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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
Feb 18, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Gross, David D.
Feb 18, 1994 OCC Bank One, West Virginia, Williamson, National Association Civil Money Penalty (CMP): Bank One, West Virginia, Williamson, N. A.
Feb 18, 1994 FRB (individual) Written Agreement: Merchants Bancshares, Inc., Burlington, VT
Feb 14, 1994 OCC (individual) Civil Money Penalty (CMP): Shaw, Melvin F.
Feb 10, 1994 OCC_OTS Topa Savings Bank Supervisory Agreement: Topa Savings Bank, FSB
Feb 9, 1994 OCC_OTS Community Federal Savings Bank Supervisory Agreement: Community Federal Savings Bank
Feb 9, 1994 OCC College Boulevard National Bank Civil Money Penalty (CMP): Sader, Harold M.
Feb 7, 1994 OCC Summerville National Bank Formal Agreement: Summerville National Bank
Feb 4, 1994 OCC Texas Republic Bank, N.A. Civil Money Penalty (CMP): Gamble, S. Mike
Feb 3, 1994 OCC Ventura County National Bancorp Formal Agreement: Ventura County National Bank
Feb 1, 1994 OCC_OTS Slavie Federal Savings and Loan Association Supervisory Agreement: Slavie Federal Savings and Loan Assocaiton
Jan 31, 1994 OCC United Bank for Africa PLC Formal Agreement: United Bank For Africa, Plc
Jan 27, 1994 OCC_OTS Metropolitan Financial Corporation Orders of Removal/Prohibition: John A. Guidinger
Jan 27, 1994 OCC_OTS Metropolitan Financial Corporation Civil Money Penalty: John A. Guidinger
Jan 25, 1994 OCC_OTS Family First Funding LLC Supervisory Agreement: Michele Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Family Fiedelity Insurance Company
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Gerald Corrado
Jan 25, 1994 OCC_OTS (recovered) Cease and Desist: James Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Joseph Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Patricia Corrado Held
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Peter Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Family Fidelity Ins. Company
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Gerald Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: James Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Joseph Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Patricia Corrado Held
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Peter Corrado
Jan 25, 1994 FRB Dyer F & M Bancshares, Inc. Cease and Desist Order: Dyer F&M Bancshares, Inc., Dyer, TN
Jan 24, 1994 OCC_OTS Suburban Federal Savings Bank Orders of Removal/Prohibition: William F. Shivers
Jan 24, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Dennis Edmondson
Jan 24, 1994 OCC_OTS Doylestown Federal Savings & Loan Association Orders of Removal/Prohibition: Robert D. Gilmore
Jan 21, 1994 OCC First National Bank of Vicksburg Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Vicksburg
Jan 20, 1994 OCC_OTS First Trade Union Capital Trust I Cease and Desist: Carol A. Little
Jan 20, 1994 OCC_OTS First Trade Union Capital Trust I Orders of Removal/Prohibition: Carol A. Little
Jan 19, 1994 OCC Merchants Bank of California, N.A. Prompt Corrective Action (PCA) Directive: Rancho Dominguez Bank, N.A.
Jan 13, 1994 OCC Siam Commercial Bank Public Company Limited Formal Agreement: Siam Commercial Bank Public Company Limited
Jan 13, 1994 FRB (individual) Civil Money Penalty $3,000: John L. Piesik
Jan 12, 1994 OCC The Malta National Bank Prohibition/Removal Orders: Welch, Harry F.
Jan 12, 1994 OCC The Malta National Bank Prohibition/Removal Orders: Ziegler, Charles
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Lowe, Michael D.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Welch, Harry F.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Ziegler, Charles
Jan 12, 1994 OCC Security National Bank of Superior Formal Agreement: Security National Bank Of Superior
Jan 12, 1994 OCC Security National Bank of Superior Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wright, Steven R.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Hartzell, Bruce W.
Jan 12, 1994 OCC Security National Bank of Superior Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Myers, Harold S.
Jan 12, 1994 OCC Nara Bank Civil Money Penalty (CMP): Hong, Gilbert
Jan 11, 1994 OCC Eagle Bank of Champaign County, N.A. Civil Money Penalty (CMP): Bartell, Richard W.
Jan 11, 1994 OCC Eagle Bank of Champaign County, N.A. Prohibition/Removal Orders: Bartell, Richard W.
Jan 11, 1994 OCC Sears National Bank Civil Money Penalty (CMP): Lee, Brian P.

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