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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 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
May 17, 1994 OCC (individual) Prohibition/Removal Orders: Hudgins, George
May 17, 1994 OCC (individual) Civil Money Penalty (CMP): Hudgins, George
May 17, 1994 OCC The Farmers National Bank of Forney Civil Money Penalty (CMP): Harris, Richard "Don"
May 17, 1994 OCC (individual) Civil Money Penalty (CMP): Freeman, Bill
May 17, 1994 OCC (individual) C&D or PC&D Requiring Restitution: Harris, Don
May 16, 1994 OCC_OTS Local Financial Corporation Orders of Removal/Prohibition: Karen E. Simpson
May 16, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Padgett, James L.
May 16, 1994 FRB (individual) Prohibition from Banking: Bruno Zbinden
May 13, 1994 OCC_OTS Abq Federal Savings Bank Orders of Removal/Prohibition: Christopher E. Hashioka
May 13, 1994 OCC_OTS Abq Federal Savings Bank Orders of Removal/Prohibition: James L. Bosler
May 13, 1994 OCC_OTS First Federal Savings & Loan Association Orders of Removal/Prohibition: Connie Daigle East
May 12, 1994 OCC First National Bank of Steeleville Civil Money Penalty (CMP): Eads, Kerry
May 12, 1994 OCC First National Bank of Steeleville Prohibition/Removal Orders: Eads, Kerry
May 10, 1994 OCC_OTS Torrance Savings and Loan Association Cease and Desist: Torrance Bank, S.S.B.
May 10, 1994 OCC First Premier Bank Civil Money Penalty (CMP): Sanford, T. Denny
May 9, 1994 FRB Pioneer Bancorp Written Agreement: Pioneer Bancorp, Fullerton, CA
May 9, 1994 FRB The Genoa Banking Company Prohibition from Banking: Robert Richmond
May 9, 1994 FRB Trustcorp, Inc. Cease and Desist Order: Edwin M. Bergsmark
May 9, 1994 FRB Trustcorp, Inc. Prohibition from Banking: Edwin M. Bergsmark
May 6, 1994 OCC National Bank of Detroit Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Betanzos, Louis
May 5, 1994 OCC First National Bank Civil Money Penalty (CMP): McCaslin, Henry
May 4, 1994 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Jeana Dickerson
May 4, 1994 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Adrienne Ashley Rodgers
May 4, 1994 OCC_OTS Guaranty Bank Cease and Desist: Jeana Dickerson
May 4, 1994 OCC Central Coast National Bank Formal Agreement: Central Coast National Bank
May 3, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Michael L. Hunt
May 3, 1994 OCC_OTS (individual) Cease and Desist: Michael L. Hunt
May 3, 1994 OCC_OTS Red River Federal Savings and Loan Association, F.A. Orders of Removal/Prohibition: Thomas F. Cassidy
May 3, 1994 OCC_OTS Red River Federal Savings and Loan Association, F.A. Cease and Desist: Thomas F. Cassidy
May 2, 1994 OCC_OTS Advance Bank Orders of Removal/Prohibition: Barbara Kaczmarzewski
May 2, 1994 OCC_OTS First Federal Savings and Loan Association of Kansas City Orders of Removal/Prohibition: Mae K. Taylor
May 2, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Hunt, J. Dann
Apr 28, 1994 OCC First National Bank of Glenwood Civil Money Penalty (CMP): First National Bank Of Glenwood
Apr 27, 1994 OCC Texas National Bank Prohibition/Removal Orders: Lowenfield, Wallace
Apr 27, 1994 OCC Texas National Bank C&D or PC&D Requiring Restitution: Lowenfield, Wallace
Apr 27, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Krug, Norman I.
Apr 26, 1994 FRB Garfield Bank Written Agreement: Garfield Bank, Montebello, CA
Apr 26, 1994 FRB The Genoa Banking Company Prohibition from Banking: Robert F. Bruning
Apr 26, 1994 FRB The Genoa Banking Company Cease and Desist Order: Robert F. Bruning
Apr 26, 1994 FRB Pacific Inland Bank Cease and Desist Order: Pacific Inland Bancorp, Anaheim, CA, Pacific Inland Mortgage Company, San …
Apr 26, 1994 OCC_OTS The Federal Savings Bank of Evangeline Parish Orders of Removal/Prohibition: Douglas C. Fruge
Apr 25, 1994 FRB The Blackshear Bank Prohibition from Banking: Thomas E. Echols, Jr.
Apr 25, 1994 OCC National City Bank of Minneapolis Formal Agreement: National City Bank Of Minneapolis
Apr 25, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Fletcher, Warren D.
Apr 25, 1994 FRB The Blackshear Bank Civil Money Penalty $1,000: Thomas E. Echols, Jr.
Apr 22, 1994 OCC_OTS Local Financial Corporation Orders of Removal/Prohibition: Cathryn C. Pugh
Apr 22, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Bonnie Louise Prescott
Apr 22, 1994 OCC The First National Bank of Englewood Civil Money Penalty (CMP): Chavez, Lloyd G.
Apr 22, 1994 OCC_OTS Magnolia Federal Bank for Savings Orders of Removal/Prohibition: June Louise Bryant
Apr 22, 1994 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Christopher R. Barajas

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