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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 17, 1994 FirstBank of South Boulder, National Association CO FirstBank of Boulder
Dec 17, 1994 Unity Bancorp, Inc. OH SKY Financial Group, Inc.
Dec 17, 1994 Lockwood National Bank of Houston TX Comerica Bank - Texas
Dec 17, 1994 Amity Federal Bank for Savings IL M & I Bank N.A.
Dec 17, 1994 First Federal Bank for Savings of Northern Kentucky KY The Huntington National Bank of Kentucky
Dec 17, 1994 Shoreline Bank and Trust Company CT First Federal Bank
Dec 17, 1994 Mineral King Bancorp, Inc. CA Vallicorp Holdings, Inc.
Dec 17, 1994 Park Forest National Bank TX Wells Fargo Bank Texas, National Association
Dec 17, 1994 The New Waterford Bank OH Sky Bank
Dec 16, 1994 First Maryland Holding Corporation (LC) MD Allfirst Financial Inc.
Dec 16, 1994 First Regional Investcorp, Inc. CT First International Bancorp, Inc.
Dec 16, 1994 First Maryland Cheque Corporation MD Allfirst Financial Inc.
Dec 14, 1994 Kane County Bancshares, Incorporated IL Old Second Bank-Kane County
Dec 13, 1994 Ihapd Federal Credit Union GA Atlanta Federal Credit Union
Dec 13, 1994 American State Bank IN Indiana Federal Bank for Savings
Dec 13, 1994 First Citizens Bancorp of Indiana IN KeyCorp
Dec 12, 1994 Firstar Bank DuPage IL Firstar Bank Illinois
Dec 12, 1994 (unnamed) — UMB Bank of St. Louis, National Association
Dec 10, 1994 Mercantile Bank of Table Rock Lake MO Mercantile Bank of South Central Missouri
Dec 10, 1994 Metropolitan Bank and Trust Company MA Central Co-operative Bank
Dec 9, 1994 First Republic Federal Savings Bank FSB NC First-Citizens Bank & Trust Company
Dec 9, 1994 Westbanco, Inc. IL Founders Group, Inc.
Dec 9, 1994 Farmers State Bank, Hunter, Kansas KS Community Bank of the Midwest
Dec 9, 1994 First National Bank TX West Side Bank and Trust
Dec 7, 1994 First Federal Savings Bank of Proviso Township IL First Bank, A Federal Savings Bank
Dec 6, 1994 The Buckeye Savings Bank OH R-G Crown Bank
Dec 6, 1994 Michael Bancorporation, Incorporated MN University Financial Corp, GBC dba Sunrise Banks
Dec 5, 1994 Citizens National Bank IA First Citizens Bank
Dec 5, 1994 The First National Bank in Blandinsville IL Union Bank/West
Dec 5, 1994 Osage Farmers National Bank IA First Citizens Bank
Dec 5, 1994 Trust Company of America CO Trust Company of America
Dec 5, 1994 Firstar Bank Portage WI Firstar Bank Wisconsin
Dec 5, 1994 (unnamed) — Union Bank/West
Dec 5, 1994 First National Bank IA First Citizens Bank
Dec 3, 1994 The Central Bank GA First Liberty Bank
Dec 3, 1994 Baker County Bank GA Southwest Georgia Bank
Dec 3, 1994 Bank One, Fresno, National Association CA Valliwide Bank
Dec 3, 1994 Old Stone Bank of California, a Federal Savings Bank CA Alameda First National Bank
Dec 3, 1994 Germantown Savings Bank PA Corestates Bank, National Association
Dec 3, 1994 Western Oregon Community Bank OR Centennial Bank
Dec 3, 1994 CG Bancorp OR Centennial Bancorp
Dec 2, 1994 Evergreen Bank NY Evergreen Bank, National Association
Dec 2, 1994 Creston Federal Credit Union GA Robins Financial Credit Union
Dec 2, 1994 First United Bancorp, Inc. AL Suntrust Banks of Tennessee, Inc.
Dec 2, 1994 Guaranty Bank & Trust Company LA Regions Bank of Louisiana
Dec 2, 1994 First American Bank & Trust of Louisiana LA Regions Bank of Louisiana
Dec 2, 1994 The Keeseville National Bank NY Evergreen Bank, National Association
Dec 1, 1994 Rock Hill National Bank SC NationsBank of South Carolina, National Association
Dec 1, 1994 Poole Deposit Bank KY First Kentucky Bank
Dec 1, 1994 The American State Bank CO Colorado East Bank & Trust

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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