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 12, 1994 Towner Bancorporation, Ltd. ND Western State Agency, Inc.
Oct 12, 1994 Drake-Lyman Bancshares, Inc. WY United Bancorporation of Wyoming, Inc.
Oct 8, 1994 First National Bank of Vicksburg MS Trustmark Bank
Oct 8, 1994 Huntington Bank Martinsburg National Association WV Huntington National Bank West Virginia
Oct 8, 1994 Northwest Bank of Enid OK BOKF, N.A.
Oct 8, 1994 First National Financial Corporation MS Trustmark Corporation
Oct 8, 1994 Green Mountain Bank CO Colorado National Bank
Oct 7, 1994 First Southern Missouri Bancshares, Inc. MO Midwest Bancshares, Inc.
Oct 7, 1994 Westcal National Bank CA Greater Bay Bank, National Association
Oct 6, 1994 Allstates Federal Credit Union PA American Heritage Federal Credit Union
Oct 6, 1994 Peoples Bancorp of Green County, Inc. KY Greensburg Bancorp, Inc
Oct 6, 1994 Southeast Mississippi Bank MS BankPlus
Oct 5, 1994 Downstate National Bank IL First Mid Bank & Trust, N.A.
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Farley Bancshares, Inc. MO KLT Bancshares, Inc.
Oct 3, 1994 United New Mexico Bank at Roswell NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 (unnamed) — Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Leelanau Catholic Credit Union MI Traverse Catholic Federal Credit Union
Oct 3, 1994 United New Mexico Bank at Alamogordo NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Mimbres Valley NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Vaughn NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Trust Company NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Lea County NM Wells Fargo Bank New Mexico, National Association
Oct 2, 1994 Desoto Bancshares, Inc. IL Southern Bancshares, Ltd.
Oct 2, 1994 Bank of De Soto IL First National Bank and Trust Company, Carbondale, Illinois
Oct 2, 1994 Abc Safety Deposit Co. IL ABC Bank
Oct 1, 1994 Jefferson Bancshares, Incorporated GA Allied Bankshares, Inc.
Oct 1, 1994 First Community Bancshares, Inc. GA Regions Financial Corporation
Oct 1, 1994 Citizens First Bancorp, Inc. NJ Natwest Holdings Inc.
Oct 1, 1994 Bank of Jefferson County GA Allied Bank of Georgia
Oct 1, 1994 Citizens Bank & Trust GA Allied Bank of Georgia
Oct 1, 1994 Citizens First National Bank of New Jersey NJ National Westminster Bank USA
Oct 1, 1994 Bank One, West Virginia, Philippi, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Clarksburg, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank of Reynolds IN Lafayette Bank and Trust Company, National Association
Oct 1, 1994 Business Bancorp CA SJNB Financial Corp.
Oct 1, 1994 California Business Bank, National Association CA San Jose National Bank
Oct 1, 1994 Bank One, West Virginia, Williamson, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Nicholas County, Inc. WV Bank One, West Virginia, National Association
Oct 1, 1994 Methodist Hospital Federal Credit Union TX Primeway Federal Credit Union
Oct 1, 1994 Jersey Shore Federal Credit Union NJ Jersey Shore Federal Credit Union
Oct 1, 1994 S L C Federal Credit Union TX Resource One Credit Union
Oct 1, 1994 PVC Employees Federal Credit Union PA Cross Valley Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Buckhannon, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Charleston, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 First Financial-Port Savings Bank, FSB WI First Financial Bank
Oct 1, 1994 Citizens Bank of Kentucky, National Association KY Citizens Bank of Kentucky

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

Browse adjacent years: 1993 · 1995

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