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
Dec 20, 1991	North Ridge Bank	Oakland Park, FL	$94.3M	Intercontinental Bank
Dec 13, 1991	Investors FSB	Richmond, VA	$2.06B	Central Fidelity Bank
Dec 13, 1991	The Bank Mart	Bridgeport, CT	$578.2M	Gateway Bank
Dec 13, 1991	Merchants National Bank	Leominster, MA	$153.6M	Worcester County Institutio
Dec 13, 1991	Bank of East Hartford	East Hartford, CT	$36.6M	Bank of South Windsor
Dec 13, 1991	Federal Finance & Mortgage, LTD	Honolulu, HI	$7.7M	First Hawaiian Credit Corp
Dec 12, 1991	Granite Co-Operative Bank	Quincy, MA	$103.8M	South Boston Savings Bank
Dec 6, 1991	Saybrook Bank and Trust Company	Old Saybrook, CT	$77.3M	The New Haven Savings Bank
Nov 26, 1991	First National Bank of Miami	Miami, FL	$40.5M	Ready State Bank
Nov 22, 1991	White Horse FS & La	Trenton, NJ	$72.5M	Collective FSB
Nov 22, 1991	Chase Savings & Loan	Philadelphia, PA	$46.9M	United Bank of Philadelphia
Nov 22, 1991	Peoples FSA	Ottumwa, IA	$34.3M	South Ottumwa SB
Nov 22, 1991	Western FS & La	Clenview, IL	$33.2M	Devon Bank
Nov 15, 1991	Durham Trust Company	Durham, NH	$71.0M	Granite Bank
Nov 14, 1991	Connecticut Savings Bank	New Haven, CT	$1.04B	Centerbank
Nov 14, 1991	Worthington State Bank	Worthington, IN	$36.6M	First Farmers State Bank
Nov 14, 1991	Alvarado National Bank	Alvarado, TX	$9.2M	The First National Bank in
Nov 8, 1991	Cobb FSA	Marietta, GA	$83.2M	First Union NB of GA
Nov 8, 1991	Delta FSB	Westminster, CA	$52.4M	East-West FB, FSB
Nov 7, 1991	Community National Bank and Trust	New York, NY	$333.8M	Chemical Bank
Nov 1, 1991	Marine View FSB	Middletown, NJ	$119.2M	Summit Bank
Oct 31, 1991	Union Bank	San Antonio, TX	$84.9M	Channelview Bank
Oct 30, 1991	Bank of the South	Baton Rouge, LA	$31.8M	The First National Bank in
Oct 29, 1991	The Private Bank & Trust, Nation	Miami, FL	$4.3M	—
Oct 25, 1991	Coolidge Bank and Trust Company	Boston, MA	$321.2M	Pioneer Financial, a Cooper
Oct 25, 1991	First Hanover Bank	Wilmington, NC	$48.2M	Central Carolina Bank and T
Oct 25, 1991	The Citizens Bank of Pagosa Springs	Pagosa Springs, CO	$17.3M	Citizens Bank of Pagosa SPR
Oct 24, 1991	First National Bank, Bedford	Bedford, TX	$23.2M	First International Bank
Oct 18, 1991	Central Bank	Meriden, CT	$654.7M	Centerbank
Oct 18, 1991	Mission Valley Bank, National Assoc	San Clemente, CA	$42.7M	Mid City Bank, National Ass
Oct 18, 1991	Connecticut Valley Bank	Cromwell, CT	$28.4M	Midconn Bank
Oct 16, 1991	First FS & La	Pontiac, MI	$917.0M	Branch sale
Oct 16, 1991	Citizens FSA	Jacksonville, FL	$65.7M	Branch sale
Oct 13, 1991	Oaktree Federal Savings	New Orleans, LA	$2.21B	Branch sale
Oct 11, 1991	The First, Federal Association	Orlando, FL	$1.07B	Great Western Bank, FSB
Oct 11, 1991	First Federal Savings	Lubbock, TX	$223.7M	First NB of Lubbock
Oct 11, 1991	Life FSB	Clearwater, FL	$107.6M	Life SB, FSB
Oct 11, 1991	Iona Savings Bank	Tilton, NH	$31.2M	First Savings and Loan Asso
Oct 10, 1991	New Hampshire Savings Bank	Concord, NH	$1.17B	New Dartmouth Bank
Oct 10, 1991	Amoskeag Bank	Manchester, NH	$937.3M	First NH Bank
Oct 10, 1991	Dartmouth Bank	Manchester, NH	$877.2M	New Dartmouth Bank
Oct 10, 1991	Bankeast	Manchester, NH	$816.8M	First NH Bank
Oct 10, 1991	Numerica Savings Bank, FSB	Manchester, NH	$509.1M	New Dartmouth Bank
Oct 10, 1991	Nashua Trust Company	Nashua, NH	$425.1M	First NH Bank
Oct 10, 1991	Homebank FSA	Gilford, NH	$255.1M	Branch sale
Oct 10, 1991	Bank Meridian, N.A.	Hampton, NH	$109.4M	First NH Bank
Oct 3, 1991	Harbor National Bank of Connecticut	Branford, CT	$22.9M	The New Haven Savings Bank
Oct 3, 1991	Reagan State Bank	Big Lake, TX	$20.3M	Security State Bank
Sep 27, 1991	United Savings of America	Chicago, IL	$1.16B	First NB of Chicago
Sep 27, 1991	Santa Paula S & La	Santa Paula, CA	$280.7M	Bank of Levy

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
Sep 5, 1991	Strother Drug Employees Credit Union	VA	Beacon Credit Union Incorporated
Sep 4, 1991	First Federal Savings and Loan Association of Idaho Falls	ID	WaFd Bank
Sep 3, 1991	Star Bank, National Association	OH	U.S. Bank N.A.
