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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 12, 1994 Towner Bancorporation, Ltd. ND Western State Agency, Inc.
Oct 12, 1994 Drake-Lyman Bancshares, Inc. WY United Bancorporation of Wyoming, Inc.
Oct 8, 1994 First National Bank of Vicksburg MS Trustmark Bank
Oct 8, 1994 Huntington Bank Martinsburg National Association WV Huntington National Bank West Virginia
Oct 8, 1994 Northwest Bank of Enid OK BOKF, N.A.
Oct 8, 1994 First National Financial Corporation MS Trustmark Corporation
Oct 8, 1994 Green Mountain Bank CO Colorado National Bank
Oct 7, 1994 First Southern Missouri Bancshares, Inc. MO Midwest Bancshares, Inc.
Oct 7, 1994 Westcal National Bank CA Greater Bay Bank, National Association
Oct 6, 1994 Allstates Federal Credit Union PA American Heritage Federal Credit Union
Oct 6, 1994 Peoples Bancorp of Green County, Inc. KY Greensburg Bancorp, Inc
Oct 6, 1994 Southeast Mississippi Bank MS BankPlus
Oct 5, 1994 Downstate National Bank IL First Mid Bank & Trust, N.A.
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Farley Bancshares, Inc. MO KLT Bancshares, Inc.
Oct 3, 1994 United New Mexico Bank at Roswell NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 (unnamed) — Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Leelanau Catholic Credit Union MI Traverse Catholic Federal Credit Union
Oct 3, 1994 United New Mexico Bank at Alamogordo NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Mimbres Valley NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Vaughn NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Trust Company NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Lea County NM Wells Fargo Bank New Mexico, National Association
Oct 2, 1994 Desoto Bancshares, Inc. IL Southern Bancshares, Ltd.
Oct 2, 1994 Bank of De Soto IL First National Bank and Trust Company, Carbondale, Illinois
Oct 2, 1994 Abc Safety Deposit Co. IL ABC Bank
Oct 1, 1994 Jefferson Bancshares, Incorporated GA Allied Bankshares, Inc.
Oct 1, 1994 First Community Bancshares, Inc. GA Regions Financial Corporation
Oct 1, 1994 Citizens First Bancorp, Inc. NJ Natwest Holdings Inc.
Oct 1, 1994 Bank of Jefferson County GA Allied Bank of Georgia
Oct 1, 1994 Citizens Bank & Trust GA Allied Bank of Georgia
Oct 1, 1994 Citizens First National Bank of New Jersey NJ National Westminster Bank USA
Oct 1, 1994 Bank One, West Virginia, Philippi, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Clarksburg, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank of Reynolds IN Lafayette Bank and Trust Company, National Association
Oct 1, 1994 Business Bancorp CA SJNB Financial Corp.
Oct 1, 1994 California Business Bank, National Association CA San Jose National Bank
Oct 1, 1994 Bank One, West Virginia, Williamson, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Nicholas County, Inc. WV Bank One, West Virginia, National Association
Oct 1, 1994 Methodist Hospital Federal Credit Union TX Primeway Federal Credit Union
Oct 1, 1994 Jersey Shore Federal Credit Union NJ Jersey Shore Federal Credit Union
Oct 1, 1994 S L C Federal Credit Union TX Resource One Credit Union
Oct 1, 1994 PVC Employees Federal Credit Union PA Cross Valley Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Buckhannon, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Charleston, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 First Financial-Port Savings Bank, FSB WI First Financial Bank
Oct 1, 1994 Citizens Bank of Kentucky, National Association KY Citizens Bank of Kentucky

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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