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 | Assets |
|---|---|---|
| Dec 16, 1994 | Cornerstone Bank FSB | $44.3M |
| Oct 21, 1994 | Ludlow Savings Bank | $222.7M |
| Aug 26, 1994 | Capital Bank | $76.9M |
| Aug 12, 1994 | Bank of Newport | $167.8M |
| Jul 29, 1994 | Commerce Bank | $142.3M |
| Jul 29, 1994 | Western Community Bank | $54.0M |
| Jul 15, 1994 | Bank of San Pedro | $132.6M |
| Jul 8, 1994 | Pioneer Bank | $133.2M |
| Jul 7, 1994 | The Meriden Trust and Safe Deposit | $3.2M |
| Jun 10, 1994 | The Bank of Hartford | $321.5M |
| Jun 3, 1994 | Encino Savings Bank, FSB | $92.5M |
| May 19, 1994 | Barbary Coast National Bank | $10.7M |
| May 6, 1994 | Commercial Bank and Trust Company | $30.3M |
| Apr 14, 1994 | Superior National Bank | $20.0M |
| Apr 1, 1994 | Mechanics National Bank | $148.7M |
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 | Acquirer |
|---|---|---|
| Sep 1, 1994 | BNR Bancshares, Inc. | Regions Financial Corporation |
| Sep 1, 1994 | Coca-Cola Employees Credit Union | Beacon Community Credit Union |
| Sep 1, 1994 | First State Bank and Trust Company | International Bank of Commerce |
| Sep 1, 1994 | Pioneer Federal Savings Bank | Signet Bank |
| Sep 1, 1994 | First Citizens Bank | Union Planters Bank of Middle Tennessee, National Association |
| Sep 1, 1994 | Commercial Bank of Liberty, N. A. | Commerce Bank |
| Sep 1, 1994 | Associated Bank Marshfield, National Association | Associated Bank North |
| Sep 1, 1994 | Bank of Powell | Horizon Bank |
| Sep 1, 1994 | Steiner Bank | Highland Bank |
| Sep 1, 1994 | Co-Op Employees Credit Union | N.W. Iowa Credit Union |
| Sep 1, 1994 | The Bank of Iredell | United Carolina Bank |
| Sep 1, 1994 | Valley Bank, South Central (National Association) | M&I Bank South Central |
| Sep 1, 1994 | M&I New Holstein Bank | M&I Bank Fox Valley |
| Sep 1, 1994 | Home Federal Bank, Savings Bank | Wells Fargo Bank Nevada, National Association |
| Sep 1, 1994 | Kenosha News Credit Union | Southern Lakes Credit Union |
| Sep 1, 1994 | Valley Bank Western, FSB | M&I Mid-State Bank |
| Sep 1, 1994 | M&I Fox Heights Bank | M&I Bank Northeast |
| Sep 1, 1994 | M&I Bank of Onalaska | M&I Bank of La Crosse |
| Sep 1, 1994 | Wilmington 451 Federal Credit Union | Delaware First Federal Credit Union |
| Sep 1, 1994 | Grant Federal Savings Bank | Citizens First Bank |
| Sep 1, 1994 | F & M Bank-Pulaski | F & M Bank-Wisconsin |
| Sep 1, 1994 | M&I Bank of Dodgeville | M&I Bank Southwest |
| Aug 31, 1994 | First Bank and Trust Company of Oakland City | The Citizens National Bank of Evansville |
| Aug 31, 1994 | Oakland City Bancshares Corp. | Citizens Bancshares, Inc. |
| Aug 31, 1994 | 720 Federal Credit Union | K&E Employees Federal Credit Union |
| Aug 29, 1994 | 1st Oak Brook Bank | Oak Brook Bank |
| Aug 27, 1994 | Detroit Savings Bank, Federal Savings Bank | Standard Federal Bank |
| Aug 27, 1994 | The Cumberland Federal Bancorporation, Inc. | Fifth Third Bancorp |
| Aug 27, 1994 | Continental Bank | (unnamed) |
| Aug 26, 1994 | Norwest Bank Wisconsin Waupun, National Association | Wells Fargo Bank Wisconsin, National Association |
| Aug 26, 1994 | Central State Bank | First Bank |
| Aug 26, 1994 | Red River Valley Bank | Bank One, Louisiana, National Association |
| Aug 25, 1994 | Bostwick Banking Company | First State Bank of Blakely |
| Aug 23, 1994 | Star Valley State Bank | First Security Bank of Wyoming |
| Aug 22, 1994 | American Chartered Bank of Bartlett | American Chartered Bank |
| Aug 22, 1994 | Citizens Savings Bank, SSB, Inc. | Truist Bank |
| Aug 22, 1994 | Thornridge State Bank | Manufacturers Bank |
| Aug 22, 1994 | Farmers State Bank of Delavan | The First National Bank of Elmore |
| Aug 22, 1994 | Tinley Park Bank | Manufacturers Bank |
| Aug 22, 1994 | American Chartered Bank of Lake Zurich | American Chartered Bank |
| Aug 20, 1994 | First Inter-Bancorp, Inc. | First Fidelity Bancorporation |
| Aug 20, 1994 | Mid-Hudson Savings Bank FSB | First Fidelity Bank, National Association |
| Aug 20, 1994 | Bank of Fordsville | Commonwealth Community Bank, Inc. |
| Aug 20, 1994 | Huntington Bank Charleston N.A. | Huntington National Bank West Virginia |
| Aug 20, 1994 | Pioneer Financial, A Cooperative Bank | Fleet National Bank |
| Aug 19, 1994 | T U F Federal Credit Union | North Side Community Federal Credit Union |
| Aug 19, 1994 | Midlantic Banks Inc. | Midlantic Corporation |
| Aug 19, 1994 | Bank of Loudoun | Jefferson National Bank |
| Aug 18, 1994 | First Cook Community Bank, F.S.B. | Republic Bank of Chicago |
| Aug 17, 1994 | United Postal Savings Association | 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 |
|---|---|---|---|
| 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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