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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
Aug 2, 1994 OCC_OTS Equity Bank for Savings, F.A. Cease and Desist: Bobbie L. Settle
Aug 1, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Mary E. Schneider
Aug 1, 1994 OCC_OTS Provident Savings Bank, a federal savings bank Supervisory Agreement: Provident Savings Bank, A FSB
Jul 29, 1994 OCC The Lyons National Bank Formal Agreement: The Lyons National Bank
Jul 29, 1994 FRB (individual) Written Agreement: Bangkok Metropolitan Bank, PCL, Bangkok, Thailand and Bangkok Metropolitan Bank, PCL, San …
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Salzberg, Isaac
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Golden, Nathan
Jul 22, 1994 OCC First Charter National Bank Prohibition/Removal Orders: Troutman, G. Raiford
Jul 22, 1994 OCC The Casey National Bank Prohibition/Removal Orders: Elliott, Donald C.
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Weiner, Stanley
Jul 22, 1994 OCC First Charter National Bank Civil Money Penalty (CMP): Troutman, G. Raiford
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Sturman, Herbert
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Salzberg, Jack
Jul 22, 1994 OCC First Charter Bank, National Association Civil Money Penalty (CMP): Liker, Alan
Jul 21, 1994 OCC_OTS Gateway Federal Savings Bank Cease and Desist: Gateway Bank, FSB
Jul 19, 1994 FRB Sebastian Bankshares, Inc. Cease and Desist Order: Sebastian Bankshares, Inc., Barling, AR and River Valley Bank & …
Jul 19, 1994 FRB Bank of St. Petersburg Written Agreement: Bank of St. Petersburg, St. Petersburg, FL
Jul 13, 1994 OCC_OTS First New Mexico Bank Orders of Removal/Prohibition: Nancy E. Leal
Jul 13, 1994 OCC_OTS Bluebonnet Savings Bank, FSB Orders of Removal/Prohibition: Shirley Apodaca
Jul 13, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Ronald Charles Ullevig
Jul 13, 1994 OCC_OTS (individual) Cease and Desist: Ronald C. Ullevig
Jul 12, 1994 FRB Provident Bancorp of Texas, Inc. Cease and Desist Order: Donald R. Horton
Jul 12, 1994 FRB Bank of Credit and Commerce International S.A. Prohibition from Banking: Ali Mohammed Al Shorafa
Jul 12, 1994 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $100,000: Donald R. Horton
Jul 12, 1994 FRB Bank of Credit and Commerce International S.A. Cease and Desist Order: Ali Mohammed Al Shorafa
Jul 7, 1994 OCC_OTS Collective Federal Savings Bank Orders of Removal/Prohibition: Waynette M. Farmer
Jul 1, 1994 OCC American Commerce National Bank Prohibition/Removal Orders: Charney, Norman
Jul 1, 1994 OCC American Commerce National Bank Civil Money Penalty (CMP): Charney, Norman
Jun 30, 1994 OCC_OTS Home Unity Savings and Loan Association Orders of Removal/Prohibition: David J. Clarke
Jun 30, 1994 OCC_OTS Eureka Homestead Cease and Desist: Eureka Homestead Society
Jun 30, 1994 OCC_OTS Columbia Savings and Loan Association, Federal Association Cease and Desist: Jeffrey S. Worthy
Jun 30, 1994 OCC_OTS Columbia Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Jeffrey S. Worthy
Jun 29, 1994 OCC_OTS American Savings and Loan Association of Florida Cease and Desist: AmericanSavings of Florida, F.S.B.
Jun 29, 1994 OCC_OTS American Savings and Loan Association of Florida Civil Money Penalty: American Savings of Florida, FSB
Jun 28, 1994 OCC_OTS Great Lakes National Bank Michigan Cease and Desist: Paul R. Rentenbach
Jun 28, 1994 OCC_OTS Preferred Bancshares, Inc. Orders of Removal/Prohibition: Billy Ray Golden
Jun 28, 1994 OCC_OTS Amador Valley Savings and Loan Association Civil Money Penalty: Ben Fernandez
Jun 28, 1994 OCC_OTS Preferred Savings Association Cease and Desist: Billy Ray Golden
Jun 24, 1994 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Juanita Causey
Jun 23, 1994 OCC_OTS Bay Federal Savings Bank Orders of Removal/Prohibition: John Christo Jr.
Jun 23, 1994 OCC_OTS Bay Federal Savings Bank Civil Money Penalty: John G. Christo
Jun 22, 1994 OCC_OTS (individual) Civil Money Penalty: Harry Amer
Jun 22, 1994 OCC_OTS (individual) Civil Money Penalty: Dorothea R. Pape
Jun 22, 1994 OCC_OTS American Savings and Loan Association Civil Money Penalty: Daniel Geremia
Jun 22, 1994 OCC_OTS (individual) Civil Money Penalty: Anthony Scafa
Jun 22, 1994 OCC_OTS American Savings and Loan Association Cease and Desist: Daniel Geremia
Jun 22, 1994 OCC_OTS (individual) Civil Money Penalty: John G. Breslin
Jun 22, 1994 OCC_OTS (individual) Cease and Desist: John G. Breslin
Jun 22, 1994 OCC_OTS (individual) Cease and Desist: Dorothea R. Pape
Jun 22, 1994 OCC_OTS (individual) Cease and Desist: Harry Amer

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