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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
Sep 1, 1994 BNR Bancshares, Inc. LA Regions Financial Corporation
Sep 1, 1994 Coca-Cola Employees Credit Union KY Beacon Community Credit Union
Sep 1, 1994 First State Bank and Trust Company TX International Bank of Commerce
Sep 1, 1994 Pioneer Federal Savings Bank VA Signet Bank
Sep 1, 1994 First Citizens Bank TN Union Planters Bank of Middle Tennessee, National Association
Sep 1, 1994 Commercial Bank of Liberty, N. A. MO Commerce Bank
Sep 1, 1994 Associated Bank Marshfield, National Association WI Associated Bank North
Sep 1, 1994 Bank of Powell AL Horizon Bank
Sep 1, 1994 Steiner Bank AL Highland Bank
Sep 1, 1994 Co-Op Employees Credit Union IA N.W. Iowa Credit Union
Sep 1, 1994 The Bank of Iredell NC United Carolina Bank
Sep 1, 1994 Valley Bank, South Central (National Association) WI M&I Bank South Central
Sep 1, 1994 M&I New Holstein Bank WI M&I Bank Fox Valley
Sep 1, 1994 Home Federal Bank, Savings Bank NV Wells Fargo Bank Nevada, National Association
Sep 1, 1994 Kenosha News Credit Union WI Southern Lakes Credit Union
Sep 1, 1994 Valley Bank Western, FSB WI M&I Mid-State Bank
Sep 1, 1994 M&I Fox Heights Bank WI M&I Bank Northeast
Sep 1, 1994 M&I Bank of Onalaska WI M&I Bank of La Crosse
Sep 1, 1994 Wilmington 451 Federal Credit Union DE Delaware First Federal Credit Union
Sep 1, 1994 Grant Federal Savings Bank AR Citizens First Bank
Sep 1, 1994 F & M Bank-Pulaski WI F & M Bank-Wisconsin
Sep 1, 1994 M&I Bank of Dodgeville WI M&I Bank Southwest
Aug 31, 1994 First Bank and Trust Company of Oakland City IN The Citizens National Bank of Evansville
Aug 31, 1994 Oakland City Bancshares Corp. IN Citizens Bancshares, Inc.
Aug 31, 1994 720 Federal Credit Union NJ K&E Employees Federal Credit Union
Aug 29, 1994 1st Oak Brook Bank IL Oak Brook Bank
Aug 27, 1994 Detroit Savings Bank, Federal Savings Bank MI Standard Federal Bank
Aug 27, 1994 The Cumberland Federal Bancorporation, Inc. KY Fifth Third Bancorp
Aug 27, 1994 Continental Bank PA (unnamed)
Aug 26, 1994 Norwest Bank Wisconsin Waupun, National Association WI Wells Fargo Bank Wisconsin, National Association
Aug 26, 1994 Central State Bank NC First Bank
Aug 26, 1994 Red River Valley Bank LA Bank One, Louisiana, National Association
Aug 25, 1994 Bostwick Banking Company GA First State Bank of Blakely
Aug 23, 1994 Star Valley State Bank WY First Security Bank of Wyoming
Aug 22, 1994 American Chartered Bank of Bartlett IL American Chartered Bank
Aug 22, 1994 Citizens Savings Bank, SSB, Inc. NC Truist Bank
Aug 22, 1994 Thornridge State Bank IL Manufacturers Bank
Aug 22, 1994 Farmers State Bank of Delavan MN The First National Bank of Elmore
Aug 22, 1994 Tinley Park Bank IL Manufacturers Bank
Aug 22, 1994 American Chartered Bank of Lake Zurich IL American Chartered Bank
Aug 20, 1994 First Inter-Bancorp, Inc. NY First Fidelity Bancorporation
Aug 20, 1994 Mid-Hudson Savings Bank FSB NY First Fidelity Bank, National Association
Aug 20, 1994 Bank of Fordsville KY Commonwealth Community Bank, Inc.
Aug 20, 1994 Huntington Bank Charleston N.A. WV Huntington National Bank West Virginia
Aug 20, 1994 Pioneer Financial, A Cooperative Bank MA Fleet National Bank
Aug 19, 1994 T U F Federal Credit Union IL North Side Community Federal Credit Union
Aug 19, 1994 Midlantic Banks Inc. NJ Midlantic Corporation
Aug 19, 1994 Bank of Loudoun VA Jefferson National Bank
Aug 18, 1994 First Cook Community Bank, F.S.B. IL Republic Bank of Chicago
Aug 17, 1994 United Postal Savings Association MO Firstar Bank Missouri, National Association

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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