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Calendar Year

1994 in US Banking

1,728 bank events are on record for 1994: 15 failures, 1,234 mergers or acquisitions involving a bank, credit union or bank holding company, and 479 enforcement actions.

15
Failures
$1.60B in failed assets
1,234
Mergers
Federal Reserve NIC, banking organizations
479
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1994 · Bank mergers 1994

How many banks failed in 1994?

15 banks failed in 1994, with $1.60B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 16, 1994 Cornerstone Bank FSB Mission Viejo, CA $44.3M California FB, a FSB
Oct 21, 1994 Ludlow Savings Bank Ludlow, MA $222.7M Albany Savings Bank FSB
Aug 26, 1994 Capital Bank Downey, CA $76.9M Landmark Bank
Aug 12, 1994 Bank of Newport Newport Beach, CA $167.8M Union Bank
Jul 29, 1994 Commerce Bank Newport Beach, CA $142.3M California State Bank
Jul 29, 1994 Western Community Bank Corona, CA $54.0M Bank of San Bernardino
Jul 15, 1994 Bank of San Pedro Los Angeles, CA $132.6M Home Bank
Jul 8, 1994 Pioneer Bank Fullerton, CA $133.2M Chino Valley Bank
Jul 7, 1994 The Meriden Trust and Safe Deposit Meriden, CT $3.2M People's Savings Bank & Tru
Jun 10, 1994 The Bank of Hartford Hartford, CT $321.5M Eagle Federal Savings Ba
Jun 3, 1994 Encino Savings Bank, FSB Encino, CA $92.5M American SB, F.A.
May 19, 1994 Barbary Coast National Bank San Francisco, CA $10.7M Metropolitan Bank
May 6, 1994 Commercial Bank and Trust Company Lowell, MA $30.3M Medford Savings Bank
Apr 14, 1994 Superior National Bank Kansas City, MO $20.0M Citizens-Jackson County Ban
Apr 1, 1994 Mechanics National Bank Paramount, CA $148.7M Home Bank

Which banks merged in 1994?

1,234 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1994.

See the fuller list: Bank mergers 1994 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1994 Clairton, Pennsylvania Employees Federal Credit Union PA United Community Federal Credit Union
Dec 31, 1994 First of America Bank-Illinois, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First Fidelity Bank, FSB MD First Fidelity Bank, National Association, New Jersey
Dec 31, 1994 Pioneer Bank & Trust Company LA Capital One, N.A.
Dec 31, 1994 First of America Bank - Springfield, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Central MI National City Bank of the Midwest
Dec 31, 1994 Grayson County State Bank TX American Bank of Texas
Dec 31, 1994 Boca Bank FL Intercontinental Bank, National Association
Dec 31, 1994 The Bank of Greeley CO KeyBank National Association
Dec 31, 1994 Octane Credit Union MA Touchstone Federal Credit Union
Dec 31, 1994 First of America Bank-Quad Cities, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Ann Arbor MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank-Southeast Michigan, National Association MI National City Bank of the Midwest
Dec 31, 1994 American National Bank of Pottsboro TX American Bank of Texas
Dec 31, 1994 J C Typographical Local No 94 Federal Credit Union NJ W.K. Federal Credit Union
Dec 31, 1994 One Valley Services, Inc. WV One Valley Bank, National Association
Dec 31, 1994 Grenada Sunburst System Corporation MS Union Planters Corporation
Dec 31, 1994 First of America Bank-Metro Southwest, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 Central Building Corporation OK Bank One, Oklahoma City
Dec 31, 1994 Pioneer Bancshares Corporation LA Hibernia Corporation
Dec 31, 1994 First of America Bank-Champion, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Decatur, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 Intermountain Investors, Inc. MT Bank of Montana System
Dec 31, 1994 First of America-North Central Illinois, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First Federal Savings Bank WV (unnamed)
Dec 31, 1994 H & S Credit Union IL Taylorville Community Credit Union
Dec 31, 1994 First of America Bank-Champaign, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First State Bank and Trust Company LA Capital One, N.A.
Dec 31, 1994 Montana Agencies MT Bank of Montana System
Dec 31, 1994 Compass Bank FL Compass Bank
Dec 31, 1994 The Leonard National Bank TX American Bank of Texas
Dec 31, 1994 Central Fidelity Mortgage Corporation VA Central Fidelity National Bank
Dec 31, 1994 First of America Bank - Mid Michigan, National Association MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank - Northern Michigan MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank-Upper Peninsula, National Association MI National City Bank of the Midwest
Dec 30, 1994 Columbian Newspaper Federal Credit Union WA Columbia Community Credit Union
Dec 30, 1994 Robideaux Properties, Inc. UT West One Bancorp
Dec 30, 1994 The Bank of Kincaid KS Citizens Bank, National Association
Dec 30, 1994 Jamestown Metal Employees Credit Union NY Greater Woodlawn Federal Credit Union
Dec 29, 1994 Martha's Vineyard National Bank MA Compass Bank for Savings
Dec 29, 1994 Grand Prairie Bancshares, Inc. AR Citizens Bank & Trust
Dec 29, 1994 Junction City Holding Company AR (unnamed)
Dec 29, 1994 Farmers National Bancorp MD First Virginia Banks, Inc.
Dec 29, 1994 Saint Charles Federal Bancshares, Inc. MO FB Corporation
Dec 28, 1994 Bourbonnais Bancorp, Inc. IL Bank of Bourbonnais
Dec 23, 1994 Chapman Bancshares, Inc. KS First Kansas Holding Company
Dec 23, 1994 Security First Bank PA Jefferson Bank
Dec 23, 1994 Community Banks of Kansas, Inc. KS First Kansas Holding Company
Dec 21, 1994 Usda of North East Employees Federal Credit Union MA Hanscom Federal Credit Union
Dec 19, 1994 Banc One Investor Services Corporation OH Bank One Corporation

The list holds 500 of the 1,234 mergers recorded for 1994.

