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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
May 10, 1991 First FS & La of Creston Creston, IA $67.3M First FSB of Creston
May 10, 1991 Colonial FSB Cranston, RI $60.6M Deposit payout
May 10, 1991 First FS & La of Fargo Fargo, ND $50.0M First NB of ND
May 10, 1991 Capitol Federal Bank for Savings Chicago, IL $39.3M Columbia NB of Chicago
May 10, 1991 The Washington Bank (Of Maryland) Baltimore, MD $39.0M The First National Bank of
May 10, 1991 Guaranty FSA Warner Robins, GA $25.6M Crossroads Bank of GA
May 10, 1991 Vermilion FSB Abbeville, LA $17.8M First Acadiana NB
May 9, 1991 Texas Bank and Trust of Temple Temple, TX $45.2M The Peoples National Bank O
May 9, 1991 Village Green National Bank Jersey Village, TX $29.5M Bank of America Texas, Nati
May 9, 1991 The First National Bank of Poth Poth, TX $18.7M Bank of Floresville
May 9, 1991 Chireno State Bank Chireno, TX $12.4M The First State Bank
May 3, 1991 Boston Trade Bank Boston, MA $307.0M The First National Bank of
May 3, 1991 First FS & La of Pittsburg Pittsburg, KS $290.9M Farm & Home Sa
May 3, 1991 Security FS & La of Albuquerque Albuquerque, NM $261.7M Branch sale
May 3, 1991 Sentry FSA Norfolk, VA $50.3M Deposit payout
May 3, 1991 Newton Savings Bank, FSA Fairfield, NJ $40.9M Sussex County State Bank
May 3, 1991 Century Federal Savings Chicago, IL $25.9M Metropolitan B&TC
May 3, 1991 Liberty SB, FSB Marietta, OH $17.8M People's B&TC
Apr 26, 1991 Sunbelt Savings Irving, TX $6.04B Bank of America
Apr 26, 1991 John Hanson FSB Beltsville, MD $840.7M Branch sale
Apr 26, 1991 Red River FS & La Lawton, OK $422.2M Branch sale
Apr 26, 1991 Augusta FSA Baltimore, MD $151.3M Branch sale
Apr 26, 1991 Home FS & La, F.A. Algona, IA $134.3M Branch sale
Apr 26, 1991 Executive SB, FSB Marina Del Rey, CA $58.6M Century FS&LA
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County, CO $9.5M Vectra Bank
Apr 19, 1991 Metropolitan FS & La Nashville, TN $985.1M Union Planters NB
Apr 19, 1991 Cimarron Federal Savings Muskogee, OK $782.0M Branch sale
Apr 19, 1991 Prospect Park, FSB West Paterson, NJ $511.5M Lakeview SB
Apr 19, 1991 Chisholm FS & La Kingfisher, OK $154.4M Branch sale
Apr 19, 1991 Mercantile Savings Bank Southaven, MS $33.8M First TN Bank Na, Ms
Apr 18, 1991 Community National Bank Sherman, TX $19.0M American Bank of Sherman, N
Apr 12, 1991 Security Savings & Loan Waterbury, CT $143.2M American Bank of CT
Apr 12, 1991 Arizona Commerce Bank Tucson, AZ $80.8M Arizona Bank of Commerce
Apr 12, 1991 Whitney Bank and Trust Hamden, CT $40.6M First Constitution Bank
Apr 11, 1991 American Bank & Trust Company Shreveport, LA $60.9M Tri-State Bank and Trust
Apr 5, 1991 First FS & La of Seminole Co. Sanford, FL $185.3M Federal Trust Bank, FSB
Apr 5, 1991 First Savings of Zion Zion, IL $63.2M Advantage Bank
Apr 5, 1991 Columbia FSA of Hamilton Hamilton, OH $61.3M Home FB, a FSB
Apr 5, 1991 The Blueville Bank of Grafton Grafton, WV $48.1M The Empire National Bank of
Apr 5, 1991 First Federal SB, FSB Ashburn, GA $30.2M Branch sale
Apr 4, 1991 First State Bank Weimar, TX $26.0M Hill Bank & Trust Co.
