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
Mar 22, 1991	Citizens Security Bank	Borger, TX	$34.1M	Amarillo NB
Mar 22, 1991	Republic SB, FSB	Rockville, MD	$26.4M	First FSB of DE
Mar 21, 1991	Sabinal Bank	Sabinal, TX	$24.8M	—
Mar 21, 1991	Citadel Bank	Willis, TX	$21.9M	Tomball National Bank
Mar 15, 1991	Amerifirst Federal Savings	Miami, FL	$3.58B	Great Western Bank, FSB
Mar 15, 1991	Home Savings Association	Kansas City, MO	$2.94B	Branch sale
Mar 15, 1991	Bell Federal Savings	Upper Darby, PA	$850.6M	Meridian Bank
Mar 15, 1991	The Blackstone Bank and Trust Co	Boston, MA	$49.3M	Baybank Boston, N.A.
Mar 15, 1991	Arcanium FSA	Arcanum, OH	$45.4M	Second NB
Mar 15, 1991	Sovereign SB	Palm Harbor, FL	$38.9M	Fifth Third SB, FSB
Mar 14, 1991	Coolidge Corner Co-Operative Bank	Brookline, MA	$83.7M	Brookline Savings Bank
Mar 14, 1991	Crossroads Bank	Victoria, TX	$22.4M	Victoria Bank & Trust Compa
Mar 8, 1991	Jefferson Federal Sa	Birmingham, AL	$666.5M	Branch sale
Mar 8, 1991	Beacon Federal Savings	Baldwin, NY	$406.0M	North Side SB
Mar 8, 1991	Preffered Savings and Loan	High Point, NC	$224.5M	Southern NB of NC
Mar 8, 1991	Alexander Hamilton	Paterson, NJ	$210.7M	First Fidelity Bank, N.A.
Mar 8, 1991	First Citizens Sla	Fort Pierce, FL	$200.5M	Riverside NB
Mar 8, 1991	First FSB	Huron, SD	$51.9M	Branch sale
Mar 8, 1991	First FSA of Wewoka	Wewoka, OK	$32.9M	First State Bank
Mar 8, 1991	Manilabank	Los Angeles, CA	$20.8M	Ust California, National As
Mar 8, 1991	First Marine Bank of Florida	Palm City, FL	$17.2M	1st United Bank
Mar 8, 1991	Seafirst Bank	Port St. Lucie, FL	$11.5M	Riverside National Bank of
Mar 1, 1991	Amerified Savings Bank	Lawrenceville, NJ	$110.6M	Branch sale
Mar 1, 1991	Peoples Federal S & L Assoc.	New Kensington, PA	$107.6M	Johnstown B&TC
Feb 28, 1991	United Citizens Bank, National Assoc	College Station, TX	$44.9M	First American Bank
Feb 22, 1991	Hollywood FSB	Hollywood, FL	$1.53B	First Union NB of FL
Feb 22, 1991	The McKinley Bank	Niles, OH	$70.6M	The Dollar Savings & Trust
Feb 22, 1991	First FS & La	Dallas, GA	$37.5M	Etowah Bank
Feb 21, 1991	Southwest National Bank	Albuquerque, NM	$37.2M	The Bank of New Mexico, SPR
Feb 20, 1991	First Northern Coop	Keene, NH	$114.6M	Granite Bank
Feb 14, 1991	Merchants Trust & Savings Bank	Kenner, LA	$43.8M	First American Bank and Tru
Feb 14, 1991	The First National Bank of Worth	Wortham, TX	$7.3M	Farmers State Bank
Feb 8, 1991	Unity FS & La	Beverly Hills, CA	$454.5M	Branch sale
Feb 8, 1991	First Jersey S & La Assoc.	Wyckoff, NJ	$287.7M	Valley NB
Feb 8, 1991	Family S & La	Seattle, WA	$99.6M	Puget Sound NB
Feb 8, 1991	Peoples Federal Savings Bank	Bay St. Louis, MS	$59.7M	Hancock Bank
Feb 8, 1991	First FSA of Waynesboro	Waynesboro, TN	$18.2M	Wayne County Bank
Feb 7, 1991	Lockhart State Bank	Lockhart, TX	$24.3M	Omnibank, National Associat
Feb 7, 1991	First National Bank in Kaufman	Kaufman, TX	$20.4M	The Farmers & Merchants Nat
Feb 1, 1991	Coreast FSB	Richmond, VA	$1.21B	Branch sale
Feb 1, 1991	Maine Savings Bank	Portland, ME	$1.18B	Fleet Bank of Maine
Feb 1, 1991	First Federal Savings of Toledo	Toledo, OH	$1.02B	First FSB
Feb 1, 1991	The Merchants Bank and Trust Co	Norwalk, CT	$269.9M	Union Trust Company
Feb 1, 1991	George Washington FSA	Jonesborough, TN	$14.6M	Home FS&LA of Upper E. TN
Jan 31, 1991	Bank of the Hills	Austin, TX	$255.1M	Team Bank
Jan 31, 1991	Rockport Bank, N.A.	Aransas County, TX	$17.8M	The Bank of Corpus Christi
Jan 29, 1991	Citizens National Bank and Trust	Chicago, IL	$18.8M	First Bank of Oak Park
Jan 25, 1991	Columbia Savings & Loan Assn.	Beverly Hills, CA	$5.36B	Branch sale
Jan 25, 1991	Trustbank FSB	Tysons Corner, VA	$1.82B	Branch sale
Jan 25, 1991	Center S & La	Clifton, NJ	$132.6M	Hub Center Bank

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
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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