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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
Nov 19, 1994 American National Bank of Libertyville IL American National Bank and Trust Company of Chicago
Nov 18, 1994 Twin City Corporation KS Cbi-Kansas, Inc.
Nov 18, 1994 Firstar Bank Lake Geneva, National Association WI Firstar Bank Milwaukee, National Association
Nov 18, 1994 First Liberty Bank of Calvert City KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 Bank of Murray KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 The Salem Bank KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 The Twin-City State Bank KS (unnamed)
Nov 18, 1994 First National Bank of La Center KY Union Planters Bank of Kentucky, National Association
Nov 16, 1994 Hudson-Thompson Employees Federal Credit Union AL All in Federal Credit Union
Nov 16, 1994 Sandkill Federal Credit Union NY Next Step Federal Credit Union
Nov 16, 1994 United Kansas Bank Group, Inc. KS Mark Twain Bancshares, Inc.
Nov 15, 1994 Summit Savings Bank WA Washington Mutual Bank
Nov 15, 1994 Summit Bancorp, Inc. WA Washington Mutual Bank
Nov 14, 1994 Citizens Bank OK BOKF, N.A.
Nov 14, 1994 Citizens Holding Company OK BOKF Merger Corporation Number Four
Nov 14, 1994 Firstar Bank Park Forest IL Firstar Bank Illinois
Nov 12, 1994 First-Columbus National Bank MS Deposit Guaranty National Bank
Nov 12, 1994 Chicago Northwestern Employees Credit Union IA Iowa Heartland Credit Union
Nov 11, 1994 First State Bank of Gurnee IL First of America Bank-Illinois, National Association
Nov 11, 1994 First of America Acquisition Company IL First of America Bank Corporation
Nov 11, 1994 National Security Bank Holding Company OR West One Bancorp
Nov 11, 1994 Albertsons Southern California Federal Credit Union CA Trugrocer Federal Credit Union
Nov 11, 1994 Bank of Buffalo Grove IL First of America Bank-Illinois, National Association
Nov 11, 1994 First State Bank & Trust Company of Park Ridge IL First of America Bank-Illinois, National Association
Nov 11, 1994 National Security Bank OR West One Bank, Oregon
Nov 11, 1994 Saugus Bank and Trust Company MA Eastern Bank
Nov 11, 1994 National Bank of Glenrock WY Hilltop National Bank
Nov 10, 1994 The First National Bank of Sterling KS First Bank
Nov 10, 1994 Quivira Banc Shares, Inc. KS First Bank
Nov 10, 1994 T-W Credit Union MO Metropolitan Federal Credit Union
Nov 9, 1994 RHNB Corporation SC NB Holdings Corporation
Nov 8, 1994 New Meriden Trust and Safe Deposit Company, National Association CT Peoples Savings Bank & Trust
Nov 8, 1994 Lindale Bancshares, Inc. TX Lindale Delaware Corporation
Nov 7, 1994 Firstar Bank North Shore IL Firstar Bank Illinois
Nov 7, 1994 Farmers National Bank IA Iowa Savings Bank
Nov 4, 1994 Republic Savings Bank, FSB KY Republic Bank & Trust Company
Nov 4, 1994 Republic Bank of Shelby County KY Republic Bank & Trust Company
Nov 4, 1994 Codding Bank CA National Bank of the Redwoods
Nov 3, 1994 Riverdale Bank IL Heritage Community Bank
Nov 2, 1994 The First National Bank in Stamford TX State National Bank of West Texas
Nov 2, 1994 The Winters State Bank TX State National Bank of West Texas
Nov 1, 1994 M-H Hospital Federal Credit Union TN Ten Credit Union
Nov 1, 1994 Integrity Savings Association PA St. Edmond's Federal Savings Bank
Nov 1, 1994 Citizens State Bank of Nevada, Missouri MO (unnamed)
Nov 1, 1994 First Western Bank, a Federal Savings Bank NV Wells Fargo Bank Nevada, National Association
Nov 1, 1994 Pasadena Omc Federal Credit Union TX Texas Bay Credit Union
Nov 1, 1994 UMB Columbine National Bank CO UMB Bank Colorado, National Association
Nov 1, 1994 Baldwinville Co-operative Bank MA Colonial Co-operative Bank
Nov 1, 1994 White Consolidated Industries Federal Credit Union OH Genfed Financial Credit Union, Inc.
Nov 1, 1994 Salin Bank IN Salin Bank and Trust Company

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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