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
Jul 25, 1991	The Kerens Bank	Kerens, TX	$19.5M	Cedar Creek Bank
Jul 19, 1991	Pontchartrain State Bank	Metairie, LA	$140.0M	First National Bank of Comm
Jul 19, 1991	Cooperative FSB	Westmont, IL	$74.9M	Heritage Glenwood Bank
Jul 19, 1991	Community Guardian Bank	Elmwood Park, NJ	$55.3M	Interchange State Bank
Jul 19, 1991	Clinton S & La	Clinton, OK	$22.2M	Local Federal Bank, FSB
Jul 19, 1991	New Metropolitan FSB	Hialeah, FL	$18.4M	Desjardins FSB
Jul 12, 1991	Pan American FSB	San Mateo, CA	$287.2M	Pan American Bank, FSB
Jul 12, 1991	Danburry Savings & Loan	Danbury, CT	$270.2M	Bristol FSB
Jul 12, 1991	Monycor Savings Bank	Barron, WI	$151.7M	Branch sale
Jul 12, 1991	Fidelity FS & La	Austin, TX	$67.0M	Deposit payout
Jul 12, 1991	Dripping Springs National Bank	Dripping Springs, TX	$20.2M	Texas Bank
Jul 12, 1991	Landmark Thrift and Loan Association	San Diego, CA	$16.6M	—
Jul 9, 1991	Surety FS & La	Morganton, NC	$224.8M	First Citizens B&TC
Jun 28, 1991	First Mutual Bank for Savings	Boston, MA	$1.13B	First National Bank of Bost
Jun 28, 1991	Metrobank FS & La	Palisades Park, NJ	$474.3M	First FSB of DE
Jun 28, 1991	United FS & La	Jonesboro, AR	$142.5M	Branch sale
Jun 21, 1991	Guardian FSA	Huntington Beach, CA	$682.1M	Home Savings of America, FS
Jun 21, 1991	Beacon Co-Operative Bank	Boston, MA	$31.8M	Grove Bank
Jun 14, 1991	Springfield Fsla	Springfield, PA	$97.5M	Germantown SB
Jun 14, 1991	First Commerce SB, FSB	Lowell, IN	$10.9M	Centier Bank
Jun 13, 1991	The Bank of Horton	Horton, KS	$167.3M	Kansas State Bank
Jun 13, 1991	Tascosa National Bank of Amarillo	Amarillo, TX	$73.9M	Team Bank
Jun 13, 1991	Peoples Bank	Hewitt, TX	$17.3M	The National Bank of Gatesv
Jun 13, 1991	Texas Premier Bank of Victoria, National a	Victoria, TX	$15.4M	Victoria Bank and Trust Com
Jun 7, 1991	Dryades S & La	New Orleans, LA	$262.3M	Dryades SB, FSB
Jun 7, 1991	Woburn Five Cents Savings Bank	Woburn, MA	$247.2M	Sterling Bank
Jun 6, 1991	Northwest Bank, N.A.	San Antonio, TX	$7.2M	Valley-Hi National Bank of
May 31, 1991	Goldome	Buffalo, NY	$9.89B	Key Bank of Western New Yor
May 31, 1991	Goldome FSB	St. Petersburg, FL	$1.48B	First of America Bank/FL, F
May 31, 1991	Merabank Texas	El Paso, TX	$1.16B	Branch sale
May 31, 1991	University Bank, N.A.	Newton, MA	$318.8M	Sterling Bank
May 31, 1991	Westerleigh Savings	Staten Island, NY	$147.8M	Branch sale
May 31, 1991	United FS & La	Smyrna, GA	$119.3M	Branch sale
May 31, 1991	Burleson County Savings Assoc.	Caldwell, TX	$31.5M	Citizens State Bank
May 31, 1991	Enterprise S&LA	Compton, CA	$13.5M	Family SB, FSB
May 24, 1991	Progressive Savings Bank	Pasadena, CA	$388.3M	Branch sale
May 24, 1991	Florida State Bank	Holiday, FL	$87.4M	Orange Bank
May 24, 1991	First Security Bank	Roanoke, VA	$15.9M	First Century Bank
May 23, 1991	Far West FSB	Portland, OR	$2.07B	Branch sale
May 23, 1991	Liberty National Bank	Lovington, NM	$51.4M	Western Commerce Bank
May 22, 1991	The First National Bank of Toms River	Toms River, NJ	$1.42B	First Fidelity Bank, Nation
May 17, 1991	Altus FSB	Mobile, AL	$1.97B	Branch sale
May 17, 1991	The Cosmopolitan National Bank of Chicago	Chicago, IL	$110.1M	Cosmopolitan Bank and Trust
May 17, 1991	First City Bank	New Orleans, LA	$56.1M	First Bank and Trust
May 17, 1991	Ludington FSB	Ludington, MI	$34.2M	Northwestern SB&T
May 16, 1991	Capital Bank	Dallas, TX	$111.6M	Bank One, Texas, National a
May 16, 1991	First National Bank of Cedar Hill	Cedar Hill, TX	$11.0M	First State Bank
May 10, 1991	Madison National Bank	Washington, DC	$473.8M	Signet Bank, National Assoc
May 10, 1991	Madison National Bank of Virginia	McLean, VA	$174.2M	Signet Bank - Virginia
May 10, 1991	First FSA of Newton	Newton, KS	$125.6M	Central NB-Newton

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
Oct 2, 1991	Washburn Bancshares, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1991	Alprodco Employees Credit Union	TX	Peco Federal Credit Union
Oct 1, 1991	The Northern Trust Company of Texas	TX	Northern Trust Bank of Texas National Association
Oct 1, 1991	Morgan Community Bancorp, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Oct 1, 1991	Whitfield County Postal Employees Credit Union	GA	Georgia United Credit Union
Oct 1, 1991	Fresno Bee Credit Union	CA	McClatchy Employees Credit Union
Oct 1, 1991	Mellon Bank (North) National Association	PA	BNY Mellon, N.A.
