Skip to main content

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

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

Browse adjacent years: 1993 · 1995

Or jump to a category: Failures · Mergers · Enforcement · Assistance