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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
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 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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