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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 17, 1994 FirstBank of South Boulder, National Association CO FirstBank of Boulder
Dec 17, 1994 Unity Bancorp, Inc. OH SKY Financial Group, Inc.
Dec 17, 1994 Lockwood National Bank of Houston TX Comerica Bank - Texas
Dec 17, 1994 Amity Federal Bank for Savings IL M & I Bank N.A.
Dec 17, 1994 First Federal Bank for Savings of Northern Kentucky KY The Huntington National Bank of Kentucky
Dec 17, 1994 Shoreline Bank and Trust Company CT First Federal Bank
Dec 17, 1994 Mineral King Bancorp, Inc. CA Vallicorp Holdings, Inc.
Dec 17, 1994 Park Forest National Bank TX Wells Fargo Bank Texas, National Association
Dec 17, 1994 The New Waterford Bank OH Sky Bank
Dec 16, 1994 First Maryland Holding Corporation (LC) MD Allfirst Financial Inc.
Dec 16, 1994 First Regional Investcorp, Inc. CT First International Bancorp, Inc.
Dec 16, 1994 First Maryland Cheque Corporation MD Allfirst Financial Inc.
Dec 14, 1994 Kane County Bancshares, Incorporated IL Old Second Bank-Kane County
Dec 13, 1994 Ihapd Federal Credit Union GA Atlanta Federal Credit Union
Dec 13, 1994 American State Bank IN Indiana Federal Bank for Savings
Dec 13, 1994 First Citizens Bancorp of Indiana IN KeyCorp
Dec 12, 1994 Firstar Bank DuPage IL Firstar Bank Illinois
Dec 12, 1994 (unnamed) — UMB Bank of St. Louis, National Association
Dec 10, 1994 Mercantile Bank of Table Rock Lake MO Mercantile Bank of South Central Missouri
Dec 10, 1994 Metropolitan Bank and Trust Company MA Central Co-operative Bank
Dec 9, 1994 First Republic Federal Savings Bank FSB NC First-Citizens Bank & Trust Company
Dec 9, 1994 Westbanco, Inc. IL Founders Group, Inc.
Dec 9, 1994 Farmers State Bank, Hunter, Kansas KS Community Bank of the Midwest
Dec 9, 1994 First National Bank TX West Side Bank and Trust
Dec 7, 1994 First Federal Savings Bank of Proviso Township IL First Bank, A Federal Savings Bank
Dec 6, 1994 The Buckeye Savings Bank OH R-G Crown Bank
Dec 6, 1994 Michael Bancorporation, Incorporated MN University Financial Corp, GBC dba Sunrise Banks
Dec 5, 1994 Citizens National Bank IA First Citizens Bank
Dec 5, 1994 The First National Bank in Blandinsville IL Union Bank/West
Dec 5, 1994 Osage Farmers National Bank IA First Citizens Bank
Dec 5, 1994 Trust Company of America CO Trust Company of America
Dec 5, 1994 Firstar Bank Portage WI Firstar Bank Wisconsin
Dec 5, 1994 (unnamed) — Union Bank/West
Dec 5, 1994 First National Bank IA First Citizens Bank
Dec 3, 1994 The Central Bank GA First Liberty Bank
Dec 3, 1994 Baker County Bank GA Southwest Georgia Bank
Dec 3, 1994 Bank One, Fresno, National Association CA Valliwide Bank
Dec 3, 1994 Old Stone Bank of California, a Federal Savings Bank CA Alameda First National Bank
Dec 3, 1994 Germantown Savings Bank PA Corestates Bank, National Association
Dec 3, 1994 Western Oregon Community Bank OR Centennial Bank
Dec 3, 1994 CG Bancorp OR Centennial Bancorp
Dec 2, 1994 Evergreen Bank NY Evergreen Bank, National Association
Dec 2, 1994 Creston Federal Credit Union GA Robins Financial Credit Union
Dec 2, 1994 First United Bancorp, Inc. AL Suntrust Banks of Tennessee, Inc.
Dec 2, 1994 Guaranty Bank & Trust Company LA Regions Bank of Louisiana
Dec 2, 1994 First American Bank & Trust of Louisiana LA Regions Bank of Louisiana
Dec 2, 1994 The Keeseville National Bank NY Evergreen Bank, National Association
Dec 1, 1994 Rock Hill National Bank SC NationsBank of South Carolina, National Association
Dec 1, 1994 Poole Deposit Bank KY First Kentucky Bank
Dec 1, 1994 The American State Bank CO Colorado East Bank & Trust

