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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
Dec 31, 1994 Clairton, Pennsylvania Employees Federal Credit Union PA United Community Federal Credit Union
Dec 31, 1994 First of America Bank-Illinois, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First Fidelity Bank, FSB MD First Fidelity Bank, National Association, New Jersey
Dec 31, 1994 Pioneer Bank & Trust Company LA Capital One, N.A.
Dec 31, 1994 First of America Bank - Springfield, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Central MI National City Bank of the Midwest
Dec 31, 1994 Grayson County State Bank TX American Bank of Texas
Dec 31, 1994 Boca Bank FL Intercontinental Bank, National Association
Dec 31, 1994 The Bank of Greeley CO KeyBank National Association
Dec 31, 1994 Octane Credit Union MA Touchstone Federal Credit Union
Dec 31, 1994 First of America Bank-Quad Cities, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Ann Arbor MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank-Southeast Michigan, National Association MI National City Bank of the Midwest
Dec 31, 1994 American National Bank of Pottsboro TX American Bank of Texas
Dec 31, 1994 J C Typographical Local No 94 Federal Credit Union NJ W.K. Federal Credit Union
Dec 31, 1994 One Valley Services, Inc. WV One Valley Bank, National Association
Dec 31, 1994 Grenada Sunburst System Corporation MS Union Planters Corporation
Dec 31, 1994 First of America Bank-Metro Southwest, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 Central Building Corporation OK Bank One, Oklahoma City
Dec 31, 1994 Pioneer Bancshares Corporation LA Hibernia Corporation
Dec 31, 1994 First of America Bank-Champion, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First of America Bank-Decatur, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 Intermountain Investors, Inc. MT Bank of Montana System
Dec 31, 1994 First of America-North Central Illinois, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First Federal Savings Bank WV (unnamed)
Dec 31, 1994 H & S Credit Union IL Taylorville Community Credit Union
Dec 31, 1994 First of America Bank-Champaign, National Association IL First of America Bank-Illinois, National Association
Dec 31, 1994 First State Bank and Trust Company LA Capital One, N.A.
Dec 31, 1994 Montana Agencies MT Bank of Montana System
Dec 31, 1994 Compass Bank FL Compass Bank
Dec 31, 1994 The Leonard National Bank TX American Bank of Texas
Dec 31, 1994 Central Fidelity Mortgage Corporation VA Central Fidelity National Bank
Dec 31, 1994 First of America Bank - Mid Michigan, National Association MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank - Northern Michigan MI National City Bank of the Midwest
Dec 31, 1994 First of America Bank-Upper Peninsula, National Association MI National City Bank of the Midwest
Dec 30, 1994 Columbian Newspaper Federal Credit Union WA Columbia Community Credit Union
Dec 30, 1994 Robideaux Properties, Inc. UT West One Bancorp
Dec 30, 1994 The Bank of Kincaid KS Citizens Bank, National Association
Dec 30, 1994 Jamestown Metal Employees Credit Union NY Greater Woodlawn Federal Credit Union
Dec 29, 1994 Martha's Vineyard National Bank MA Compass Bank for Savings
Dec 29, 1994 Grand Prairie Bancshares, Inc. AR Citizens Bank & Trust
Dec 29, 1994 Junction City Holding Company AR (unnamed)
Dec 29, 1994 Farmers National Bancorp MD First Virginia Banks, Inc.
Dec 29, 1994 Saint Charles Federal Bancshares, Inc. MO FB Corporation
Dec 28, 1994 Bourbonnais Bancorp, Inc. IL Bank of Bourbonnais
Dec 23, 1994 Chapman Bancshares, Inc. KS First Kansas Holding Company
Dec 23, 1994 Security First Bank PA Jefferson Bank
Dec 23, 1994 Community Banks of Kansas, Inc. KS First Kansas Holding Company
Dec 21, 1994 Usda of North East Employees Federal Credit Union MA Hanscom Federal Credit Union
Dec 19, 1994 Banc One Investor Services Corporation OH Bank One Corporation

The list holds 500 of the 1,234 mergers recorded for 1994.