Sep 3, 1991	Star Bank, National Association, Butler County	OH	U.S. Bank N.A.
Sep 3, 1991	Postal Credit Union	NM	First Financial Credit Union
Sep 1, 1991	Diversified Federal Credit Union	CA	Logix Federal Credit Union
Sep 1, 1991	Bank One, Franklin	IN	Bank One, Indiana, National Association
Sep 1, 1991	Keyes Fibre Hammond Employees Federal Credit Union	IN	Regional Federal Credit Union
Sep 1, 1991	Valley Fidelity Bank and Trust Company	TN	First Horizon Bank
Sep 1, 1991	HBD Empl Fcu	TN	Clinchfield Federal Credit Union
Sep 1, 1991	First of America Bank-Wayne	MI	First of America Bank-Ann Arbor
Sep 1, 1991	Mohawk Valley Federal Savings Bank	NY	United Northern Federal Savings Bank
Sep 1, 1991	McGuire Federal Credit Union	NJ	Andrews Federal Credit Union
Sep 1, 1991	The Bank of New Mexico, las vegas	NM	The Bank of New Mexico
Sep 1, 1991	McCulloch Federal Credit Union	CA	La Financial Federal Credit Union
Sep 1, 1991	Saint Augustine Parish Federal Credit Union	PA	Iron Workers Federal Credit Union
Sep 1, 1991	SMCRC Credit Union	GA	Excel Federal Credit Union
Sep 1, 1991	1st Ambanc, Inc.	FL	Commercesouth, Inc.
Sep 1, 1991	The C-M Company, Inc	KS	First Medicine Lodge Bancshares, Inc.
Sep 1, 1991	Fpe Fcu	FL	Gte Federal Credit Union dba Gte Financial
Sep 1, 1991	Capitol Credit Union	AR	Arkansas Federal Credit Union
Sep 1, 1991	The State Bank of Salem	IN	INB Banking Company
Sep 1, 1991	The Isabel State Bank	KS	Solutionsbank
Sep 1, 1991	Central Soo Credit Union	WI	Royal Credit Union
Aug 31, 1991	Marquette Bank Apple Valley	MN	Marquette Bank Minneapolis, National Association
Aug 31, 1991	U.S. Trust Company of Texas	TX	U.S. Trust Company of Texas, National Association
Aug 31, 1991	Lakeshore Bank, N. A.	OK	Bank One, Oklahoma City
Aug 31, 1991	Beckley National Bank	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	Merchants & Miners National Bank of Oak Hill	WV	Bank One, West Virginia, Beckley, National Association
Aug 31, 1991	State Bank of Firth, Inc.	NE	Farmers State Bank
Aug 31, 1991	Brown & Bigelow Employees Credit Union	MN	Riverview Credit Union
Aug 31, 1991	TN Grange Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Kerns Empl Cu	TN	First Choice Community Credit Union
Aug 31, 1991	Southeast Cedar Rapids Community Credit Union	IA	Collins Community Credit Union
Aug 30, 1991	Arab Fcu	AL	Redstone Federal Credit Union
Aug 27, 1991	Ccta Federal Credit Union	MD	First Financial of Maryland Federal Credit Union
Aug 26, 1991	First Wisconsin Bank of Two Rivers	WI	Firstar Bank Manitowoc
Aug 26, 1991	Citgo Federal Credit Union	NJ	Energy One Federal Credit Union
Aug 24, 1991	Shidler Bancshares, Inc.	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Community Bank	OK	Security Bank & Trust Company of Ponca City, Oklahoma
Aug 24, 1991	Lamar Industrial Bank	CO	Frontier Bank
Aug 23, 1991	Parish National Bank of St. Tammany	LA	Parish National Bank
Aug 22, 1991	Letchworth Ag Credit Corporation	NY	Letchworth Independent Bancshares Corporation
Aug 21, 1991	CB Bancshares, Inc.	GA	Synovus Financial Corp.
Aug 19, 1991	The Capital National Bank in Austin	TX	Norwest Bank Texas, Austin, National Association
Aug 19, 1991	Havana Bancshares, Inc.	IL	FB Corporation
Aug 19, 1991	Home Savings Bank, S.A.	WI	TCF National Bank Wisconsin
Aug 19, 1991	Electricians of 25 Federal Credit Union	NY	Nassau Financial Federal Credit Union
Aug 17, 1991	Farmers Exchange Bank	KY	Fifth Third Bank, Kentucky, Inc.
Aug 15, 1991	First Oak Brook Bank/Addison	IL	1st Oak Brook 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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