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 |
|---|---|---|
| Oct 1, 1994 | Tri-County State Bank of Ortonville | CenBank |
| Oct 1, 1994 | The First National Bank of Hooper | First Northeast Bank of Nebraska |
| Oct 1, 1994 | The Bank of Walnut | The Peoples Bank |
| Oct 1, 1994 | Central Pennsylvania Savings Association, F.A. | Great Valley Savings Bank |
| Oct 1, 1994 | Gentro Federal Credit Union | Complex Community Federal Credit Union |
| Oct 1, 1994 | Bank One, West Virginia, Beckley, National Association | Bank One, West Virginia, National Association |
| Oct 1, 1994 | Ufcw Mid-Atlantic Federal Credit Union | Afl-Cio Employees Federal Credit Union |
| Oct 1, 1994 | Sonoma-Marin Credit Union | Patelco Credit Union |
| Oct 1, 1994 | Topflight Federal Credit Union | Pace Resources Federal Credit Union |
| Oct 1, 1994 | Bank One, West Virginia, Lincoln, National Association | Bank One, West Virginia, National Association |
| Oct 1, 1994 | Cabot Credit Union | North Country Federal Credit Union |
| Oct 1, 1994 | Corhart Employees Credit Union | L&N Federal Credit Union |
| Oct 1, 1994 | Bank of Sardis | First Security Bank |
| Oct 1, 1994 | Bank One, West Virginia, Boone, National Association | Bank One, West Virginia, National Association |
| Oct 1, 1994 | Hopaco Employees Federal Credit Union | Prince Kuhio Federal Credit Union |
| Oct 1, 1994 | Farmco Employees Credit Union | Four Points Federal Credit Union |
| Oct 1, 1994 | Bank One, West Virginia, Logan, National Association | Bank One, West Virginia, National Association |
| Oct 1, 1994 | Citizens State Bank | Citizens Bank of Kansas |
| Oct 1, 1994 | Treasure Credit Union | Franklin First Federal Credit Union |
| Oct 1, 1994 | Kai-Perm Hawaii Federal Credit Union | Prince Kuhio Federal Credit Union |
| Oct 1, 1994 | Engineers Credit Union | Delta Federal Credit Union |
| Oct 1, 1994 | Muse Federal Credit Union | Prince Kuhio Federal Credit Union |
| Oct 1, 1994 | (unnamed) | Citizens Bank of Kentucky |
| Oct 1, 1994 | Bekins Employees Federal Credit Union | Logix Federal Credit Union |
| Oct 1, 1994 | Biltmore Farms Credit Union | Champion Credit Union |
| Oct 1, 1994 | Lincoln Bank South | National Bank of Commerce Trust and Savings Association |
| Oct 1, 1994 | Meramec State Bank | Sullivan Bank |
| Oct 1, 1994 | Bank One, West Virginia, Wayne County, Inc. | Bank One, West Virginia, National Association |
| Oct 1, 1994 | Brownfield State Bank | American State Bank |
| Oct 1, 1994 | Timken Community Credit Union | Heartland Credit Union |
| Oct 1, 1994 | First Savings Bank, F.S.B. | Allied Bank of Georgia |
| Oct 1, 1994 | Community First Bank of May's Lick | Community First Bank |
| Oct 1, 1994 | First Federal Savings & Loan Association of Hastings | Midcountry Bank |
| Oct 1, 1994 | The Turon State Bank | Citizens Bank of Kansas |
| Oct 1, 1994 | Laddonia State Bank | Central Bank of Audrain County |
| Oct 1, 1994 | Bank One, West Virginia, Charles Town | Bank One, West Virginia, National Association |
| Oct 1, 1994 | The Moniteau National Bank of California | Commerce Bank, National Association |
| Oct 1, 1994 | HTH Federal Credit Union | Prince Kuhio Federal Credit Union |
| Oct 1, 1994 | First Federal Savings Bank of Kentucky | Citizens Bank of Kentucky |
| Oct 1, 1994 | Bank One, West Virginia, St. Albans, National Association | Bank One, West Virginia, National Association |
| Sep 30, 1994 | First Alex Bancshares, Inc. | First Independent Bancorp, Inc. |
| Sep 30, 1994 | O.C.B. Bancorp | Old National Bancorp |
| Sep 30, 1994 | Fishkill National Corporation | Premier National Bancorp, Inc. |
| Sep 30, 1994 | Inter-City Products Employees Credit Union | Heritage South Community Credit Union |
| Sep 30, 1994 | Osceola National Bank | Colonial Bank |
| Sep 30, 1994 | Saint James Ame Cleveland Federal Credit Union | Cory Methodist Church Credit Union, Inc. |
| Sep 30, 1994 | The First National Bank of Rhinebeck | Premier National Bank |
| Sep 30, 1994 | Midwest Bank of Oquawka | Midwest Bank |
| Sep 30, 1994 | Cohasset Savings Bank | Fleet National Bank of Massachusetts |
| Sep 30, 1994 | Big Three/Bowen Credit Union | Safeamerica Credit Union |
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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