Enforcement Actions in 1994

Action date Agency Institution Action
Apr 21, 1994 OCC The Davis National Bank of Mullins Formal Agreement: The Davis National Bank Of Mullins
Apr 19, 1994 FRB Dyer F & M Bancshares, Inc. Cease and Desist Order: Albert D. Noe
Apr 19, 1994 FRB Dyer F & M Bancshares, Inc. Prohibition from Banking: Michael D. Johnson
Apr 19, 1994 FRB Dyer F & M Bancshares, Inc. Prohibition from Banking: Albert D. Noe
Apr 19, 1994 FRB Dyer F & M Bancshares, Inc. Cease and Desist Order: Michael D. Johnson
Apr 18, 1994 OCC (individual) Prohibition/Removal Orders: Wallrath, Dan
Apr 18, 1994 OCC (individual) Civil Money Penalty (CMP): Wallrath, Dan
Apr 11, 1994 OCC American Commerce National Bank Civil Money Penalty (CMP): Mandel, Judy
Apr 11, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Van Valer, Richard C.
Apr 11, 1994 OCC American Commerce National Bank Prohibition/Removal Orders: Alterman, Eugene
Apr 11, 1994 OCC American Commerce National Bank Civil Money Penalty (CMP): Alterman, Eugene
Apr 11, 1994 FRB (individual) Written Agreement: West Coast Bancorp, Newport Beach, CA
Apr 11, 1994 OCC The Citizens National Bank of Hammond Civil Money Penalty (CMP): Gibson, Dean C.
Apr 11, 1994 OCC The Citizens National Bank of Hammond Civil Money Penalty (CMP): Tunison, Beverly H.
Apr 8, 1994 OCC_OTS Wayne Savings Bancshares, Inc. Termination of Supervisory Agreement: Wayne Savings Community Bank
Apr 8, 1994 OCC U.S. National Bank of Clayton Civil Money Penalty (CMP): Mills, O. Bruce
Apr 8, 1994 OCC_OTS Charter One Financial, Inc. Orders of Removal/Prohibition: Ardena Rasha Hopings
Apr 7, 1994 OCC_OTS Standard Federal Bank for Savings Orders of Removal/Prohibition: Carol H. Hladky
Apr 7, 1994 OCC_OTS Avondale Financial Services, Inc. Orders of Removal/Prohibition: Patricia Helguera
Apr 6, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Laura A. Sanchez
Apr 5, 1994 OCC_OTS Amador Valley Savings and Loan Association Orders of Removal/Prohibition: Eugene J. Van Laanen
Apr 5, 1994 OCC_OTS Amador Valley Savings and Loan Association Cease and Desist: Eugene J. Laanen
Apr 4, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Pickens, Joe H.
Apr 4, 1994 OCC_OTS Homebanc, A Federal Savings Bank Orders of Removal/Prohibition: Debby S. Earls
Apr 4, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Peacock, Edward A.
Apr 4, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Lesowitz, Edward
Apr 4, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Causey, Paul D.
Apr 4, 1994 OCC Citizens First Trust Company, LLC Civil Money Penalty (CMP): Browning, J. Pierce
Apr 1, 1994 OCC Sequoia National Bank Civil Money Penalty (CMP): Puccinelli, Charles
Mar 31, 1994 OCC_OTS First Mutual Corporation Orders of Removal/Prohibition: Donna R. Glenn
Mar 31, 1994 OCC_OTS St Paul Federal Bank for Savings Orders of Removal/Prohibition: Dawn Huber
Mar 31, 1994 OCC_OTS Home Federal Savings and Loan Association Orders of Removal/Prohibition: Krista L. Heun
Mar 31, 1994 OCC_OTS Lasalle Financial Services, Inc. Orders of Removal/Prohibition: Josephine Manzella
Mar 30, 1994 OCC Texas Heritage National Bank Civil Money Penalty (CMP): Turner, Thomas
Mar 30, 1994 OCC Texas Heritage National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Turner, Thomas
Mar 30, 1994 OCC Texas Heritage National Bank Civil Money Penalty (CMP): Scaff, James
Mar 29, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Ritt, John A.
Mar 22, 1994 OCC_OTS Westco Savings Bank, FSB Cease and Desist: Michael H. Wallace
Mar 21, 1994 OCC_OTS (individual) Termination of Cease and Desist: Gerald J. Ford
Mar 19, 1994 OCC The First National Bank of White Sulphur Springs Civil Money Penalty (CMP): Doig, Gordon H.
Mar 17, 1994 OCC_OTS Gateway Federal Savings Bank Cease and Desist: Richard A. Harper
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Carl A. Schwede
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Pete G. Bustos
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: R.H. Stephens
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Ralph E. Bustos
Mar 17, 1994 OCC The First National Bank of White Sulphur Springs Civil Money Penalty (CMP): Grove, Michael E.
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Cease and Desist: Carl A. Schwede
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Cease and Desist: Pete G. Bustos
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Cease and Desist: R. H. Stephens
Mar 17, 1994 OCC_OTS First Federal Savings and Loan Association Cease and Desist: Ralph E. Bustos

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