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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
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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