Oct 1, 1991	Southern Missouri Bank	MO	(unnamed)
Oct 1, 1991	Mellon Bank (Central) N.A.	PA	BNY Mellon, N.A.
Oct 1, 1991	The Wellston State Bank	OK	Stroud National Bank
Oct 1, 1991	Lutheran General Federal Credit Union	IL	Encurage Financial Network
Oct 1, 1991	Bud-Jax Federal Credit Union	FL	Coastline Federal Credit Union
Oct 1, 1991	Occom Federal Credit Union	NH	Service Federal Credit Union
Oct 1, 1991	Cin-Tronics Employees Federal Credit Union	OH	Emery Federal Credit Union
Oct 1, 1991	Norstar Bank of Central NY	NY	Fleet Bank
Oct 1, 1991	Va Medical Center Federal Credit Union	OK	Oklahoma Federal Credit Union
Oct 1, 1991	Gaico Credit Union	TX	Resource One Credit Union
Oct 1, 1991	The First State Bank of New Rockford	ND	Bank Forward
Oct 1, 1991	Hillsborough CNTY Hosp Auth Empl Fcu	FL	Grow Financial Federal Credit Union
Oct 1, 1991	State Savings Bank	IA	Lincoln Savings Bank
Oct 1, 1991	Emprise Bank, National Association	KS	Emprise Bank National Association
Oct 1, 1991	Bithulithic Employees Credit Union	TX	Relyon Credit Union
Oct 1, 1991	K.C. Federal Credit Union	KY	L&N Federal Credit Union
Oct 1, 1991	The South Side Savings Bank, FSB	OH	Liberty Savings Bank, F.S.B.
Oct 1, 1991	Shelby Federal Savings Bank	IN	First of America Bank-Indiana
Oct 1, 1991	Horizon Savings Bank, S.A.	WI	The Equitable Bank, S.S.B.
Oct 1, 1991	Midlantic National Bank/North	NJ	(unnamed)
Oct 1, 1991	Borax Employees Federal Credit Union	CA	Logix Federal Credit Union
Oct 1, 1991	Pdea Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 1991	66 Credit Union	MN	Blaze Credit Union
Oct 1, 1991	Grandview Savings Association	PA	Parkvale Savings Bank
Oct 1, 1991	Sea Seven Federal Credit Union	FL	Navy Federal Credit Union
Oct 1, 1991	Plains Creamery Employees Credit Union	TX	BNSF Credit Union
Oct 1, 1991	Western Atlantic Credit Union	TX	Advancial Federal Credit Union
Oct 1, 1991	Gladstone Community Federal Credit Union	MI	Great Lakes First Federal Credit Union
Oct 1, 1991	Postal Credit Union of Galveston	TX	Coastal Community Federal Credit Union
Oct 1, 1991	K W Employees Federal Credit Union	IN	Profed Federal Credit Union
Oct 1, 1991	Pope Federal Credit Union	NC	Pentagon Federal Credit Union
Oct 1, 1991	Salt Workers Credit Union	UT	Cyprus Federal Credit Union
Oct 1, 1991	Strafford National Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Buckner Associates Credit Union	TX	Lone Star Credit Union
Oct 1, 1991	The Commonwealth National Bank	PA	BNY Mellon, N.A.
Oct 1, 1991	Park West State Bank	TX	Southwest Bank
Oct 1, 1991	BL&F Federal Credit Union	PA	Pannonia Federal Credit Union
Oct 1, 1991	Morgan County Community Bank	IL	First of America Bank - Springfield, National Association
Oct 1, 1991	The Suncook Bank	NH	Bank of New Hampshire, National Association
Oct 1, 1991	Union Pacific-Western Division Federal Credit Union	CA	Sea West Coast Guard Federal Credit Union
Oct 1, 1991	Hines Federal Credit Union	IL	U.S. Employees Credit Union
Oct 1, 1991	Northern Maine Credit Union	ME	Norstate Federal Credit Union
Oct 1, 1991	Farmers & Merchants Bank of Wimbledon	ND	Bank Forward

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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