1991 OCC_OTS Windsor Locks Savings and Loan Association Supervisory Agreement: Windsor Locks Savings and Loan Association
Dec 30, 1991 OCC_OTS (individual) Civil Money Penalty: Louis Dungan
Dec 30, 1991 OCC National Bank of Fairhaven Formal Agreement: National Bank of Fairhaven
Dec 27, 1991 OCC_OTS (individual) Orders of Removal/Prohibition: Clay W. Stone
Dec 24, 1991 OCC_OTS Colorado Springs Savings and Loan Association Civil Money Penalty: Colorado Springs Savings and Loan Association
Dec 24, 1991 FRB B.M.J. Financial Corp. Written Agreement: Bank of Mid-Jersey and B.M.J. Financial Corp., Bordentown, NJ
Dec 23, 1991 OCC_OTS (individual) Civil Money Penalty: First Savings Bank, A Federal Savings Bank
Dec 23, 1991 FRB Hibernia Corporation Written Agreement: Hibernia Corporation, New Orleans, LA
Dec 23, 1991 OCC_OTS Equitec Financial Group, Inc Civil Money Penalty: Joseph Ranzini
Dec 21, 1991 OCC_OTS Cherry Grove Savings Bank Supervisory Agreement: Cherry Grove Savings Bank
Dec 20, 1991 OCC_OTS Central Pennsylvania Financial Supervisory Agreement: Central Pennsylvania Financial Corporation
Dec 20, 1991 OCC_OTS Central Pennsylvania Savings Association, F.A. Cease and Desist: Central Pennsylvania Savings Association
Dec 20, 1991 FRB (individual) Cease and Desist Order: Blaine S. Correll
Dec 20, 1991 FRB Bcci Holdings (Luxembourg) S.A. Cease and Desist Order: Khusro Elley
Dec 20, 1991 OCC_OTS First Federal Savings & Loan Association of Harrisburg Supervisory Agreement: First Federal Savings and Loan Association of Harrisburg
Dec 20, 1991 FRB (individual) Cease and Desist Order: Ljubljanska Banka d.d., Ljubljana, Yugoslavia
Dec 20, 1991 OCC Bank of Arkansas Formal Agreement: National Bank Of Arkansas
Dec 20, 1991 OCC Fort Knox National Bank Formal Agreement: Fort Knox National Bank
Dec 20, 1991 OCC Deutsche Bank National Trust Company Civil Money Penalty (CMP): Bankers Trust Of California, N.A.
Dec 19, 1991 FRB Bank of Ireland First Holdings, Inc. Written Agreement: The Governor and Company of The Bank of Ireland, Dublin, Ireland and …
Dec 19, 1991 OCC Security Bank, N.A. Formal Agreement: Security Bank, National Association
Dec 19, 1991 OCC The Blanco National Bank Civil Money Penalty (CMP): Stevenson, John B.
Dec 19, 1991 OCC_OTS Newport Savings and Loan Association Cease and Desist: Newport Savings and Loan Association
Dec 19, 1991 OCC_OTS US Community Savings Bank Supervisory Agreement: US Community Savings Bank, FSB
Dec 19, 1991 FRB West Coast Bank Written Agreement: West Coast Bank, Sarasota, FL
Dec 19, 1991 FRB Val Cor Bancorporation, Inc. Written Agreement: Val Cor Bancorporation, Cortez, CO
Dec 18, 1991 OCC Sears National Bank Formal Agreement: American National Bank of Arizona
Dec 18, 1991 OCC Enterprise National Bank of Tampa Formal Agreement: Enterprise National Bank Of Tampa
Dec 18, 1991 FRB First Prairie Bankshares, Inc. Written Agreement: First Prairie Bankshares, Inc., Georgetown, IL
Dec 17, 1991 OCC_OTS Regal Bancorp, Inc. Supervisory Agreement: Regal Savings Bank, FSB
Dec 16, 1991 OCC_OTS First Trade Union Capital Trust I Supervisory Agreement: First Trade Union Savings Bank FSB
Dec 16, 1991 OCC_OTS First Federal Savings Bank of Maryville Supervisory Agreement: First Federal Savings Bank of Maryville
Dec 16, 1991 OCC Ozarks National Bank Formal Agreement: Ozarks National Bank
Dec 16, 1991 OCC First National Bank of Callaway County Formal Agreement: First National Bank Of Callaway County

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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