Mar 29, 1991 City Bank and Trust Claremont, NH $116.0M First NH Bank
Mar 29, 1991 Citizens National Bank Limon, CO $11.4M First National Bank of Limo
Mar 28, 1991 The Landmark Bank Hartford, CT $227.9M People's Bank
Mar 27, 1991 County Bank, FSB Santa Barbara, CA $1.17B Home Savings of America, FS
Mar 22, 1991 United FSA of Iowa Des Moines, IA $895.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights, NY $445.4M Branch sale
Mar 22, 1991 First FSA of Chickasha Chickasha, OK $161.4M Branch sale
Mar 22, 1991 The Federal SB, FSB Swainsboro, GA $150.9M Branch sale
Mar 22, 1991 American Federal Bank Ada, OK $110.2M Home FS&LA of Ada

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 1, 1991 Progressive Federal Savings Bank MO Progressive Ozark Bank
Nov 1, 1991 First State Bank of Lyman WY The Equality State Bank
Nov 1, 1991 News Corporation Employees Credit Union MO Postal & Community Credit Union
Oct 31, 1991 Olin Employees Credit Union of Joliet IL Tech Credit Union
Oct 31, 1991 Kemba Little Rock Credit Union AR Kemba Delta Federal Credit Union
Oct 30, 1991 Indian Head Mortgage Corp. NH Fleet Bank-NH
Oct 30, 1991 Fleet/Norstar Services-NH, Corporation NH Fleet Bank-NH
Oct 30, 1991 Indian Head Bank Services Corporation NH Fleet Bank-NH
Oct 30, 1991 Jeffrey Employees Credit Union, Inc. OH Wright-Patt Credit Union, Inc.
Oct 28, 1991 FirstBank of Minturn CO FirstBank of Vail
Oct 28, 1991 Manufacturers Bank of Lansing MI Manufacturers Bank, National Association
Oct 28, 1991 FirstBank of Beaver Creek, National Association CO FirstBank of Avon
Oct 28, 1991 Manufacturers National Bank of Grand Rapids MI Manufacturers Bank, National Association
Oct 28, 1991 Ponce Metropolitan Federal Credit Union PR Borinquen Sur Federal Credit Union
Oct 28, 1991 FirstBank of West Vail CO FirstBank of Vail
Oct 28, 1991 United Illinois Bank of New Athens IL Central Bank
Oct 26, 1991 Century Bank at Broadway CO Century Bank
Oct 26, 1991 Callaway Gardens Credit Association Credit Union GA Five Star Credit Union
Oct 26, 1991 Heritage Bank of Oak Lawn IL Heritage Bank
Oct 26, 1991 Heritage Bank Crestwood IL Heritage Bank
Oct 26, 1991 Columbia National Bank-Belmont IL Columbia National Bank of Chicago
Oct 26, 1991 (unnamed) — Heritage Bank
Oct 25, 1991 Sioux Quality Credit Union IA Telco Triad Community Credit Union
Oct 24, 1991 BayBank First Easthampton, N.A. MA BayBank, National Association
Oct 24, 1991 BayBank Harvard Trust Company MA BayBank, National Association
Oct 24, 1991 BayBank South MA BayBank, National Association
Oct 24, 1991 BayBank Valley Trust Company MA BayBank, National Association
Oct 23, 1991 Americorp, Inc. OK Ameribank Corporation
Oct 23, 1991 Randolph County FS&LA GA First State Bank & Trust Company
Oct 21, 1991 MCS Employees Credit Union, Inc. OH The Ohio Educational Credit Union, Inc.
Oct 19, 1991 Hannibal Mutual Loan and Building Association MO Roosevelt Bank
Oct 18, 1991 Boatmen's National Bank of Richmond MO Boatmen's River Valley Bank
Oct 18, 1991 Exchange Bank of Schmidt & Koester KS Gold Bank
Oct 12, 1991 First Community Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Aurora CO First Community Industrial Bank
Oct 12, 1991 The State Bank of Kirkland IL The Belvidere National Bank and Trust Company
Oct 12, 1991 U.S. Shoe Employees Federal Credit Union IN Members Trust Federal Credit Union
Oct 12, 1991 First Community Industrial Bank of Longmont CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Arvada CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Littleton CO First Community Industrial Bank
Oct 12, 1991 American Industrial Bank of Lakewood CO First Community Industrial Bank
Oct 12, 1991 First Community Industrial Bank of Fort Collins CO First Community Industrial Bank
Oct 11, 1991 First National Bank TX Team Bank
Oct 10, 1991 Bank of Speedwell, Inc. VA Premier Bank-South, National Association
Oct 9, 1991 Milton Tri-County Bank WV Huntington Bank Huntington National Association
Oct 8, 1991 Scott Methodist Credit Union MI Credit Union One
Oct 7, 1991 Basf Fibers Employees Federal Credit Union VA 1st Advantage Federal Credit Union
Oct 7, 1991 Widmer Bancshares, Inc. MO Widmer Bancshares, Inc.
Oct 5, 1991 Bank of San Clemente CA Eldorado Bank

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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