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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
Jun 17, 1994 OCC Hilton Head Bank & Trust Company, N.A. Prohibition/Removal Orders: Ruhf, Thomas J.
Jun 16, 1994 OCC First National Bank of Malden Civil Money Penalty (CMP): Magee, James L.
Jun 16, 1994 OCC First National Bank of Malden C&D or PC&D Requiring Restitution: Magee, James L.
Jun 16, 1994 OCC Sequoia National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Krug, Norman I.
Jun 15, 1994 OCC Bank of America NW, National Association Civil Money Penalty (CMP): Bank Of America Nw, National Association
Jun 15, 1994 OCC Seattle-First National Bank Securities Enforcement Action: Seattle-First National Bank
Jun 9, 1994 OCC_OTS Collective Financial Services, Inc. Orders of Removal/Prohibition: Victoria L. Sharp
Jun 8, 1994 OCC_OTS Bancplus Savings Association Orders of Removal/Prohibition: Kenneth Lee Schnitzer
Jun 8, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Bolles, Peter P.
Jun 8, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Henning, John F.
Jun 7, 1994 OCC_OTS Amador Valley Savings and Loan Association Civil Money Penalty: Donald Perry
Jun 7, 1994 OCC_OTS Amador Valley Savings and Loan Association Civil Money Penalty: Sharon Thiele-Driver
Jun 7, 1994 OCC_OTS Amador Valley Savings and Loan Association Civil Money Penalty: Jo Betty Allen
Jun 7, 1994 OCC_OTS (individual) Civil Money Penalty: Chris Bertalis
Jun 7, 1994 OCC_OTS Amador Valley Savings and Loan Association Civil Money Penalty: WilliamA. Hirst
Jun 3, 1994 OCC_OTS Lasalle Financial Services, Inc. Orders of Removal/Prohibition: Crystal Goodman
Jun 3, 1994 FRB (individual) Prompt Corrective Action: Pioneer Bank, Fullerton, CA
Jun 2, 1994 OCC_OTS Citizens Federal Savings and Loan Association Cease and Desist: James M. Henderson
Jun 2, 1994 OCC Texas Heritage National Bank Civil Money Penalty (CMP): Kozsuch, Andy
Jun 1, 1994 OCC_OTS United Savings Association of Texas Cease and Desist: Joann Mitchell
Jun 1, 1994 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Joann Mitchell
May 31, 1994 OCC The First National Bank of Pandora Prohibition/Removal Orders: Geiger, Grover J.
May 31, 1994 OCC National City Bank of Minneapolis Civil Money Penalty (CMP): Meadley, Walter E.
May 31, 1994 OCC The First National Bank of Pandora Civil Money Penalty (CMP): Geiger, Grover J.
May 31, 1994 OCC National City Bank of Minneapolis Civil Money Penalty (CMP): National City Bank Of Minneapolis
May 27, 1994 OCC First American Capital Bank, N.A. Prohibition/Removal Orders: George, Ernest L.
May 27, 1994 OCC First National Bank of Lewis County Civil Money Penalty (CMP): First National Bank Of Lewis County
May 26, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Niedermeyer, Thomas J.
May 26, 1994 OCC_OTS Northfield Bank Orders of Removal/Prohibition: Christine M. Palazzola
May 26, 1994 OCC_OTS Collective Financial Services, Inc. Orders of Removal/Prohibition: Amy Manning
May 26, 1994 FRB Arvada Bank Holding Company Prohibition from Banking: Gene Osborne
May 26, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Glover, Kent D.
May 24, 1994 OCC_OTS Collective Financial Services, Inc. Orders of Removal/Prohibition: Karen C. Parisio
May 23, 1994 OCC First National Bank in Las Vegas Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank In Las Vegas
May 23, 1994 OCC_OTS Guaranty Bank Cease and Desist: Beverly J. Cashen
May 23, 1994 FRB (individual) Civil Money Penalty $5,000: Scott A. Noyes
May 23, 1994 FRB (individual) Civil Money Penalty $7,500: Peoples Bancshares, Inc., Westville, OK
May 23, 1994 FRB (individual) Cease and Desist Order: Scott A. Noyes
May 23, 1994 OCC_OTS Franklin Federal Bancorp, A Federal Savings Bank Cease and Desist: Selina Mirza
May 23, 1994 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Beverly J. Cashen
May 23, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Bridget D. L. Parker
May 23, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Selina Mirza
May 17, 1994 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Valerie Chavers
May 17, 1994 OCC_OTS General Federal Savings Bank Cease and Desist: Pedro R. Lopez
May 17, 1994 OCC_OTS General Federal Savings Bank Cease and Desist: Teresa Saldise
May 17, 1994 OCC_OTS Guaranty Bank Cease and Desist: Valerie Chavers
May 17, 1994 OCC_OTS General Federal Savings Bank Civil Money Penalty: Pedro R. Lopez
May 17, 1994 OCC_OTS General Federal Savings Bank Civil Money Penalty: Teresa Saldise
May 17, 1994 OCC_OTS General Federal Savings Bank Orders of Removal/Prohibition: Pedro Ramon Lopez
May 17, 1994 OCC_OTS General Federal Savings Bank Orders of Removal/Prohibition: Teresa Saldise

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