Enforcement Actions in 1994

Action date Agency Institution Action
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Frank J. Mirabella Jr.
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Mel C. Reese III
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Donald J. Lewis
Dec 29, 1994 FRB PT. Bank Ekspor Impor Indonesia (Persero) Written Agreement: PT Bank Ekspor Impor Indonesia (Persero), Jakarta, Indonesia and PT Bank Ekspor …
Dec 28, 1994 OCC_OTS Heartland Bank Orders of Removal/Prohibition: Gregory Norman
Dec 22, 1994 OCC American Commerce National Bank Prohibition/Removal Orders: Kaller, Stanley
Dec 22, 1994 OCC_OTS The Elmira Savings Bank Orders of Removal/Prohibition: Robert N. Gamer
Dec 22, 1994 OCC_OTS Republic Federal Savings and Loan Association Orders of Removal/Prohibition: Guy M. Massey
Dec 22, 1994 OCC_OTS Elmira Savings Bank Cease and Desist: Robert N. Gamer
Dec 22, 1994 OCC American Commerce National Bank Civil Money Penalty (CMP): Kaller, Stanley
Dec 21, 1994 FRB California Center Bank Cease and Desist Order: Sunnie S. Kim
Dec 21, 1994 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kim, Sunnie S.
Dec 19, 1994 OCC The Park Avenue Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Avenue Bank, N.A.
Dec 19, 1994 FRB Banco Latino, C.A. Cease and Desist Order: Banco Latino C.A., Caracas, Venezuela and Banco Latino International, Miami, …
Dec 16, 1994 FRB Fe-San Francisco Ca, LLC Written Agreement: The San Francisco Company, San Francisco, CA
Dec 15, 1994 OCC Fallbrook National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Williams, Lloyd
Dec 15, 1994 FRB UFJ Trust Company of New York Prohibition from Banking: James A. MacCallum
Dec 15, 1994 FRB UFJ Trust Company of New York Cease and Desist Order: James A. MacCallum
Dec 14, 1994 OCC_OTS Transohio Federal Savings Bank Orders of Removal/Prohibition: Cloyd A. Singhass
Dec 13, 1994 OCC The Home National Bank Formal Agreement: The Home National Bank
Dec 9, 1994 FRB Hanmi Bank Written Agreement: Hanmi Bank, Los Angeles, CA
Dec 7, 1994 OCC_OTS Amerifirst Federal Savings Bank Orders of Removal/Prohibition: Richard M. Hattler
Dec 7, 1994 OCC Bank One Trust Company, N.A. Prohibition/Removal Orders: Hartwell, Daniel J.
Dec 6, 1994 FRB The Blackshear Bank Prohibition from Banking: Charles N. Rowland
Dec 6, 1994 FRB Bank of Versailles Cease and Desist Order: The Bank of Versailles, Versailles, KS
Dec 4, 1994 FRB Bankers Trust Company New York Limited Written Agreement: Bankers Trust New York Corporation, Bankers Trust Company and BT Securities Corporation, …
Nov 23, 1994 FRB United Bank Corporation of New York Cease and Desist Order: Michael Jacobs
Nov 23, 1994 OCC The Upstate National Bank Civil Money Penalty (CMP): Jacobs, Michael
Nov 23, 1994 OCC The Upstate National Bank Prohibition/Removal Orders: Jacobs, Michael A.
Nov 23, 1994 FRB United Bank Corporation of New York Prohibition from Banking: Michael Jacobs
Nov 23, 1994 FRB United Bank Corporation of New York Civil Money Penalty $100,000: Michael Jacobs
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Syntek West, Inc.
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: The May Trust
Nov 22, 1994 OCC_OTS Southmark Corporation Cease and Desist: William S. Friedman
Nov 22, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: William S. Friedman
Nov 22, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Gene E. Phillips
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Galaxy Associates
Nov 22, 1994 FRB Bank Melli Iran Written Agreement: Bank Melli Iran, Tehran, Iran, Bank Melli Iran, New York, NY and …
Nov 22, 1994 FRB The First State Bank of West Manchester Written Agreement: The First State Bank of West Manchester, West Manchester, OH
Nov 22, 1994 OCC_OTS Southmark Corporation Cease and Desist: Gene Phillips
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Syntek Investment Properties, Inc
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: Bruce Kallemeyn
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: J. B. Tate
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: John H. Boren
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: M. L. Duke
Nov 21, 1994 OCC Texas National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lauder, W.B.
Nov 21, 1994 FRB Bank Saderat Iran Cease and Desist Order: Bank Saderat Iran, Tehran, Iran and Bank Saderat Iran, New …
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: Fla Joyce Boren
Nov 17, 1994 OCC Western Family National Bank Prohibition/Removal Orders: McMahan, Joanne S.
Nov 17, 1994 OCC Richardson National Bank Prohibition/Removal Orders: West, Charles

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