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

Enforcement Actions in 1994

Action date Agency Institution Action
Mar 15, 1994 OCC Western Family National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Western Family National Bank
Mar 14, 1994 OCC_OTS Bay Federal Savings Bank Cease and Desist: Douglas McAllister
Mar 14, 1994 OCC_OTS Bay Federal Savings Bank Cease and Desist: Michael H. Nelson
Mar 14, 1994 OCC_OTS Bay Federal Savings Bank Cease and Desist: Charles Hilton
Mar 11, 1994 OCC_OTS First Bank of Beverly Hills Orders of Removal/Prohibition: Michael H. Allen
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Civil Money Penalty (CMP): Mandel, Stanley
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Civil Money Penalty (CMP): Taylor, J.R.
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Civil Money Penalty (CMP): Alexander, Jay W.
Mar 11, 1994 FRB (individual) Prohibition from Banking: Gary Parker
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Civil Money Penalty (CMP): Atkins, James J.
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Civil Money Penalty (CMP): Howell, Joe
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Prohibition/Removal Orders: Alexander, Jay W.
Mar 11, 1994 OCC Tascosa National Bank of Amarillo Prohibition/Removal Orders: Atkins, James J.
Mar 10, 1994 OCC First National Bank in Kaufman Prohibition/Removal Orders: Blake, William
Mar 10, 1994 OCC First National Bank in Kaufman Prohibition/Removal Orders: Blake, Carroll
Mar 10, 1994 OCC First National Bank in Kaufman Civil Money Penalty (CMP): Blake, Carroll
Mar 10, 1994 OCC First National Bank in Kaufman C&D or PC&D Requiring Restitution: Tijerina, Louis
Mar 10, 1994 OCC First National Bank in Kaufman C&D or PC&D Requiring Restitution: Kawasaki, Masashi
Mar 10, 1994 OCC First National Bank in Kaufman C&D or PC&D Requiring Restitution: Blake, William
Mar 10, 1994 OCC First National Bank in Kaufman C&D or PC&D Requiring Restitution: Blake, Carroll
Mar 8, 1994 OCC Premier Bank, a N.A. C&D or PC&D Requiring Restitution: Wiley, Scott
Mar 8, 1994 OCC Premier Bank, a N.A. Civil Money Penalty (CMP): McLain, R. Bruce
Mar 8, 1994 OCC Premier Bank, a N.A. Civil Money Penalty (CMP): Wiley, Scott T.
Mar 8, 1994 OCC Premier Bank, a N.A. Prohibition/Removal Orders: McLain, R. Bruce
Mar 8, 1994 OCC Premier Bank, a N.A. Prohibition/Removal Orders: Wiley, Scott T.
Mar 8, 1994 FRB Dyer F & M Bancshares, Inc. Prohibition from Banking: Garry L. Carroll
Mar 4, 1994 OCC (individual) Civil Money Penalty (CMP): Keating, John J.
Mar 4, 1994 OCC (individual) Prohibition/Removal Orders: Keating, John J.
Mar 2, 1994 OCC Security First Bank Formal Agreement: First Security National Bank
Mar 1, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Anderson, David D.
Mar 1, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Ritt, Albert E.
Mar 1, 1994 OCC The State National Bank of Garfield Formal Agreement: State National Bank Of Garfield
Feb 28, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Davis, James C.
Feb 28, 1994 OCC City National Bank Prohibition/Removal Orders: Kopecky, Kenneth E.
Feb 25, 1994 FRB (individual) Cease and Desist Order: Pacific Western Bank, San Jose, CA
Feb 25, 1994 FRB (individual) Civil Money Penalty $10,000: Pacific Western Bank, San Jose, CA
Feb 24, 1994 OCC_OTS The Long Island Savings Bank, FSB Cease and Desist: James J. Conway Jr.
Feb 24, 1994 FRB (individual) Written Agreement: First FSB Bancshares, Inc., Mount Calm, TX
Feb 24, 1994 OCC_OTS The Long Island Savings Bank, FSB Orders of Removal/Prohibition: James J. Conway
Feb 23, 1994 OCC The Rushville National Bank C&D or PC&D Requiring Restitution: Hartke, Vance
Feb 23, 1994 FRB MT. Vernon Bancshares, Inc. Cease and Desist Order: Brenda Ikerd
Feb 23, 1994 FRB MT. Vernon Bancshares, Inc. Cease and Desist Order: Mt. Vernon Bancshares, Inc., Mount Vernon, KY
Feb 23, 1994 OCC_OTS Dominion Pines Partners L.P. Supervisory Agreement: Charles H. Jones
Feb 23, 1994 FRB MT. Vernon Bancshares, Inc. Cease and Desist Order: Jerry Ikerd
Feb 23, 1994 OCC The Rushville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hartke, Wayne
Feb 23, 1994 OCC The Rushville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hartke, Vance
Feb 23, 1994 OCC The Rushville National Bank C&D or PC&D Requiring Restitution: Hartke, Wayne
Feb 22, 1994 OCC_OTS Talladega Federal Savings and Loan Association Supervisory Agreement: Talladega Federal Savings and Loan Assocaition
Feb 18, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Tyson, Richard L.
Feb 18, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Traxler, Donald A.

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