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 | Assets |
|---|---|---|
| Dec 16, 1994 | Cornerstone Bank FSB | $44.3M |
| Oct 21, 1994 | Ludlow Savings Bank | $222.7M |
| Aug 26, 1994 | Capital Bank | $76.9M |
| Aug 12, 1994 | Bank of Newport | $167.8M |
| Jul 29, 1994 | Commerce Bank | $142.3M |
| Jul 29, 1994 | Western Community Bank | $54.0M |
| Jul 15, 1994 | Bank of San Pedro | $132.6M |
| Jul 8, 1994 | Pioneer Bank | $133.2M |
| Jul 7, 1994 | The Meriden Trust and Safe Deposit | $3.2M |
| Jun 10, 1994 | The Bank of Hartford | $321.5M |
| Jun 3, 1994 | Encino Savings Bank, FSB | $92.5M |
| May 19, 1994 | Barbary Coast National Bank | $10.7M |
| May 6, 1994 | Commercial Bank and Trust Company | $30.3M |
| Apr 14, 1994 | Superior National Bank | $20.0M |
| Apr 1, 1994 | Mechanics National Bank | $148.7M |
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 | Acquirer |
|---|---|---|
| Aug 16, 1994 | Sterling Bank | Fleet Bank of Massachusetts, National Association |
| Aug 16, 1994 | United National Corporation | United National Corporation |
| Aug 16, 1994 | Sterling Bancshares Corporation | Fleetboston Financial Corporation |
| Aug 15, 1994 | OMNIBANK University Hills | OMNIBANK Southeast |
| Aug 15, 1994 | OMNIBANK Arvada | OMNIBANK Southeast |
| Aug 13, 1994 | The Lincoln Savings Bank, FSB | Anchor Savings Bank, FSB |
| Aug 12, 1994 | C.B. Bancshares, Inc. | Mark Twain Bancshares, Inc. |
| Aug 11, 1994 | Handy Andy Employee Federal Credit Union | Credit Human Federal Credit Union |
| Aug 11, 1994 | (unnamed) | Bank Midwest, N.A. |
| Aug 8, 1994 | Bedford National Bank | First National Bank of Grapevine |
| Aug 6, 1994 | Shadow Lawn Savings Bank, SLA | Santander Bank, N.A. |
| Aug 5, 1994 | Edgecomb Homestead Savings Bank, Inc., SSB | First-Citizens Bank & Trust Company |
| Aug 4, 1994 | Brunswick Federal Credit Union | Teachers Federal Credit Union |
| Aug 4, 1994 | Lockwood Banc Group, Incorporated | Comerica Texas Incorporated |
| Aug 3, 1994 | Erick Bancorporation, Inc. | Erick Bancshares, Inc. |
| Aug 1, 1994 | Merced Bank of Commerce | Valliwide Bank |
| Aug 1, 1994 | Wassaic Federal Credit Union | Bridgeway Federal Credit Union |
| Aug 1, 1994 | Alliance National Bank and Trust Company | First National Bank |
| Aug 1, 1994 | Husser Community Credit Union | La Capitol Federal Credit Union |
| Aug 1, 1994 | Industrial Credit Union of Nashville | Old Hickory Credit Union |
| Aug 1, 1994 | Pierce County Bank and Trust Company | M&I Community State Bank |
| Aug 1, 1994 | MidAmerica Bank Stoughton | MidAmerica Bank |
| Aug 1, 1994 | Valley Bank, Menomonie | M&I Community State Bank |
| Aug 1, 1994 | Bancflorida, A Federal Savings Bank | First Union National Bank of Florida |
| Aug 1, 1994 | A&P Tea Federal Credit Union | Suburban Federal Credit Union |
| Aug 1, 1994 | Valley Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | Bay Savings Bank FSB | First Federal of Michigan |
| Aug 1, 1994 | Mid Maine Savings Bank F.S.B. | TD Bank, N.A. |
| Aug 1, 1994 | M&I Greater Milwaukee Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | Hometown Bancshares, Inc. | Commercial Bancshares, Incorporated |
| Aug 1, 1994 | (unnamed) | M&I Lake Country Bank |
| Aug 1, 1994 | Ridgewood Area Schools Credit Union | Leyden Credit Union |
| Aug 1, 1994 | The First National Bank of Kensington | Farmers National Bank |
| Aug 1, 1994 | First Continental Bancshares, Inc. | Hibernia Corporation |
| Aug 1, 1994 | M&I Wauwatosa State Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | Chevron Socal Credit Union | Chevron Federal Credit Union |
| Aug 1, 1994 | Flagg Employees Federal Credit Union | Tri County Area Federal Credit Union |
| Aug 1, 1994 | First Bancorp of Louisiana, Inc. | Hibernia Corporation |
| Aug 1, 1994 | First National Bank of West Monroe | Capital One, N.A. |
| Aug 1, 1994 | Capital Savings Bank, Federal Savings Bank | Washington Federal Savings Bank |
| Aug 1, 1994 | Southern National Bank at Tallulah | Capital One, N.A. |
| Aug 1, 1994 | M&I Greater Waukesha | M&I Lake Country Bank |
| Aug 1, 1994 | Valley Bank | M&I Bank of Southern Wisconsin |
| Aug 1, 1994 | First National Bank of Jefferson Parish | Capital One, N.A. |
| Jul 31, 1994 | Midwest Insurance Services, Inc. | Bank Midwest, Minnesota Iowa, National Association |
| Jul 31, 1994 | Augusta Financial Group, Inc. | Wells Fargo Bank Texas, National Association |
| Jul 31, 1994 | E P B P Federal Credit Union | Garden Savings Federal Credit Union |
| Jul 31, 1994 | T & B Federal Credit Union | L'Oreal USA Federal Credit Union |
| Jul 30, 1994 | Citizens Federal Savings Bank | Trans Financial Bank of Tennessee, Federal Savings Bank |
| Jul 30, 1994 | Southern Ocean State Bank | Sun National Bank |
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 |
Browse adjacent years: 1993 · 1995
Or jump to a category: Failures · Mergers · Enforcement · Assistance