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
Sep 30, 1994	The First National Bank of Alex	OK	Brooks Bank, N.A.
Sep 30, 1994	Green Mountain Bancorporation, Inc.	CO	Colorado National Bankshares, Inc.
Sep 30, 1994	PNC Employees Federal Credit Union	PA	American Heritage Federal Credit Union
Sep 30, 1994	The Employees N.W. Federal Credit Union	WA	Qualstar Credit Union
Sep 30, 1994	West Newton Savings Bank	MA	Fleet National Bank of Massachusetts
Sep 28, 1994	Island Bank of Collier County	FL	SouthTrust Bank of Southwest Florida National Association
Sep 28, 1994	Community Bank of Charlotte	FL	SouthTrust Bank of Southwest Florida National Association
Sep 27, 1994	United National Bancorporation	PA	First Commonwealth Financial Corporation
Sep 26, 1994	The Marian State Bank	PA	Knoblauch State Bank
Sep 26, 1994	The Edwardsville Bank	KS	(unnamed)
Sep 26, 1994	The Wyandotte Bank	KS	(unnamed)
Sep 26, 1994	The Home State Bank	KS	First United National Bank and Trust Company
Sep 26, 1994	The Home State Bank of Kansas City, Kansas	KS	(unnamed)
Sep 26, 1994	The Columbia Bank	WA	Washington Trust Bank
Sep 26, 1994	First American Bancshares, Inc.	KS	Dickinson Financial Corporation
Sep 24, 1994	WestStar Bank	OK	Arvest State Bank
Sep 24, 1994	First Federal Savings and Loan Association of Charlotte	NC	Security Capital Bank
Sep 23, 1994	Citrus National Bank	FL	SouthTrust Bank of Central Florida
Sep 23, 1994	The Peoples Bank	GA	F&M Bank
Sep 20, 1994	Mellon PSFS Acquisition Corporation	PA	Mellon PSFS Bancorporation
Sep 19, 1994	(unnamed)	—	The American National Bank of Texas
Sep 17, 1994	Tri Cities Credit Union	IL	Kane County Teachers Credit Union
Sep 17, 1994	State Home Savings Bank, F.S.B.	OH	KeyBank N.A.
Sep 17, 1994	Eastern Trust Company	NY	TrustCo Bank, National Association
Sep 16, 1994	Bank of Anaheim, National Association	CA	First Security Bank of California, N.A.
Sep 15, 1994	First Jefferson Corporation	MS	Southtrust of Mississippi, Inc.
Sep 15, 1994	Landis Savings Bank, Sla	NJ	Covenant Bank
Sep 14, 1994	Crestmont Federal Savings and Loan Association	NJ	Summit Bank
Sep 14, 1994	Crestmont Financial Corp.	NJ	The Summit Bancorporation
Sep 13, 1994	Lamb's Bancorporation Ltd.	ND	First Holding Company of Park River, Inc
Sep 12, 1994	Mutual Savings Bank of Rockingham County, SSB	NC	Truist Bank
Sep 12, 1994	Citizens Savings Bank, SSB	NC	Truist Bank
Sep 12, 1994	Century Bank	MO	Mark Twain Bank
Sep 10, 1994	First Buffalo Holding Company	AZ	Charter Bancorporation, Inc.
Sep 10, 1994	First National Bank	MN	First National Bank
Sep 10, 1994	American Slovak Building and Loan Association of McKees Rocks, Pennsylvania	PA	SSB Bank
Sep 9, 1994	United Bank of Bismarck	ND	First Bank of North Dakota, N.A.
Sep 9, 1994	First Dakota Financial Corporation	ND	U.S. Bancorp
Sep 3, 1994	Valley Commercial Bank	WA	West One Bank, Washington
Sep 3, 1994	First South Bank of Ben Hill County, N.A.	GA	Bankers First Savings Bank, FSB
Sep 1, 1994	Pennsylvania Food Merchants Credit Union	PA	Members 1st Federal Credit Union
Sep 1, 1994	Community Independent Bancorp, Inc.	KY	Community First Financial, Inc.
Sep 1, 1994	Community Financial Bancorp, Inc.	KY	Community First Financial, Inc.
Sep 1, 1994	FGC Holding Company	KY	Trans Financial, Inc.
Sep 1, 1994	Pioneer Financial Corporation	VA	Signet Banking Corporation
Sep 1, 1994	Blair Cu	WI	Co-Op Credit Union
Sep 1, 1994	Liberty Bancshares, Inc.	MO	CBI Security Corporation
Sep 1, 1994	Anadarko Bancshares, Inc.	OK	Falcon Bancorp, Inc.
Sep 1, 1994	(unnamed)	—	Union Planters Bank of Missouri
Sep 1, 1994	Continental Bank Corporation	IL	Bankamerica Corporation

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