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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
Nov 17, 1994 OCC Western Family National Bank Prohibition/Removal Orders: McMahan, Richard A.
Nov 17, 1994 OCC Western Family National Bank Prohibition/Removal Orders: McMahan, R. Roderick
Nov 17, 1994 OCC Western Family National Bank Civil Money Penalty (CMP): McMahan, Richard A.
Nov 17, 1994 OCC Western Family National Bank Civil Money Penalty (CMP): McMahan, R. Roderick
Nov 17, 1994 OCC Western Family National Bank Civil Money Penalty (CMP): McMahan, Joanne S.
Nov 17, 1994 FRB Manufacturers Hanover Corporation Prohibition from Banking: Daniel Young
Nov 15, 1994 OCC_OTS Valley River Trail Limited Orders of Removal/Prohibition: Rolando J. Medina Jr.
Nov 15, 1994 OCC_OTS Republic Bank & Trust Company Cease and Desist: Bernard M. Trager
Nov 15, 1994 OCC_OTS Republic Bank & Trust Company Cease and Desist: Steven Trager
Nov 8, 1994 OCC_OTS University Bancshares, Inc. Orders of Removal/Prohibition: J. Richard Collier
Nov 3, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Maria A. Haraus
Nov 3, 1994 OCC Credit One Bank, N.A. Civil Money Penalty (CMP): Rice, Alvin C.
Nov 3, 1994 OCC Credit One Bank, N.A. Prohibition/Removal Orders: Rice, Alvin C.
Nov 2, 1994 FRB CBC Bancorp, Inc. Written Agreement: CBC Bancorp, Inc., New Haven, CT
Oct 27, 1994 OCC The First National Bank of Gatlinburg Formal Agreement: The First National Bank Of Gatlinburg
Oct 27, 1994 OCC_OTS New Jersey Savings and Loan Association Orders of Removal/Prohibition: Donald F. DeNucci
Oct 26, 1994 OCC The First National Bank and Trust Company of Junction City, Kansas Formal Agreement: The First National Bank And Trust Company Of Junction City, Kansas
Oct 25, 1994 OCC The Farmers National Bank of Forney Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers National Bank Of Forney
Oct 24, 1994 FRB The Blackshear Bank Prohibition from Banking: Earl E. Echols
Oct 24, 1994 FRB The Blackshear Bank Civil Money Penalty $1,000: Earl E. Echols
Oct 24, 1994 FRB Bank Sepah Iran Civil Money Penalty $100,000: Bank Sepah Iran, Tehran, Iran
Oct 19, 1994 OCC_OTS Yorkville Federal Savings Association Cease and Desist: Warren H. Young
Oct 19, 1994 OCC_OTS Yorkville Federal Savings Association Civil Money Penalty: Warren Young
Oct 19, 1994 OCC_OTS Yorkville Federal Savings Association Orders of Removal/Prohibition: Warren H. Young
Oct 11, 1994 OCC_OTS Cross County Savings Bank Orders of Removal/Prohibition: Michael Cousin
Oct 7, 1994 OCC The First National Bank of Bangor Civil Money Penalty (CMP): Hoffman, Leonard
Oct 5, 1994 OCC Chase Manhattan S.A. Securities Enforcement Action: The Chase Manhattan Bank, N.A.
Oct 4, 1994 FRB California Center Bank Cease and Desist Order: California Center Bank, Los Angeles, CA
Oct 3, 1994 OCC_OTS First Newport Federal Savings Bank Orders of Removal/Prohibition: Annette D. Bernard
Oct 3, 1994 OCC The Private Bank & Trust, N.A. Civil Money Penalty (CMP): Gisbert, Antonio
Oct 3, 1994 OCC The Private Bank & Trust, N.A. Prohibition/Removal Orders: Gisbert, Antonio
Sep 29, 1994 OCC_OTS Fidelity Federal Savings & Loan Association Orders of Removal/Prohibition: Armondo Felicetti
Sep 29, 1994 OCC_OTS Metropolitan Financial Corporation Orders of Removal/Prohibition: Thelma A. Smith
Sep 28, 1994 FRB Citizens First State Bank of Walnut Written Agreement: Citizens Bancshares, Inc., and Citizens First Bank of Walnut, Walnut, IL
Sep 28, 1994 OCC Summit National Bank Prohibition/Removal Orders: Cavallari, Augustus I.
Sep 28, 1994 OCC Texas National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Texas National Bank
Sep 28, 1994 OCC Mayde Creek Bank National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mayde Creek Bank, National Association
Sep 28, 1994 OCC First National Bank of Bellaire Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Bellaire
Sep 27, 1994 OCC_OTS First National Bank of Shenandoah Cease and Desist: Eugene N. Hooper
Sep 27, 1994 OCC_OTS First National Bank of Shenandoah Civil Money Penalty: Eugene N. Hooper
Sep 27, 1994 OCC_OTS First National Bank of Shenandoah Orders of Removal/Prohibition: Eugene N. Hooper
Sep 26, 1994 OCC_OTS Republic Bank & Trust Company Cease and Desist: Bernard M. Trager
Sep 26, 1994 OCC_OTS Republic Bank & Trust Company Cease and Desist: Steven Trager
Sep 26, 1994 OCC_OTS Republic Bank & Trust Company Civil Money Penalty: Steven Trager
Sep 26, 1994 OCC_OTS Republic Bank & Trust Company Civil Money Penalty: Bernard N. Trager
Sep 26, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Edmond D. Costantini Jr.
Sep 26, 1994 OCC_OTS (individual) Cease and Desist: Edmond D. Constantini, Jr.
Sep 23, 1994 OCC First Charter Bank, National Association Formal Agreement: First Charter Bank National Association
Sep 23, 1994 OCC The First National Bank of Bayard Formal Agreement: The First National Bank of Bayard
Sep 23, 1994 OCC The First National Bank of Bayard Formal Agreement: Krantz, James

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