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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
Oct 1, 1994 Tri-County State Bank of Ortonville MN CenBank
Oct 1, 1994 The First National Bank of Hooper NE First Northeast Bank of Nebraska
Oct 1, 1994 The Bank of Walnut MS The Peoples Bank
Oct 1, 1994 Central Pennsylvania Savings Association, F.A. PA Great Valley Savings Bank
Oct 1, 1994 Gentro Federal Credit Union TX Complex Community Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Beckley, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Ufcw Mid-Atlantic Federal Credit Union MD Afl-Cio Employees Federal Credit Union
Oct 1, 1994 Sonoma-Marin Credit Union CA Patelco Credit Union
Oct 1, 1994 Topflight Federal Credit Union PA Pace Resources Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Lincoln, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Cabot Credit Union VT North Country Federal Credit Union
Oct 1, 1994 Corhart Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1994 Bank of Sardis MS First Security Bank
Oct 1, 1994 Bank One, West Virginia, Boone, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Hopaco Employees Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 Farmco Employees Credit Union MA Four Points Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Logan, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Citizens State Bank KS Citizens Bank of Kansas
Oct 1, 1994 Treasure Credit Union MA Franklin First Federal Credit Union
Oct 1, 1994 Kai-Perm Hawaii Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 Engineers Credit Union MS Delta Federal Credit Union
Oct 1, 1994 Muse Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 (unnamed) — Citizens Bank of Kentucky
Oct 1, 1994 Bekins Employees Federal Credit Union CA Logix Federal Credit Union
Oct 1, 1994 Biltmore Farms Credit Union NC Champion Credit Union
Oct 1, 1994 Lincoln Bank South NE National Bank of Commerce Trust and Savings Association
Oct 1, 1994 Meramec State Bank MO Sullivan Bank
Oct 1, 1994 Bank One, West Virginia, Wayne County, Inc. WV Bank One, West Virginia, National Association
Oct 1, 1994 Brownfield State Bank TX American State Bank
Oct 1, 1994 Timken Community Credit Union KS Heartland Credit Union
Oct 1, 1994 First Savings Bank, F.S.B. GA Allied Bank of Georgia
Oct 1, 1994 Community First Bank of May's Lick KY Community First Bank
Oct 1, 1994 First Federal Savings & Loan Association of Hastings MN Midcountry Bank
Oct 1, 1994 The Turon State Bank KS Citizens Bank of Kansas
Oct 1, 1994 Laddonia State Bank MO Central Bank of Audrain County
Oct 1, 1994 Bank One, West Virginia, Charles Town WV Bank One, West Virginia, National Association
Oct 1, 1994 The Moniteau National Bank of California MO Commerce Bank, National Association
Oct 1, 1994 HTH Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 First Federal Savings Bank of Kentucky KY Citizens Bank of Kentucky
Oct 1, 1994 Bank One, West Virginia, St. Albans, National Association WV Bank One, West Virginia, National Association
Sep 30, 1994 First Alex Bancshares, Inc. OK First Independent Bancorp, Inc.
Sep 30, 1994 O.C.B. Bancorp IN Old National Bancorp
Sep 30, 1994 Fishkill National Corporation NY Premier National Bancorp, Inc.
Sep 30, 1994 Inter-City Products Employees Credit Union TN Heritage South Community Credit Union
Sep 30, 1994 Osceola National Bank FL Colonial Bank
Sep 30, 1994 Saint James Ame Cleveland Federal Credit Union OH Cory Methodist Church Credit Union, Inc.
Sep 30, 1994 The First National Bank of Rhinebeck NY Premier National Bank
Sep 30, 1994 Midwest Bank of Oquawka IL Midwest Bank
Sep 30, 1994 Cohasset Savings Bank MA Fleet National Bank of Massachusetts
Sep 30, 1994 Big Three/Bowen Credit Union TX Safeamerica Credit Union

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

Enforcement Actions in 1994

Action date Agency Institution Action
Jan 11, 1994 OCC Sears National Bank Civil Money Penalty (CMP): Keyes, Robert E.
Jan 11, 1994 OCC Luzerne National Bank Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Luzerne National Bank
Jan 10, 1994 OCC First National Bank in Kaufman Prohibition/Removal Orders: Lowder, Paul
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: H.H. Sheikh Sultan bin Zayed Al-Nahyan
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: Members of the Board of Directors of the Abu Dhabi Investment Authority
Jan 7, 1994 OCC_OTS Landis Savings and Loan Association Supervisory Agreement: Landis Savings Bank SLA
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: Abu Dhabi Department of Finance
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: Abu Dhabi Investment Authority
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: Department of Private Affairs of Sheikh Zayed bin Sultan Al-Nahyan
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: H.H. Sheikh Khalifa bin Zayed Al-Nahyan
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: H.H. Sheikh Mohammed bin Zayed Al-Nahyan
Jan 7, 1994 FRB Bcci Holdings (Luxembourg) S.A. Written Agreement: Sheikh Zayed bin Sultan Al-Nahyan
Jan 6, 1994 OCC West Columbia National Bank Prohibition/Removal Orders: Neff, Michael V.
Jan 6, 1994 OCC Park Forty-Five National Bank Prohibition/Removal Orders: Williams, Larry B.
Jan 6, 1994 OCC Central National Bank of New York Civil Money Penalty (CMP): Cortellesi, Jerome P.
Jan 6, 1994 OCC College Boulevard National Bank Civil Money Penalty (CMP): Katz, Ward A.
Jan 6, 1994 OCC Park Forty-Five National Bank Civil Money Penalty (CMP): Anderson, Gordon M.
Jan 6, 1994 OCC Park Forty-Five National Bank Civil Money Penalty (CMP): Williams, Larry B.
Jan 6, 1994 OCC College Boulevard National Bank Civil Money Penalty (CMP): Zeinfeld, Seymour
Jan 6, 1994 OCC Citizens National Bank Prohibition/Removal Orders: Allen, Neil E.
Jan 6, 1994 OCC Central National Bank of New York Prohibition/Removal Orders: Cortellesi, Jerome P.
Jan 4, 1994 OCC Barbary Coast National Bank Civil Money Penalty (CMP): Collins-Lancaster, Patricia
Jan 4, 1994 OCC Park Forty-Five National Bank Civil Money Penalty (CMP): Dube, Clarence O.
Jan 3, 1994 FRB United London Group, Inc. Prohibition from Banking: Marlen V. Johnson
Jan 3, 1994 OCC_OTS (individual) Cease and Desist: Carter C. Green
Jan 3, 1994 OCC_OTS Plaza Savings and Loan Association Cease and Desist: Centrust Financial
Jan 3, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Carter C. Green
Jan 3, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Centrust Financial
Jan 3, 1994 FRB (individual) Civil Money Penalty $4,000: Founders' Bank, Bryn Mawr, PA

Browse adjacent years: 1993 · 1995

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